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Dec 31, 2019
Alphatec Q4 2019 Earnings Report
ATEC reported strong execution for the fourth quarter and full year 2019.
Key Takeaways
Alphatec Holdings, Inc. reported financial results for the fourth quarter and full year ended December 31, 2019. U.S. revenue grew nearly 30% year-over-year for the full year and 35% year-over-year in the fourth quarter.
U.S. Revenue Grew Nearly 30% Year-Over-Year for the Full Year
U.S. Revenue Grew 35% Year-Over-Year in the Fourth Quarter
Increased the percent of revenue driven by new products to 48% in the fourth quarter of 2019
Grew revenue per case by over 20% year-over-year in the fourth quarter 2019
Forward Guidance
ATEC expects total 2020 revenue between $130.0 million and $134.0 million, with expected U.S. product revenue between $128.0 and $131.0 million.
Positive Outlook
- Total 2020 revenue between $130.0 million and $134.0 million
- U.S. product revenue between $128.0 and $131.0 million
- U.S. revenue growth of 19% to 21% compared to 2019
- Update guidance to reflect the impact of the proposed acquisition of EOS when the transaction closes
- The transaction is expected in the third quarter of 2020
Historical Earnings Impact
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Avg. Return Before/After Earnings
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