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Mar 31, 2022
Alphatec Q1 2022 Earnings Report
ATEC reported first quarter 2022 financial results and increased full-year revenue guidance.
Key Takeaways
Alphatec Holdings, Inc. reported a strong start to 2022 with a 61% increase in revenue, including 39% organic revenue growth. The company's full-year revenue guidance was increased to $316 million, reflecting 30% growth.
ATEC's total revenue reached $71 million.
GAAP gross margin was 69%, and non-GAAP gross margin was 72%.
ATEC lateral procedures delivered approximately 40% of revenue growth.
EOS imaging revenue exceeded $10 million.
Forward Guidance
The Company now expects total revenue for the fiscal year ended December 31, 2022, to approximate $316 million, reflecting growth of approximately 30% compared to the full year 2021. This includes organic revenue growth of 27% and approximately $47 million of revenue related to EOS imaging.
Positive Outlook
- Total revenue for fiscal year 2022 is expected to be approximately $316 million.
- Expected revenue reflects growth of approximately 30% compared to full year 2021.
- Organic revenue growth of 27% is anticipated.
- Approximately $47 million of revenue is expected from EOS imaging.
- Previous total revenue guidance was approximately $305 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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