Atrion ( NASDAQ:ATRI ) First Quarter 2024 Results Key Financial Results Revenue: US$47.3m (up 18% from 1Q 2023). Net...
Revenue Climbs but Profitability Challenges Persist, Influenced by Inventory Management and Market Conditions
ALLEN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- Atrion Corporation (NASDAQ: ATRI) today announced its results for the first quarter ended March 31, 2024. Revenues for the first quarter of 2024 totaled $47.3 million compared to $40.0 million for the same period in 2023. For the just ended quarter, operating income was $3.1 million, down $1.3 million from the comparable 2023 period, primarily due to a one-time inventory write-off, and net income was $2.8 million, down $0.7 million from the same per