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Stock impact report

ATEC Reports First Quarter 2024 Financial Results and Raises Full-Year Guidance [Yahoo! Finance]

Alphatec Holdings, Inc. (ATEC) 
Last alphatec holdings, inc. earnings: 10/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Full-year revenue and adjusted EBITDA guidance increased to $601 million and $23 million, respectively CARLSBAD, Calif., May 07, 2024 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 Ended March 31, 2024 Total revenue $138 million GAAP gross margin Non-GAAP gross margin GAAP operating expenses $141 million Non-GAAP operating expenses $115 million GAAP net loss ($48) million Adjusted EBITDA ($3) million Adjusted EBITDA margin Ending cash balance $144 million First Quarter Highlights Surgical revenue grew 30% with a 23% increase in surgical volume and 6% increase in average revenue per procedure; Hosted 150 surgeon training engagements, fueling 21% growth in surgeon adoption and increasing util Show less Read more
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