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Alphatec Holdings (ATEC)
NASDAQ:ATEC
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.05Last Year’s EPS
-$0.11Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 66.37%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong picture of growth and financial improvements, with significant revenue increases and positive momentum in surgical and EOS segments. However, challenges such as gross margin pressure and high debt levels persist. Overall, the positive aspects of growth and improved profitability outweigh these challenges.Company Guidance
During the ATEC Q3 2024 earnings call, management provided optimistic guidance based on strong performance metrics. ATEC reported a total revenue of $151 million, marking a 27% increase year-over-year, with surgical revenue growth at 30%. The company also highlighted a 20% increase in surgical volume and a 9% growth in revenue per procedure. The launch of EOS Insight and a record number of orders year-to-date were emphasized as significant achievements. ATEC's adjusted EBITDA reached $7.4 million, reflecting a 50% sequential reduction in cash burn, with a goal to generate cash by Q4 2024. The company increased its term loan capacity by $50 million and is aiming for a cash flow breakeven in 2025. Management reiterated its long-term financial targets, including $1 billion in revenue and $180 million in adjusted EBITDA by 2027, maintaining a focus on expanding sales force productivity and leveraging clinical innovation to sustain growth.Impressive Revenue Growth
ATEC reported total revenue of $151 million for Q3, representing a 27% increase year-over-year and a 4% sequential rise.
Surgical Revenue Surge
Surgical revenue reached $135 million, a 30% year-over-year growth, driven by a 20% increase in procedural volume and 9% growth in average revenue per procedure.
Record EOS Orders
Year-to-date EOS order volume has been the strongest ever, indicating positive momentum for Q4 and 2025.
Profitability Improvements
Adjusted EBITDA for Q3 was $7.4 million, marking the second consecutive quarter of positive adjusted EBITDA and a significant improvement from a loss of $400,000 in the prior year.
Cash Generation on Track
ATEC reduced cash burn by over 50% sequentially in Q3 and expects to generate positive cash flow in Q4 2024.
Strong Sales Force Expansion
Record EOS orders and new surgeon growth of 19% indicate expansion and acceptance of ATEC’s offerings.
Increased Financial Guidance
ATEC raised its full-year revenue growth guidance to 25%, expecting approximately $605 million in total revenue.
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ATEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $5.62 | $7.85 | +39.68% |
| Jul 31, 2024 | $10.10 | $6.64 | -34.26% |
| May 07, 2024 | $13.58 | $10.60 | -21.94% |
| Feb 27, 2024 | $15.34 | $13.98 | -8.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alphatec Holdings (ATEC) report earnings?
Alphatec Holdings (ATEC) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Alphatec Holdings (ATEC) earnings time?
Alphatec Holdings (ATEC) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATEC EPS forecast?
ATEC EPS forecast for the fiscal quarter 2024 (Q4) is -$0.05.
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