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  "documentTitle": "AtriCure, Inc. (ATRC)",
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  "notes": "The text argues that the business is structurally unprofitable due to high R&D and SG&A costs that do not scale with revenue growth.",
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      "text": "The inescapable conclusion we draw from AtriCure’s financials is that developing and selling surgical ablation devices is a structurally unprofitable business.",
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      "text": "Total Operating Income: (33.1)",
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      "text": "Surprisingly though, AtriCure has also been unable to generate any leverage on its other operating expense lines.",
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      "text": "Source: company filings, Kerrisdale analysis",
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