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Jun 30, 2023
Alphatec Q2 2023 Earnings Report
ATEC reported second quarter 2023 financial results and raised full year 2023 revenue and adjusted EBITDA guidance.
Key Takeaways
Alphatec Holdings, Inc. reported a 39% increase in total revenue to $117 million for the second quarter of 2023. Surgical revenue grew by 41% to $102 million, and EOS revenue increased by 24% to $15 million. The company also delivered positive adjusted EBITDA of over $1 million.
Total revenue grew 39% to $117 million.
Surgical revenue grew 41% to $102 million.
EOS revenue grew 24% to $15 million.
Adjusted EBITDA was positive at over $1 million.
Forward Guidance
The Company now expects total revenue to grow 32% to $462 million for the fiscal year ended December 31, 2023. This includes surgical revenue growth of approximately 33% and $58 million of EOS revenue. The Company also now expects non-GAAP adjusted EBITDA of approximately $2 million for the full year 2023.
Positive Outlook
- Total revenue expected to grow 32% to $462 million for fiscal year 2023.
- Surgical revenue growth of approximately 33% expected.
- $58 million of EOS revenue expected.
- Non-GAAP adjusted EBITDA of approximately $2 million expected for full year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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