ATRCHIGH SIGNALFINANCIAL10-K

ATRC achieved a dramatic financial turnaround with revenue surging 304% to $201.6M and operating cash flow jumping 370% to $57.3M, while significantly narrowing losses.

This represents a transformative year for AtriClip with revenues quadrupling and the company moving much closer to profitability, suggesting strong market adoption of their cardiac surgery products. The substantial improvement in operating cash flow generation indicates the business model is scaling effectively and moving toward sustainability.

Comparing 2026-02-19 vs 2025-02-14View on EDGAR →
FINANCIAL ANALYSIS

ATRC delivered exceptional financial performance with revenue growing 304% to $201.6M and operating cash flow surging 370% to $57.3M, demonstrating strong business momentum. Operating losses narrowed dramatically by 76% to -$9.4M despite higher interest expenses, while the company strengthened its balance sheet with cash increasing 36% to $167.4M and reduced capital expenditures by 21%. The overall picture signals a company experiencing rapid growth while moving decisively toward profitability, with improved operational efficiency and strong cash generation supporting the scaling business.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+369.8%
$12.2M$57.3M

Operating cash flow surged 369.8% — exceptional cash generation, highest quality earnings signal.

Revenue
P&L
+303.7%
$49.9M$201.6M

Strong top-line growth of 303.7% — accelerating demand or successful expansion into new markets.

Operating Income
P&L
+76.4%
-$40.0M-$9.4M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
+74.4%
-$44.7M-$11.4M

Net income grew 74.4% — bottom-line growth signals improving overall business health.

Interest Expense
P&L
+38.9%
$5.0M$6.9M

Interest expense surged 38.9% — significant debt increase or rising rates materially impacting earnings.

Cash & Equivalents
Balance Sheet
+36.4%
$122.7M$167.4M

Cash position surged 36.4% — strong cash generation or capital raise providing significant financial cushion.

Capital Expenditure
Cash Flow
-21%
$11.5M$9.1M

Capex reduced 21% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Current Assets
Balance Sheet
+20.4%
$267.8M$322.5M

Current assets grew 20.4% — improving short-term liquidity or inventory/receivables build.

Gross Profit
P&L
+15.3%
$347.5M$400.8M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Current Liabilities
Balance Sheet
+11%
$73.4M$81.5M

Current liabilities rose 11% — increased short-term obligations, watch current ratio.

LANGUAGE CHANGES
NEW — 2026-02-19
PRIOR — 2025-02-14
ADDED
BUSINESS Overview We are a leading innovator in surgical treatments and therapies for atrial fibrillation (Afib or AF), left atrial appendage (LAA) management and post-operative pain management.
Our pain management solutions are used by physicians to freeze nerves during cardiac, thoracic or amputation surgical procedures.
Recovery from these surgeries can be complicated and painful.
We sell our products to medical centers through our direct sales force in the United States, Germany, France, the United Kingdom, the Benelux region, Australia and Canada.
During 2023, the American College of Cardiology (ACC), American Heart Association (AHA), American College of Clinical Pharmacy (ACCP) and HRS released Guidelines for Diagnosis and Management of Atrial Fibrillation, and upgraded LAAM to the highest recommendation of Class 1 and now include Hybrid AF Therapy as a Class 2 recommendation.
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REMOVED
BUSINESS Overview We are a leading innovator in treatments for atrial fibrillation (Afib), left atrial appendage (LAA) management and post-operative pain management.
Our pain management solutions are used by physicians to freeze nerves during cardiothoracic or thoracic surgical procedures.
Recovery from cardiothoracic and thoracic surgery can be complicated and painful.
We sell our products to medical centers through our direct sales force in the United States, Germany, France, the United Kingdom, the Benelux region, Canada and Australia.
In 2024, the European Society of Cardiology (ESC) released Guidelines for Management of Atrial Fibrillation developed in collaboration with the European Association of Cardio-Thoracic Surgery (EACTS), in which they upgraded LAAM to the highest Class 1 recommendation.
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