Alphatec this week announced it appointed Dave Demski and Keith Valentine to its board. Demski is the former director and CEO of Globus Medical, which completed its merger with NuVasive in September. He was appointed as an independent director to Alphatec’s board. Valentine is the former CEO of Orthofix, and will become a special advisor […]
Alphatec
Alphatec plans launch of Calibrate LTX lateral expandable implant
Alphatec this week announced plans to launch the Calibrate LTX lateral expandable implant system at the 2023 NASS Annual meeting, taking place at the Los Angeles Convention Center, October 18-21. Carlsbad, California-based Alphatec designed the system to better achieve alignment goals with precise lordosis control and disc height restoration. “ATEC is uniquely dedicated to improving […]
Alphatec acquires robotic navigation platform, expects 2023 revenue to grow 52%
Alphatec (Nasdaq:ATEC) today announced that it acquired all assets related to the REMI robotic navigation system from Fusion Robotics. The purchase price for the acquisition totals $55 million. REMI, a robotic-enabled minimally invasive system integrates navigation and robotics into spine procedures. These procedures utilize either a 3D imaging scan or 2D fluoroscopic images of the […]
Alphatec stock is up on 36% sales growth in Q2
Alphatec (NSDQ:ATEC) shares rose today on second-quarter results that were mixed compared to the consensus forecast. The Carlsbad, California–based spine surgery device company posted losses of $37.3 million, or 36¢ per share, on sales of $84.2 million for the three months ended June 30, 2022, for a nearly $1 million bottom-line gain despite remaining in […]
Alphatec rises despite missed Q4 projections
Alphatec (NSDQ:ATEC) shares ticked up today on fourth-quarter results that came up shy of the consensus forecast. The Carlsbad, California–based spine surgery device company posted losses of $40.2 million, or 40¢ per share, on sales of $73.92 million for the three months ended Dec. 31, 2021, for a bottom-line slide deeper into the red on […]
Court denies injuction in Medtronic’s non-compete suit against former Medicrea CEO
A federal court in New York has denied Medtronic a preliminary injunction in its non-compete-agreement lawsuit against former Medicrea CEO Joseph Walland. Judge Edgardo Ramos of the U.S. District Court of Southern New York, in a Sept. 10 order, ruled that the agreement between Walland and Medtronic was covered by the law in California, where […]
Alphatec posts mixed-bag Q2 results, sales up 110%
Alphatec (Nasdaq: ATEC) today posted second-quarter results today that beat the revenue consensus on Wall Street but missed on earnings estimates. The Carlsbad, Calif.-based spine surgery device company reported losses of -$38.2 million, or -39¢ per share, on sales of $62.2 million for the three months ended June 30, with sales growth of 110.09% compared with […]
Alphatec sales up 46% in Q1
Alphatec (Nasdaq: ATEC) posted first-quarter results yesterday that missed the earnings consensus on Wall Street and matched on revenue estimates. The Carlsbad, Calif.-based company yesterday evening reported losses of -$22.9 million, or -26¢ per share, on sales of $44.12 million for the three months ended March 31 — versus a loss of –$20.7 million, or –34¢ […]
Alphatec to run new distribution center out of Tennessee
Alphatec (Nasdaq: ATEC) announced today that it will lease a 75,000 ft2 facility in Memphis, Tenn. to house its primary distribution operations. The spine surgery tech company plans to open the new distribution facility in July and aggressively ramp up operations in the Home of the Blues in coming years. ATEC’s Carlsbad, Calif. headquarters will continue […]
Alphatec posts mixed-bag Q4 results
Alphatec (NSDQ:ATEC) posted fourth-quarter results that beat the revenue consensus on Wall Street but missed on earnings. The Carlsbad, Calif.-based company reported losses of -$26.8 million, or -35¢ per share, on sales of $43.9 million for the three months ended Dec. 31, 2020, for a sales growth of 35.9% compared with Q4 2019. Earnings per share […]
Alphatec raises $30M
Alphatec (NSDQ:ATEC) filed an SEC Form D to confirm the sale of $30 million in an equity offering worth nearly $170 million. The new notice offering of equity, which made its first sale on Dec. 18, 2020, has received investments from six participants so far. The company does not intend for the offering of about $168 […]