What caused AORT's Q4 2024 EPS to miss forecasts?

Artivion's Q4 2024 EPS missed forecasts due to several factors: 1. **Revenue Mix and Gross Margin**: The revenue mix and gross margin were not favorable, resulting in a negative impact on the bottom line. The company's gross margin was $61,009,000 for the quarter, compared to $56,270,000 in the previous year. This increase was attributed to favorable pricing and product mix, but it did not fully offset the challenges. 2. **Operating Expenses**: Artivion's operating expenses, including general, administrative, and marketing expenses, decreased to $50,017,000 from $51,093,000. However, research and development expenses increased to $6,605,000, slightly up from $6,421,000 in the previous year. These expenses, although slightly higher, put pressure on the net profit. In summary, while Artivion saw an increase in revenues and gross margins, the higher operating expenses, particularly in research and development, contributed to the EPS miss.