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Mar 31, 2020
Alphatec Q1 2020 Earnings Report
ATEC reported financial results for the first quarter of 2020, highlighting U.S. revenue growth driven by new product adoption and an additional capital commitment to support continued execution.
Key Takeaways
Alphatec Holdings, Inc. reported a total revenue of $30.1 million for Q1 2020, with U.S. revenue reaching $29.1 million, a 27% increase year-over-year. The company's U.S. gross margin was 72.1%, and it held $27.5 million in cash and cash equivalents as of March 31, 2020.
Total revenue reached $30.1 million, with U.S. revenue up 27% year-over-year.
U.S. gross margin stood at 72.1%.
Cash and cash equivalents totaled $27.5 million as of March 31, 2020.
New products accounted for 56% of Q1 2020 U.S. revenue, up from 22% in Q1 2019.
Forward Guidance
ATEC suspended its previously announced 2020 revenue guidance due to the impact of COVID-19 on hospitals postponing elective procedures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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