AtriCure Inc.

AtriCure (Nasdaq: ATRC) + shares dipped today despite fourth-quarter results that came in ahead of the consensus forecast.

Shares of ATRC fell 2.8% at $33.25 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.7%.

The Mason, Ohio-based company posted losses of $9.8 million. That equals 21¢ per share on sales of $106.5 million for the three months ended Dec. 31, 2023. AtriCure recorded a bottom-line slide deeper into the red despite sales growth of 21%.

Losses per share of 21¢ came in 2¢ ahead of expectations on Wall Street. Sales topped projections of $103.7 million in revenue as well.

The company highlighted growth drivers including sales for its EPi-Sense, AtriClip Flex V, Encompass clamp and cryoSphere probe. With a more than 20% revenue uptick from the fourth quarter of last year, the company a…

AtriCure (Nasdaq: ATRC) + today announced preliminary fourth-quarter revenue results that beat the expectations of Wall Street analysts.

The Mason, Ohio–based developer of surgical tools for atrial fibrillation (Afib), left atrial appendage (LAA) management and post-operative pain management expects to report Q4 2023 revenue of $106.5 million, up 21% year-over-year. The consensus on The Street was $102.43 million.

Preliminary, unaudited revenue for full-year 2023 is expected to be $399.2 million, representing roughly 21% growth over full-year 2022. AtriCure’s management now expects revenue to grow another 15–17% in 2024, reaching $459–466 million, reflecting growth of approximately 15% to 17% over full year 2023

ATRC shares were up more than 6% to $35.03 apiece by the close of trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up more t…

AtriCure (Nasdaq:ATRC) shares are trending upward today on first-quarter results that beat the consensus forecast.

Shares of ATRC ticked up 6.2% at $42.65 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.2%.

The Mason, Ohio-based cardiovascular care company posted losses of $6.5 million for the quarter. That amounts to losses of 14¢ per share on sales of $93.5 million for the three months ended March 31, 2023.

AtriCure recorded an $8.7 million bottom-line gain on sales growth of 25.4%. The company said its first-quarter performance reflects the leverage of its operations and production efficiencies. Continued supply chain cost increases and a shift in product mix offset some of that performance.

Adjusted to exclude one-time items, losses per share totaled 23¢. That landed 11¢ ahead of Wall Street projections. Meanwhile, sales topped expectati…

AtriCure (Nasdaq:ATRC) announced today that it treated the first patient in its left atrial appendage exclusion for stroke prevention (LeAAPS) trial.

U.S. co-principal investigator Dr. Marc Gerdisch treated the first patient at Franciscan St. Francis Heart Center in Indianapolis.

The prospective, randomized, blinded investigational device exemption (IDE) trial will evaluate the safety and effectiveness of AtriClip. Mason, Ohio–based AtriCure designed AtriClip for the prevention of ischemic stroke or systemic arterial embolism. The LAA exclusion system treats cardiac surgery patients at elevated risk for these events with no history of AFib.

AtriCure said it expects the trial to enroll up to 6,500 patients across up to 250 centers worldwide. This would make it the largest randomized clinical trial for surgical LAA exclusion, the company said.

“The LeAAPS trial is a landmark study to evaluate the prophylactic use of AtriClip devices for stroke reduc…

AtriCure (Nasdaq:ATRC) shares were unchanged after hours today on third-quarter results that topped the consensus forecast.

The Mason, Ohio-based cardiac ablation device company posted losses of $12.3 million. That amounts to 27¢ per share on sales of $83.2 million for the three months ended Sept. 30, 2022.

AtriCure reported a massive bottom-line slide into the red despite sales growth of 18.1%. The company said its results reflect the leverage of higher sales volumes offset by inflationary and supply chain cost pressures. Additionally, the company attributed it to a shift in product mix to lower-margin products.

Adjusted to exclude one-time items, losses per share totaled 23¢. That comes in 2¢ ahead of expectations on Wall Street. AtriCure also posted a sales beat as analysts projected revenues of $81.3 million.

“We are proud to share another quarter of strong commercial execution across our business, with excellent EnCompass traction following o…

AtriCure (Nasdaq:ATRC) shares took a slight hit today on second-quarter results that were mixed compared to the consensus forecast.

The Mason, Ohio-based cardiac ablation device company posted losses of $14.8 million, or 32¢ per share, on sales of $84.5 million for the three months ended June 30, 2022, for a slight bottom-line gain on sales growth of 18.4%.

AtriCure’s adjusted losses per share, also registering at 32¢, came in 2¢ behind Wall Street, while sales topped estimates by 6.3%.

“We delivered a remarkable second quarter as we continue changing the standard of care for millions of patients globally,” AtriCure President and CEO Michael Carrel said in a news release. “Our results demonstrate the building strength of our portfolio of solutions, while continued product innovation, clinical science and physician education drive expansive, long-term growth opportunities.”

AtriCure said it expects to log adjusted losses per share of between …

Dr. Mark LaMeir and Dr. Carlo de Asmundis treated the first patient in the HEAL-IST trial evaluating the AtriCure Isolator Synergy claimp for treating drug-refractory patients diagnosed with inappropriate sinus tachycardia (IST) at University Hospital Brussels.

“Symptomatic IST is a serious arrhythmia that dramatically decreases the quality of life in predominantly younger adults, and more specifically, young women,” Dr. LaMeir, Head of Cardiac Surgery at University Hospital Brussels and co-principal investigator in the HEAL-IST trial, said in a news release. “Further, since current antiarrhythmic drug treatment has limited long-term effect, and societal guidelines do not advise sinus node ablation or modulation, this landmark study of sinus node sparing hybrid ablation has the potential to establish a standard of care for these …

AtriCure (Nasdaq:ATRC) announced today that it launched the EnCompass Clamp as part of its Isolator Synergy ablation system.

Mason, Ohio-based AtriCure received FDA 510(k) clearance for the EnCompass Clamp for the ablation of cardiac tissue during cardiac surgery to make concomitant surgical ablations more efficient.

According to a news release, the platform includes parallel closure, uniform pressure and custom power using Synergy radiofrequency (RF). AtriCure said the new features of the EnCompass Clamp allow for easier placement using a magnetic guide, enabling more efficient procedures by minimizing tissue dissection.

“The EnCompass Clamp provides a simpler and faster approach to ablating the heart in open-chest procedures,” AtriCure President and CEO Michael Carrel said in the release. “We are passionate about innovation, leading to high-quality options for our physician partners. We believe the EnCompass Clamp will meet the unique needs of surgeons…