Total Revenue and Growth
Artivion reported total revenues of $99 million for the first quarter of 2025, up 4% compared to Q1 of 2024. The company raised its full-year 2025 revenue guidance, expecting constant currency growth of between 11% and 14%.
On-X and Stent Graft Revenue Growth
On-X revenue increased double digits at 11% year-over-year growth on a constant currency basis. Stent graft revenues grew 19% on a constant currency basis in the first quarter compared to the same period last year.
Successful AMDS Launch
Artivion's ongoing launch of AMDS in the U.S. following its FDA HDE approval has been positive. About 150 facilities are actively seeking IRB and value analysis committee approvals, indicating strong interest from the surgeon community.
Geographical Performance
Latin America and Asia Pacific delivered strong constant currency revenue growth of 26% and 8%, respectively, in the first quarter.
Positive Clinical Data for On-X
New data showed a statistically significant improvement in mortality with mechanical valves compared to bioprosthetic valves in patients under 60, opening a $100 million U.S. market expansion opportunity.