AtriCure (ATRC) Reports Better-Than-Expected Q1 Adj-Loss of $0.08; Enters New $10M Credit Facility
More News related to ATRC
- Piper Jaffray Upgrades AtriCure (ATRC) to Neutral; DoJ Resolution Clearly a Positive
- Relator's Attorneys Comment On AtriCure/DOJ Proposed Settlement
- Atricure (ATRC) Posts Q3 adj.-Loss of $0.06, Beats by 3c
- AtriCure Reports Third Quarter 2009 Financial Results
- AtriCure Announces Tentative Settlement with the Department of Justice
More News related to Corporate News
- Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
- Morning Movers 11/10: UPG, CYD, PCLN, FLL, BZH Higher; RHIE, OPXT, PRKR, PIKE, MBI, SDTH Lower
- Notable Mergers and Acquisitions of the Day 11/10: HSC
- After-Hours Movers 11/09: SGK, PCLN, SQNM Higher; MBI, SDTH, UTK, TOPS, CPST, BTN, FLR Lower
- Trading Radar for 11/10: Tyco Int. (TYC), ArvinMeritor (ARM), Clearwire (CLWR), American Apparel (APP) Report
AtriCure, Inc. (Nasdaq: ATRC) reports Q1 adj-loss of $0.08, versus the analyst estimate of ($0.19). Revenue for the quarter was $13.7 million, versus the consensus of $12.72 million.
On May 1, 2009 the Company entered into a $10 million credit facility with Silicon Valley Bank. The three year facility provides for a maximum borrowing capacity of $10 million and consists of a $6.5 million term loan, which was funded at closing and bears interest at 10%, and a $10 million revolving loan facility. The existing credit facility with National City Bank, which did not have any amounts outstanding currently or as of March 31, 2009, has been terminated.
Related Categories
Corporate NewsEarnings
Stocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
