Alphatec Hldgs Inc Stock Price, News & Analysis

Alphatec Holdings (ATEC) reports a strong start to 2021 with U.S. revenue growth of approximately 50% in Q1 compared to the previous year. The company anticipates annual growth exceeding 30%. ATEC's public tender offer for EOS imaging has been approved by French regulators, allowing ATEC to acquire EOS for around $117 million. The company has appointed J. Todd Koning as the new CFO, succeeding Jeffrey Black who is transitioning out. ATEC is focused on enhancing spine surgery and expects to release detailed Q1 financial results on May 6, 2021.

Alphatec Holdings, Inc. (ATEC) announced that Pat Miles, CEO, will present virtually at the 20th Annual Needham Healthcare Conference on April 13, 2021, at 10:30 am PT. The presentation will be accessible via a webcast on the company's Investor Relations website, and a replay will be available for 90 days. ATEC focuses on innovative spine surgery solutions through its subsidiaries, including Alphatec Spine, Inc. and SafeOp Surgical, Inc., aiming to revolutionize spine surgery.

Alphatec Holdings, Inc. (ATEC) announced plans to lease a 75,000 square foot facility in Memphis, Tennessee, to support its distribution operations. Set to open in July 2021, the new facility will enable faster access to ensure surgical support as the company grows. This central location will help ATEC meet rising demand for its spine surgery solutions. Company leaders highlighted their commitment to efficiency and quality customer service. Memphis officials praised ATEC's move, emphasizing the region’s status as a hub for medical device innovation.

Alphatec Holdings (ATEC) has launched the InVictus Occipital-Cervical-Thoracic (OCT) Spinal Fixation System, extending its capabilities for spine surgeries from occiput to ilium. Achieving this within two years demonstrates ATEC's innovative strength. The InVictus OCT system features advanced technology to improve surgical procedures, including compatibility with existing systems like SafeOp Neural InformatiX. This launch positions ATEC as a leader in spinal solutions, enhancing predictability and adaptability for complex surgical requirements.

Alphatec Holdings reported a 38% revenue growth in Q4 2020, totaling $44.0 million, with full-year revenues reaching $144.9 million. The company's U.S. revenue contributed $43.1 million in Q4, driven by new product adoption. However, operating losses increased to $17.0 million for Q4. The company is targeting $178 million in total revenue for 2021, a 25% increase, despite potential pandemic impacts. A planned acquisition of EOS imaging is set to enhance clinical capabilities and was financed through a recent $138 million private placement.

Alphatec Holdings, Inc. (ATEC), based in Carlsbad, California, will participate in several upcoming investor conferences. Pat Miles, CEO, will engage in a fireside chat at the Cowen Healthcare Conference on March 1, 2021. CFO Jeff Black will present at the H.C. Wainwright Global Life Sciences Conference, available starting March 9, 2021. Miles will also speak at the Credit Suisse First Boston Bus Tour on March 22, 2021. Webcasts of these presentations will be accessible on the Investor Relations section of their website for 90 days following the events.

Alphatec Holdings, Inc. (ATEC) plans to announce its fourth quarter and full year 2020 financial results on March 4, 2021, after market close. The company will host a live webcast at 1:30 p.m. PT / 4:30 p.m. ET for investors. Interested participants should access the webcast via the Investor Relations section on ATEC's corporate website at least 15 minutes early. A replay of the webcast will be available for twelve months, while an audiocast replay will be accessible until April 11, 2021.

Alphatec Holdings, Inc. (ATEC) has announced the relocation to a new headquarters in Carlsbad, California, designed to enhance innovation and productivity. The 120,000 square-foot facility includes a seven-station cadaveric lab and advanced machining and biomechanical labs. The CEO emphasized that the facility is crucial for meeting training demands and fostering collaboration with surgeons. Currently employing around 300 people, ATEC plans to significantly increase its workforce in the coming years. This move is expected to support the company's growth and commitment to revolutionizing spine surgery.

Alphatec Holdings, Inc. (ATEC) reported strong preliminary revenue results for 2020 despite COVID-19 impacts. U.S. revenue for Q4 2020 surged by over 38% year-over-year, reaching approximately $43.0 million to $43.3 million, contributing to a full-year revenue of $141.0 million to $141.3 million, reflecting a growth of 30% to 31%. The company anticipates total revenue for 2021 to reach around $178 million, driven by continued product launches. However, future results may be influenced by ongoing pandemic effects on elective surgeries. Full financial results will be released on March 4, 2021.