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Jun 30, 2021
Alphatec Q2 2021 Earnings Report
ATEC's revenue increased significantly, driven by new product contributions and strategic distribution growth.
Key Takeaways
Alphatec Holdings, Inc. reported strong second-quarter results with a 93% organic revenue growth. The company's revenue reached $62.2 million, and new products contributed significantly to the revenue. The acquisition of EOS imaging, S.A. was completed, and integration has commenced.
Organic revenue growth accelerated to 93%.
Revenue 2-year CAGR of 46%.
New products accounted for 84% of revenue, up from 61% in Q2 2020.
Strategic distribution yielded 106% year-over-year organic revenue growth.
Forward Guidance
The Company now expects total revenue for the fiscal year ended December 31, 2021, to approximate $238 million, reflecting growth of approximately 64% compared to the prior full year.
Positive Outlook
- Total revenue for 2021 is expected to be approximately $238 million.
- Expected growth of approximately 64% compared to the prior full year.
- Organic revenue contribution of approximately $212 million.
- Organic revenue is expected to grow 50% compared to the prior full year.
- EOS imaging is anticipated to contribute about $25 million of revenue.
Challenges Ahead
- International supply agreement revenue contribution is expected to be $1 million.
- The international supply agreement will terminate on August 31, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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