Loading...
•
Mar 31, 2021
Alphatec Q1 2021 Earnings Report
ATEC reported first quarter financial results with U.S. revenue growth accelerating to 50%.
Key Takeaways
Alphatec Holdings, Inc. announced financial results for the quarter ended March 31, 2021. Total revenue was $44.1 million, with U.S. revenue reaching $43.7 million, reflecting a 50% growth. The company anticipates total revenue for the full year 2021 to be approximately $190 million.
U.S. revenue growth accelerated to 50%.
Revenue growth averaged approximately 33% over the past eight quarters.
New products contributed to 77% of U.S. revenue, up from 56% in Q1 2020.
Sales network transformation delivered 60% year-over-year revenue growth from strategic distribution.
Forward Guidance
The Company expects total revenue for the fiscal year ended December 31, 2021, to approximate $190 million, which includes U.S. revenue of approximately $188 million. Revenue guidance reflects expected U.S. revenue growth of roughly 33% compared to 2020, driven by continued launches of novel procedures, products, and the revitalization of the Company’s distribution network. Total revenue guidance contemplates the anticipated wind-down of the Company’s international supply agreement on August 31, 2021.
Positive Outlook
- Continued launches of novel procedures and products.
- Revitalization of the Company’s distribution network.
- Expected U.S. revenue growth of roughly 33% compared to 2020.
- Anticipated positive impact of EOS imaging acquisition.
- Focus on improving the clinical experience in spine.
Challenges Ahead
- Anticipated wind-down of the Company’s international supply agreement on August 31, 2021.
- Impact of COVID-19 pandemic on the Company's business and the economy.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...