Alphatec Hldgs Inc Stock Price, News & Analysis

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.

Alphatec Holdings, Inc. (ATEC) announced that CFO Jeff Black will present at the H.C. Wainwright BioConnect 2021 Conference from January 11-14, 2021. The pre-recorded presentation will be available on demand for 90 days starting January 11 at 6 A.M. ET. Interested viewers can access it via this link. ATEC focuses on innovative spine surgery solutions and aims to become the standard bearer in the industry.

Alphatec Holdings, Inc. (ATEC) has announced its agreement to acquire EOS imaging, SA for $79.7 million plus $37.2 million in debt. This all-cash deal aims to enhance ATEC's clinical performance and revenue growth by integrating EOS' advanced imaging technology with its AlphaInformatiX platform. The acquisition is expected to expand ATEC's market penetration and accelerate global growth, providing immediate access to EOS' 380-unit installed base. The deal has been approved by both companies' boards and is predicted to be accretive to ATEC's revenue and free cash flow in its first year post-closure.

Alphatec Holdings, Inc. (ATEC) announced its participation in several upcoming investor conferences, including the Stifel Healthcare Conference on November 18, 2020, and the Canaccord Genuity Medical Technologies Forum on November 19, 2020. CEO Pat Miles and CFO Jeff Black will attend, engaging with registered investors. A live audio webcast of their presentations will be available on the company's Investor Relations page, with recordings accessible for 90 days. ATEC is dedicated to advancing spine surgery solutions through innovative medical devices and technology.

Alphatec Holdings (ATEC) reported a 43% year-over-year revenue growth, totaling $41.2 million for Q3 2020, marking the eighth consecutive quarter of double-digit growth. U.S. revenue reached $40.1 million, with a gross margin of 72.9%. The company successfully closed a follow-on offering generating $107.7 million to support growth initiatives. ATEC anticipates full-year 2020 revenue between $143.5 million and $146.0 million, with expected 25% growth in U.S. revenue for 2021, despite potential impacts from COVID-19.

Alphatec Holdings (ATEC) announced the launch of the InVictus™ MIS Tower system, enhancing minimally invasive spinal surgery options. This advanced fixation platform aims to treat complex pathologies with improved surgical adaptability. The InVictus Tower features innovative components such as low-profile removable towers and integrates with the SafeOp™ Neural InformatiX System for real-time nerve monitoring. CEO Pat Miles emphasized the commitment to developing solutions that enhance surgical outcomes, aiming for increased adoption and loyalty among surgeons.