earnings
confidence high
sentiment positive
materiality 0.75
Alphatec Q3 revenue $90M (+43% YoY); surgical revenue +53%; guides FY22 $340M
Alphatec Holdings, Inc.
2022-Q3 EPS reported
-$1.14
revenue$244,923,000
- Total revenue $90M, up 43% YoY; surgical revenue up 53% to $79M; EOS revenue $11M.
- GAAP gross margin 66%; non-GAAP 71%; GAAP operating loss ($35M); adjusted EBITDA ($6M) improved 870 bps YoY.
- FY22 revenue guidance $340M (40% growth), including $46M EOS; surgical growth ~39%.
- Surgical volume +32%, users +22%; launched first expandable interbody and Sigma Medialized access.
- Closed $50M revolving credit facility with $25M accordion feature; cash $106M.