secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000950170-25-061859
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATEC Q1 revenue $169M (+22% YoY); raises FY guidance to $734M; refinances convertible debt to 2030
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- Surgical revenue $152M (+24%), driven by 17% procedural volume growth and 18% new surgeon adoption increase.
- GAAP net loss $52M; Adjusted EBITDA $11M (6% margin), improving 840 bps YoY.
- FY2025 revenue guidance raised to ~$734M (from $732M) and adjusted EBITDA to ~$78M (from $75M).
- Refinanced convertible debt extending maturity to 2030; ending cash $153M.
- Free cash use improved $55M versus Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000095017025061859/0000950170-25-061859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000095017025061859/atec-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061859

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