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Jun 30, 2020
Atricure Q2 2020 Earnings Report
Reported a decrease in revenue due to the impact of COVID-19, but experienced a recovery in May and June.
Key Takeaways
AtriCure reported a decrease in worldwide revenue by 30.7% year-over-year, with U.S. revenue decreasing by 28.6% and international revenue decreasing by 39.0%. The company experienced a trough in April followed by a rapid return in May and steady volumes through June. They did not provide 2020 financial guidance due to continued uncertainties from the impact of COVID-19.
Worldwide revenue decreased by 30.7% year-over-year to $40.8 million.
U.S. revenue decreased by 28.6% year-over-year to $33.7 million.
International revenue decreased by 39.0% year-over-year to $7.1 million.
Net loss per share was $0.20, compared to $0.11 for the second quarter of 2019.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
AtriCure is not providing 2020 financial guidance due to the continued uncertainties from the impact of COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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