earnings
confidence high
sentiment positive
materiality 0.75
ATEC pre-announces Q3 revenue $89-90M (+42-43% YoY) and raises FY22 growth guidance to ~40%
Alphatec Holdings, Inc.
2022-Q3 EPS reported
-$1.14
revenue$244,923,000
- Total revenue $89-90M (organic $78-78.8M) vs. $62.8M in Q3 2021; organic revenue growth 51-53%.
- Procedural volume growth exceeded 30%, driven by PTP approach momentum.
- Full-year 2022 total revenue growth now expected ~40%, up from prior 34% guidance.
- Ended Q3 with cash balance of approximately $106 million.
- Final Q3 results to be reported on November 3, 2022.