Loading...
•
Jun 30, 2020
Alphatec Q2 2020 Earnings Report
ATEC reported financial results for the second quarter ended June 30, 2020.
Key Takeaways
Alphatec Holdings reported a total revenue of $29.6 million for Q2 2020, with U.S. revenue reaching $28.8 million, an 11% increase year-over-year. The U.S. gross margin was 72.3%, and the company's cash and cash equivalents totaled $31.2 million as of June 30, 2020.
U.S. revenue grew by 11% year-over-year.
The U.S. gross margin was 72.3%.
Cash and cash equivalents totaled $31.2 million as of June 30, 2020.
New products contributed 61% of Q2 U.S. revenue, up from 32% in Q2 2019.
Forward Guidance
ATEC suspended its previously announced 2020 revenue guidance on April 8, 2020, due to the impact of hospitals globally postponing elective procedures to preserve capacity for COVID-19 patients.
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...