ATEC Reports First 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
Total revenue grew 27% to $138 million, with 30% growth in surgical revenueAdjusted EBITDA margin expanded 450 basis pointsFull-year revenue and adjusted EBITDA guidance increased to $601 million and $23 million, respectively 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 March 31, 2024, and recent corporate highlights.First Quarter 2024 Financial Results Quarter EndedMarch 31, 2024Total revenue$138 millionGAAP gross margin70%Non-GAAP gross margin71%GAAP operating expenses$141 millionNon-GAAP operating expenses$115 millionGAAP net loss($48) millionAdjusted EBITDA($3) millionAdjusted EBITDA margin(2%)Ending cash balance$144 millionFirst Quarter HighlightsSurgical revenue grew 30% with a 23% increase in surgical volume and 6% increase in average revenue per procedure;Hosted 150 surgeon training engagements,
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News
- Here's What Analysts Are Forecasting For Alphatec Holdings, Inc. (NASDAQ:ATEC) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Alphatec Holdings, Inc. (NASDAQ:ATEC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alphatec Holdings, Inc. (NASDAQ: ATEC) had its price target lowered by analysts at Piper Sandler from $19.00 to $17.00. They now have an "overweight" rating 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 $23.00 price target on the stock.MarketBeat
- ATEC Reports First Quarter 2024 Financial Results and Raises Full-Year Guidance [Yahoo! Finance]Yahoo! Finance
ATEC
Earnings
- 5/7/24 - Miss
ATEC
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/26/24 - Form ARS
- ATEC's page on the SEC website