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 company reported losses of -$38.2 million, or -39¢ per share, on sales of $62.2 million for the three months ended June 30 for a sales growth of 110.09% compared with Q2 2020. […]
Alphatec
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 […]
Alphatec calls off EOS Imaging buy due to COVID-19 uncertainty
Alphatec today said it terminated a tender offer agreement with EOS Imaging. Carlsbad, Calif.-based Alphatec announced on Feb. 26 that it would acquire EOS Imaging for up to $88 million, plus debt retirement of $33.9 million in a combination of cash and equity. The company retracted its agreement following an analysis of the ongoing market […]
Alphatec posts wider-than-forecast losses in Q4 results
Alphatec (NSDQ:ATEC) this week posted fourth-quarter results that beat the revenue consensus forecast on Wall Street but missed on earnings. The Carlsbad, Calif.-based company reported losses of $17 million, or -28¢ per share, on sales of $32.4 million for the three months ended Dec. 31, 2019, for a bottom-line sales loss of -71.4% compared with Q4 […]
Alphatec to purchase EOS Imaging
Alphatec (NSDQ:ATEC) today said it would acquire EOS Imaging for $88 million, plus debt retirement of $33.9 million. EOS Imaging develops rapid, low dose, biplanar, full-body imaging and 3D modeling capabilities. It captures a calibrated, full-body image in a standing position, offering precise measurement of anatomical angles and dimensions. “This is a monumental transaction for ATEC,” […]
Alphatec CEO wins lawsuit against former employer NuVasive
Alphatec (NSDQ:ATEC) chairman & CEO Patrick Miles won summary judgment in a lawsuit filed by his former employer, NuVasive (NSDQ:NUVA), over his employment contract. Miles was chief operating officer of NuVasive when he left that company in October 2017 to take the reins at Alphatec. NuVasive sued Miles a week later, claiming that he enacted […]
