earnings
confidence high
sentiment positive
materiality 0.75
ATEC reports record FY2022 revenue of $351M, up 44%; guides FY2023 revenue $438M with adjusted EBITDA breakeven
Alphatec Holdings, Inc.
2022-FY EPS reported
-$1.47
revenue$350,867,000
- Full-year 2022 revenue $351M (+44% YoY); Q4 revenue $106M (+43% YoY).
- GAAP gross margin 66%, non-GAAP 70%; GAAP operating loss $147M; adjusted EBITDA loss $28M.
- Q4 surgical volume +26%, avg revenue per procedure +18%; trained over 500 surgeons in 2022.
- Secured non-dilutive capital of up to $275M; ending cash $85M.
- FY2023 guidance: revenue ~$438M (+25%); adjusted EBITDA break-even expected.