ATEC launches $150M stock offering; preliminary Q3 shows improved adjusted EBITDA

Alphatec Holdings, Inc.

Proposed underwritten public offering of $150M common stock; underwriters have 30-day option to buy additional $22.5M.
Preliminary Q3 2023 net loss expected $42.4-43.2M, up ~$6M from $36.8M in Q3 2022.
Preliminary Q3 non-GAAP Adjusted EBITDA positive $1.5-2.3M, vs loss of $6.2M in Q3 2022.
Cash balance ~$123M at Sep 30, including $50M Braidwell term loan drawdown and $10M ATM proceeds.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alphatec Holdings, Inc. reported the quarter ended September 30, 2023 results: net income ($43.2) million to ($42.4) million.

Period: the quarter ended September 30, 2023
Net income: ($43.2) million to ($42.4) million
Result: preliminary results

Exact text from the filing

The Company expects preliminary unaudited net loss for the three months ended September 30, 2023 of ($43.2) million to ($42.4) million

View on SEC.gov

Browse all earnings releases →

Alphatec Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-261657

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.