KENNESAW, Ga. (AP) — KENNESAW, Ga. (AP) — Artivion, Inc. (AORT) on Thursday reported fourth-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier.
The Kennesaw, Georgia-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The biological medical device maker posted revenue of $79.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $80.3 million.
For the year, the company reported that its loss widened to $19.2 million, or 48 cents per share. Revenue was reported as $313.8 million.
Artivion expects full-year revenue in the range of $331 million to $343 million.
Artivion shares have increased roughly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.20, a decrease of 26% in the last 12 months.
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