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Sep 30, 2020
Alphatec Q3 2020 Earnings Report
ATEC reported third quarter 2020 financial results, marking the eighth consecutive quarter of double-digit revenue growth and a 43% increase in U.S. revenue.
Key Takeaways
Alphatec Holdings, Inc. reported a total revenue of $41.2 million for Q3 2020, with U.S. revenue contributing $40.1 million, representing a 43% year-over-year increase. The U.S. gross margin was 72.9%, and the company's cash and cash equivalents stood at $15.7 million as of September 30, 2020.
Total revenue reached $41.2 million, with U.S. revenue at $40.1 million, a 43% increase year-over-year.
U.S. gross margin was reported at 72.9%.
Cash and cash equivalents totaled $15.7 million as of September 30, 2020.
U.S. revenue from new products increased to over 70% of Q3 U.S. revenue, up from 42% in Q3 2019.
Forward Guidance
ATEC anticipates full year 2020 revenue will range between $143.5 million and $146.0 million, which includes U.S. revenue between $140.0 million and $142.0 million and international revenue between $3.5 million and $4.0 million. ATEC also expects U.S. revenue growth of approximately 25% for the full year 2021.
Historical Earnings Impact
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