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.
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.
Analyze how earnings announcements historically affect stock price performance