ATEC Announces Preliminary Third Quarter 2023 Revenue Results and Raises Full-Year Revenue Guidance
16 Octobre 2023 - 3:00PM
Business Wire
Total revenue of $117.7 to $118.5 million
Total revenue growth of 31% to 32%
Full-year 2023 total revenue now expected to
approximate $472 million
Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative
solutions dedicated to revolutionizing the approach to spine
surgery, announced today select preliminary financial results for
the third quarter ended September 30, 2023, and updated full-year
2023 revenue guidance ahead of investor meetings scheduled during
the 2023 North American Spine Society (NASS) Annual Meeting.
Preliminary Third Quarter 2023 Revenue Ranges
Quarter Ended September 30,
2023
Surgical Revenue
$103.3M to $103.9M
EOS Revenue
$14.3M to $14.5M
Total Revenue
$117.7M to $118.5M
May not foot due to rounding.
Continued strong momentum of ATEC lateral adoption fueled
preliminary, third quarter 2023 total revenue growth and surgical
revenue growth of 31% to 32%.
The Company now expects full-year 2023 revenue to approximate
$472 million compared to the previous expectation of $462
million.
The select preliminary financial results announced today are
based on the Company’s current expectations and may be adjusted as
a result of, among other things, completion of customary
quarter-end close review procedures and further financial
review.
Innovation Update for Investors
The Company will host a technology-focused meeting for investors
on October 18, 2023 from 7:30am to 9:00am PT at the JW Marriott Los
Angeles. RSVP here if you plan to join the event in person. A
webcast will be also available for those unable to attend - RSVP
here to receive webcast access details.
Date and Access Details for Third Quarter Financial
Results
The Company expects to announce third quarter 2023 financial and
operating results on November 6, 2023, after the market close. The
Company will host a live webcast that day at 1:30 p.m. PT / 4:30
p.m. ET.
Webcast
To access the live webcast, please visit the Investor Relations
Section of ATEC’s Corporate Website.
Dial-in
To dial into the live webcast, please register at this link.
Access details will be shared via email.
Replay
A replay of the webcast will remain available through the
Investor Relations Section of ATEC’s Corporate Website for twelve
months. In addition, a dial-in replay will be available through
November 13, 2023. Access the replay by dialing (800) 770-2030 and
referencing conference ID number 97241.
About ATEC
ATEC, through its wholly owned subsidiaries, Alphatec Spine,
Inc., EOS imaging S.A.S. and SafeOp Surgical, Inc., is a medical
device company dedicated to revolutionizing the approach to spine
surgery through clinical distinction. ATEC’s Organic Innovation
MachineTM is focused on developing new approaches that integrate
seamlessly with the Company’s expanding AlphaInformatiX Platform to
better inform surgery and more safely and reproducibly achieve the
goals of spine surgery. ATEC’s vision is to be the Standard Bearer
in Spine. For more information, visit us at www.atecspine.com.
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainty. Such statements are based on
management's current expectations and are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from those described therein. Forward-looking statements
include references to the Company’s expectations with respect to
future revenue and growth. The important factors that could cause
actual operating results to differ significantly from those
expressed or implied by such forward-looking statements include,
but are not limited to: failure to achieve acceptance of the
Company’s products by the surgeon community and changes to our
financial results for the quarter ended September 30, 2023 due to
the completion of financial closing procedures. The words
“believe,” “will,” “should,” “expect,” “intend,” “estimate,” “look
forward” and “anticipate,” and variations of such words and similar
expressions identify forward-looking statements, but their absence
does not mean that a statement is not a forward-looking statement.
A further list and description of these and other factors, risks
and uncertainties can be found in the Company's most recent annual
report, and any subsequent quarterly and current reports, filed
with the Securities and Exchange Commission. ATEC disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise, unless required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231016763222/en/
Investor/Media Contact: Tina Jacobsen, CFA Investor
Relations (760) 494-6790 investorrelations@atecspine.com
Company Contact: J. Todd Koning Chief Financial Officer
Alphatec Holdings, Inc. investorrelations@atecspine.com
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