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0.0121951219512197 -0.0132682926829267 0.00487804878048792 0.00482926829268315 0.00243902439024407 -0.0227317073170731 -0.0414634146341462 -0.0694634146341462
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Alphatec Announces Preliminary Third Quarter 2017 Financial Results And Corporate Updates

ALPHATEC HOLDINGS (ATEC)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: investors.alphatecspine.com/investor-relations
PDF CARLSBAD, Calif., Oct. 24, 2017 (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 financial results for the third quarter ended September 30, 2017.  The Company also announced several corporate updates.  Preliminary, Unaudited Third Quarter 2017 Financial Results Total revenue of $22.8 million to $23.1 millionU.S. commercial revenue of $20.4 million to $20.7 millionU.S. commercial gross margin of 68% to 69%Total operating expenses decreased to a range of $15.7 million to $16.0 millionCash burn improved to approximately $3.7 million; cash balance of approximately $15.4 million at September 30, 2017 “Third quarter revenue was down sequentially due to the impacts of the hurricanes in Texas, Florida, and Puerto Rico, and fewer selling days in the quarter,” said Terr [Read more]

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