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Alphatec Announces Preliminary Fourth Quarter and Full Year 2017 Revenue and Corporate Updates

ALPHATEC HOLDINGS (ATEC)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: investors.alphatecspine.com/investor-relations
PDF CARLSBAD, Calif., Jan. 08, 2018 (GLOBE NEWSWIRE) -- Alphatec Holdings, Inc. (“Alphatec” or the “Company”) (Nasdaq:ATEC), a provider of innovative spine surgery solutions with a mission to improve patient lives through the relentless pursuit of superior outcomes, today announced preliminary estimates of revenue for the fourth quarter and full year ended December 31, 2017.  The Company also provided several corporate updates. Preliminary, Unaudited Revenue  Quarter Ended December 31, 2017 Year Ended December 31, 2017    Total revenue$25.9 million to $26.3 million $101.4 million to $101.8 millionU.S. commercial revenue$20.8 million to $21.0 million $86.8 million to $87.0 million     During the fourth quarter, preliminary U.S. commercial sales generated by dedicated agents and distributors expanded to more than 40%, in line with expectations, and up significantly from about 5% at the start of the year. The Company ended the year with a cash balance of approximately $22.5 million. Oper [Read more]

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