Alphatec Hldgs Inc Stock Price, News & Analysis

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.

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.