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  "documentTitle": "AtriCure, Inc. (ATRC)",
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  "authorName": "Kerrisdale Capital",
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  "presentationDate": "2020-09-01 00:00:00",
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      "text": "I. INVESTMENT HIGHLIGHTS...3\nII. COMPANY OVERVIEW...9\nIII. THE ILL-CONCEIVED CONVERGENT PROCEDURE WILL FAIL TO GAIN ANY TRACTION AGAINST CATHETER ABLATION IN PERSISTENT AF...13\nIV. THE ADDRESSABLE MARKET FOR ATRICURE'S CORE SURGICAL ABLATION BUSINESS IS SMALL AND SATURATED, WITH MEAGER GROWTH PROSPECTS...19\nDespite a decade of growth and market penetration, and little direct competition, AtriCure remains unprofitable...23\nV. NEW TECHNOLOGIES ARE REVOLUTIONIZING CARDIAC ABLATION TO THE DETRIMENT OF ATRICURE...25\nPulsed Field Ablation (PFA) is a revolution in the safety and speed of catheter ablation, and will render a lot of surgical ablation obsolete...27\nReal-time mapping devices, such as those from Acutus, will change the ablation treatment paradigm to the detriment of AtriCure...29\nVI. CONCLUSION...31\nFULL LEGAL DISCLAIMER...33",
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