secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001193125-26-206530
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 1.01, 1.02, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATEC Q1 rev $192M (+14%), surgical rev +17%; refinances debt with bank facility saving >$6M/yr
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- Q1 total revenue $192M (14% YoY growth); surgical revenue $178M (+17%) driven by 21% case volume growth.
- GAAP net loss $34M; non-GAAP net income $0M; adjusted EBITDA $21M (11% margin, up 460 bps YoY).
- FY2026 total revenue guided to ~$882M (15% growth); surgical revenue ~$805M; adjusted EBITDA ~$134M (15%).
- Entered $175M Term Loan A + $125M revolver led by JPMorgan; refinances prior debt, extends maturity to 2031.
- New facility reduces interest expense >$6M annually, with potential >$35M total savings; SOFR+275bps at close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312526206530/0001193125-26-206530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312526206530/atec-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-206530

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