KENNESAW, Georgia (AP) – Artivion, Inc. (AORT) on Thursday reported a loss of $ 20.1 million in the fourth quarter.
The company, based in Kennesaw, Georgia, said the loss was 51 cents. Earnings adjusted for one-time expenses and depreciation expenses were less than 1 cent per share.
During this period, the manufacturer of biological medical devices received $ 79.4 million.
For the year, the company said its losses fell to $ 14.8 million, or 38 cents a share. Revenue was $ 298.8 million.
Artivion expects year-over-year profits in the range of $ 319 million to $ 325 million.
Since the beginning of the year, Artivion shares have fallen by 14%. In the last minutes of trading on Thursday, the stock reached $ 17.50, down 30% over the past 12 months.
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