Loading...
•
Sep 30, 2022
Alphatec Q3 2022 Earnings Report
Reported a revenue increase of 43% and significant improvement in adjusted EBITDA.
Key Takeaways
Alphatec Holdings, Inc. reported a 43% increase in total revenue to $90 million for the third quarter of 2022. The company also saw a 53% growth in surgical revenue and $11 million in EOS revenue. There was also a significant improvement in adjusted EBITDA year-over-year and sequentially.
Total revenue grew 43% to $90 million, including surgical revenue growth of 53%.
EOS revenue reached $11 million.
Surgical volume increased by 32% and user base grew by 22% compared to the prior year.
Adjusted EBITDA margin increased by approximately 870 basis points compared to prior year and approximately 290 basis points sequentially.
Forward Guidance
The Company expects total revenue of $340 million for the fiscal year ended December 31, 2022, in line with the 40% full-year growth rate previewed in conjunction with the release of preliminary third quarter financial results. This includes surgical revenue growth of approximately 39% and $46 million of EOS revenue.
Positive Outlook
- Total revenue expected to be $340 million for the full year 2022.
- Full-year growth rate is expected to be 40%.
- Surgical revenue growth is expected to be approximately 39%.
- EOS revenue is expected to be $46 million.
- Company is executing on innovation and financial commitments.
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...