secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054549
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATEC Q1 revenue up 27% to $138M; raises FY 2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000095017024054549/0000950170-24-054549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000095017024054549/atec-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054549

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer