ATEC Reports Third Quarter 2024 Financial Results And Raises Full-Year Guidance
Alphatec Holdings, Inc. (ATEC)
Last alphatec holdings, inc. earnings: 10/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.alphatecspine.com/investor-relations
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Source: Business Wire
Surgical revenue grew 30%; total revenue grew 27%Full-year revenue and profitability guidance increasedEnhanced balance sheet flexibility with $50 million expansion of existing term loan facility CARLSBAD, Calif.--(BUSINESS WIRE)--Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, today announced financial results for the quarter ended September 30, 2024, and recent corporate highlights.Third Quarter 2024 Financial Results Quarter EndedSeptember 30, 2024Total revenue$151 millionGAAP gross margin68%Non-GAAP gross margin69%GAAP operating expenses$136 millionNon-GAAP operating expenses$114 millionGAAP net loss($40) millionAdjusted EBITDA$7.4 millionAdjusted EBITDA margin5%Ending cash balance$81 millionRecent HighlightsDrove 20% procedural volume growth on continued momentum of PTPTM and LTPTM;Achieved 19% growth in new surgeon adoption, a key leading indicator of future growth;Continued to expand U.S.
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ATEC
News
- ATEC to Participate in Upcoming ConferencesBusiness Wire
- Earnings Update: Alphatec Holdings, Inc. (NASDAQ:ATEC) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Alphatec Holdings, Inc. (NASDAQ: ATEC) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $20.00 price target on the stock.MarketBeat
- Alphatec Holdings, Inc. (NASDAQ: ATEC) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $13.00 price target on the stock.MarketBeat
- ATEC to Report Third Quarter Financial Results on October 30, 2024Business Wire
ATEC
Earnings
- 10/30/24 - Miss
ATEC
Sec Filings
- 11/12/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- ATEC's page on the SEC website