Feed / ATRC

AtriCure, Inc.

ATRC

Healthcare · 54.56 +3.0% today

Partial group confirmationMarket checked 10 Sept, 15:55 GMT-4

Market read

AtriCure, Inc.'s move is spreading beyond its market group.

ATRC accounts for 5.9% of the group's measured movement across 7.6 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the downside. Capital-flow agreement is 15%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveAligned contributor#7 of 12 by movement share
Group movement share5.9%Absolute path energy—not portfolio weight
Relative path-0.45%aligned
Effective breadth7.6 / 12broad
Relative alignment7/12downside path · 4 counter-moving
Capital-flow agreement15%not yet clean
SEQUENCE READ

ATRC was the first measured mover. ATRC crossed its material path threshold at 11:20 ET. ABT, AAMI, BXSL followed.

EVIDENCE COVERAGE

5 of 25 members in Biopharmaceuticals and Care are active. 0 of 2 disclosed connections are confirming.

What would change this read
  • At least 17 of 25 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BDX remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 8 of 25 members or fewer.

Watch this read

Research brief

The story so far

Healthcare · Medical Instruments & Supplies

ATRC accounts for 5.9% of the group's measured movement across 7.6 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the downside. Capital-flow agreement is 15%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 17 of 25 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BDX remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements47
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +14.9% year over year.
  • Operating margin changed +6.8 percentage points in the latest annual period.
  • Net margin changed +7.5 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated favorable evidence across 3 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • EV/sales is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

54.56
6m+76.4%12m+46.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$274.3M+32.8%$1.09+9.3%
2022-12-31$330.4M+20.4%$-1.02-0.6%
2023-12-31$399.2M+20.8%$-0.66+1.2%
2024-12-31$465.3M+16.5%$-0.95+1.4%
2025-12-31$534.5M+14.9%$-0.24+1.7%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dpositive · 3 filings
Research and development expenses increased $1,707 or 7.6%, driven by an $818 increase in regulatory filing and submission costs as a result of timing of product development and clinical initiatives and $738 increase in personnel costs, including share-based…
10-Q · May 6, 2026
Credit and interest ratesnegative · 2 filings
This increase was a result of $777 cash used to pay financing costs as part of the First Amendment to the ABL Facility, $865 paid to reduce outstanding borrowings and a $1,270 increase in shares repurchased for payment of taxes on stock awards.
10-Q · May 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.9× · EV/sales 4.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

54.56+3.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ATRC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ATRC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ATRC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JPMJPMorgan Chase & Co.lenderMay 6, 2026

The Company's Credit Agreement with JPMorgan Chase Bank, N.A.

MDTMedtronic plccompetitorFeb 19, 2026

Our primary competitor in the cardiac surgery market is Medtronic, plc, who provides surgical ablation products and LAAM devices used by physicians for the treatment of Afib and related conditions.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ATRC is currently a Participant in the organic co-movement group Biopharmaceuticals and Care. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.