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Sep 30, 2023
Alphatec Q3 2023 Earnings Report
ATEC's Q3 2023 financial results were reported, showcasing significant revenue growth and positive adjusted EBITDA.
Key Takeaways
Alphatec Holdings, Inc. reported a 32% increase in total revenue, reaching $118 million for Q3 2023. Surgical revenue also grew by 32% to $104 million, and EOS revenue increased by 30% to $14 million. The company achieved positive adjusted EBITDA of over $2 million.
Total revenue increased by 32% to $118 million.
Surgical revenue grew by 32% reaching $104 million.
EOS revenue increased by 30% to $14 million.
Achieved positive adjusted EBITDA of over $2 million.
Revenue by Segment
Forward Guidance
The Company continues to expect total revenue to grow 35% to $472 million for the fiscal year ended December 31, 2023. The Company now expects non-GAAP adjusted EBITDA of approximately $3 million for the full year 2023.
Positive Outlook
- Total revenue is expected to grow 35% to $472 million.
- Surgical revenue is expected to be $414 million.
- EOS revenue is expected to be $58 million.
- Non-GAAP adjusted EBITDA is expected to be approximately $3 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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