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
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 […]
Alphatec launches InVictus MIS Tower fixation percutaneous system
Alphatec (NSDQ:ATEC) this week announced that it commercially launched its InVictus MIS Tower as part of its minimally invasive percutaneous fixation platform. InVictus is a comprehensive spinal fixation platform that is designed to treat a range of pathologies with intraoperative adaptability and surgical predictability in an open, minimally invasive or hybrid approach. “The novel components designed […]
Alphatec prices $100M public offering
Alphatec (NSDQ:ATEC) announced that it priced an underwritten public offering worth approximately $100 million. Carlsbad, Calif.-based Alphatec is offering more than 11.4 million shares of its common stock at a public offering price of $8.75 per share to total about $100 million, according to a news release. The spine surgery solution developer also granted underwriters a […]
