8-K
filed November 6, 2023, 6:59 PM ET
ticker ATEC
CIK 0001350653
earnings
confidence high
sentiment positive
materiality 0.75
ATEC Q3 revenue up 32% to $118M; raises FY2023 adjusted EBITDA guidance to ~$3M
Alphatec Holdings, Inc.
2023-Q3 EPS reported
-$1.18
revenue$344,292,000
- Total revenue $118M (+32% YoY); surgical revenue $104M (+32%), EOS $14M (+30%).
- GAAP operating loss ($38M) but positive adjusted EBITDA of $2M, second consecutive quarter.
- Raises FY2023 adjusted EBITDA guidance to ~$3M; revenue guidance unchanged at $472M (+35%).
- Ended Q3 with $123M cash; secured $150M capital to invest in revenue-generating assets.
- Inducement grants of 24,296 RSUs to 13 new non-executive employees.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Alphatec Holdings, Inc. reported the fiscal year ended December 31, 2023 results: revenue $472 million. Guidance raised.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $472 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
operational excellence that ATEC is renowned for. Our best is yet to come.” Financial Outlook for the Full Year 2023 The Company continues to expect total revenue to grow 35% to $472 million for the fiscal year ended December 31, 2023, in line with the expectations previewed in conjunction with the release of preliminary third quarter financial results. This includes
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Alphatec Holdings, Inc. reported the quarter ended September 30, 2023 results: revenue $118 million. Guidance raised.
- Period
- the quarter ended September 30, 2023
- Revenue
- $118 million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
--- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 ATEC Reports Third Quarter 2023 Financial Results and Raises Full Year 2023 Adjusted EBITDA Guidance Total revenue grew 32% to $118 million Surgical revenue grew 32% to $104 million and EOS revenue grew 30% to $14 million Delivered positive adjusted EBITDA of over $2 million CARLSBAD, Calif., November 6, 2023 –
View on SEC.gov
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