earnings
confidence high
sentiment positive
materiality 0.75
Alphatec Q3 revenue $62.9M (+53% total, +29% organic); FY21 rev guidance ~$235M (+62%)
Alphatec Holdings, Inc.
2022-Q3 EPS reported
-$1.09
revenue$169,250,000
- Q3 total revenue $62.9M, up 53% YoY; organic revenue rose 29%; GAAP operating loss $35.1M.
- Non-GAAP gross margin 72%; adjusted EBITDA loss $9.8M; cash balance $223.9M.
- Lateral PTP technique drove >50% of Q3 revenue growth; surgeon users up 20% vs Q3 2020.
- EOS imaging contributed >$11M in Q3; FY21 EOS revenue expected ~$26M.
- Convertible debt raised net $188M; FY21 total revenue guidance ~$235M (+62% vs prior year).