Strong Constant Currency Revenue Growth
Artivion achieved a total constant currency revenue growth of 10% excluding PerClot. The company also expanded EBITDA margins by 310 basis points, resulting in adjusted EBITDA growth of 32% year-over-year.
On-X Revenue Growth
On-X revenue increased 10% year-over-year on a constant-currency basis, driven by market share gains globally and positive feedback from the field.
AMDS HDE Approval and Impact
The AMDS received a Humanitarian Device Exemption (HDE), allowing for commercial distribution in the U.S. prior to PMA approval. Significant clinical benefits include a 72% reduction in mortality and 54% reduction in major adverse events compared to standard care.
Stent Graft Revenue Growth
Stent graft revenues grew 8% on a constant currency basis in Q4, with significant opportunities in Europe and plans to expand to the U.S. and Japanese markets.
BioGlue Approval in China
BioGlue received regulatory approval in China, with commercialization expected in the second half of 2025. The product is anticipated to benefit approximately 12,000 patients annually in China.
Strong International Revenue Performance
Latin America and Asia-Pacific delivered constant-currency revenue growth of 26% and 11% for the full year, respectively.