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Alphatec Holdings, Inc. develops medical technology for spine surgery, with a business centered on procedural spine solutions, surgical instrumentation, imaging, navigation and informatics. Company updates commonly address surgical revenue trends, EOS revenue, surgeon adoption, product launches such as Valence and EOS Insight, and the continued development of its InformatiX platform through subsidiaries including Alphatec Spine, EOS imaging and SafeOp Surgical.
Recurring developments also include financing actions, credit-facility activity, strategic partnerships tied to spinal fusion and regenerative technology, profitability metrics and annual outlook updates. Governance items, including board composition changes, appear alongside operating results and capital-structure announcements.
Alphatec Holdings, Inc. (ATEC) reported preliminary financial results for Q3 2020, forecasting a U.S. revenue increase of 41% to 43% compared to Q3 2019, with total revenue between $40.7 million and $41.1 million. This marks the eighth consecutive quarter of double-digit growth, driven by new product adoption and the SafeOp neuromonitoring system, which accounted for over 70% of revenue. Despite growth, the company anticipates an operating loss of $12.0 million to $13.5 million. ATEC had approximately $41 million in cash as of September 30, 2020.
Alphatec Holdings, Inc. (ATEC) announced the launch of the Sigma TLIF Access System and InVictus Modular Pedicle Screw, aimed at enhancing the transforaminal lumbar interbody fusion (TLIF) clinical experience. These innovations integrate with the SafeOp Neural InformatiX system for a comprehensive spinal surgery approach. The Sigma TLIF Access System improves visualization and reproducibility of minimally invasive surgeries, while the InVictus system enhances fixation reliability. Both systems will be showcased at the virtual North American Spine Society meeting.
Alphatec Holdings, Inc. (ATEC) has successfully performed over 500 prone transpsoas (PTP™) surgeries across the U.S., signaling a substantial advancement in spine surgery techniques. This new procedure streamlines surgical processes, enhancing operational efficiency and achieving improved spinal alignment. ATEC is set to commercially launch the PTP procedure in early Q4 2020. Key innovations include the PTP Patient Positioning System and other integrated tools, which collectively address challenges in lateral spine fusion and enhance predictability for surgeons.
Alphatec Holdings, Inc. (ATEC) announced that CEO Pat Miles will participate in virtual fireside chats at Morgan Stanley's Global Healthcare Conference on September 18, 2020, and Lake Street Capital Markets' Best Ideas Growth Conference on September 17, 2020. CFO Jeff Black will present at the H.C. Wainwright Annual Healthcare Conference on September 15, 2020. Live audio webcasts of the presentations and materials will be available on the investor relations page of ATEC's website. This initiative showcases ATEC's commitment to innovation in spine surgery and enhancing patient safety.
Alphatec Holdings (ATEC) announced that CEO Pat Miles will present at the 40th Annual Canaccord Growth Conference on August 12, 2020, at 1 PM EDT. The presentation will be virtual, and management will hold one-on-one meetings with registered investors. A live audio webcast of the presentation, along with presentation materials, will be accessible on the company's Investor Relations page. The webcast will be archived for 90 days post-conference. ATEC focuses on innovative spine surgery solutions, leveraging technologies like the SafeOp Neural InformatiX System for enhanced surgical safety.
Alphatec Holdings, Inc. (ATEC) announced the release of its second-quarter financial results on August 6, 2020, after market close. A live webcast presentation of the results will follow at 1:30 PM PT / 4:30 PM ET, accessible via their corporate website. A replay will be available until the third-quarter release date. ATEC specializes in spine surgery solutions, aiming to enhance the safety and efficiency of procedures through its innovative technology and systems. This announcement reflects ATEC's commitment to transparency and investor communication.
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