8-K
filed May 7, 2024, 7:59 PM ET
ticker ATEC
CIK 0001350653
earnings
confidence high
sentiment positive
materiality 0.80
ATEC Q1 revenue up 27% to $138M; raises FY 2024 guidance
Alphatec Holdings, Inc.
2024-Q1 EPS reported
-$0.34
revenue$138,477,000
- Surgical revenue grew 30% YoY on 23% volume increase and 6% higher average revenue per procedure.
- GAAP net loss of $48M; adjusted EBITDA loss of $3M (2% margin), improving 450 bps YoY.
- Full-year revenue guidance raised to $601M (from $595M); adjusted EBITDA guidance raised to $23M (from $22M).
- Ending cash balance of $144M; deployed ~$60M in revenue-generating assets during Q1.
- CEO Pat Miles cites clear line of sight to $1B revenue with innovative spine portfolio.
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, 2024 results: revenue $601 million. Guidance raised.
- Period
- the fiscal year ended December 31, 2024
- Revenue
- $601 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For the fiscal year ended December 31, 2024, the Company now expects total revenue to grow 25% to $601 million compared to the previous expectation of $595 million. This includes surgical revenue of $536 million and EOS revenue of $65 million. The Company now expects non-GAAP adjusted EBITDA of approximately $23 million compared to the previous expectation of $22 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Alphatec Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $138 million, net income ($48) million.
- Period
- the quarter ended March 31, 2024
- Revenue
- $138 million
- Net income
- ($48) million
- Result
- reported results
Exact text from the filing
First Quarter 2024 Financial Results Quarter Ended March 31, 2024 Total revenue $138 million GAAP gross margin 70% Non-GAAP gross margin 71% GAAP operating expenses $141 million Non-GAAP operating expenses $115 million GAAP net loss ($48) million Adjusted EBITDA ($3) million Adjusted EBITDA margin (2%) Ending cash balance $144 million
View on SEC.gov
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