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Alphatec

Alphatec rises despite missed Q4 projections

March 2, 2022 By Sean Whooley

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 […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Orthopedics, Spine, Wall Street Beat Tagged With: Alphatec

Court denies injuction in Medtronic’s non-compete suit against former Medicrea CEO

September 14, 2021 By Chris Newmarker

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 […]

Filed Under: Featured, Imaging, Legal News, Orthopedics, Spine Tagged With: Alphatec, Medicrea, Medtronic

Alphatec posts mixed-bag Q2 results, sales up 110%

August 4, 2021 By Danielle Kirsh

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 […]

Filed Under: MassDevice Earnings Roundup, Orthopedics, Spine, Surgical, Wall Street Beat Tagged With: Alphatec

Alphatec sales up 46% in Q1

May 7, 2021 By Danielle Kirsh

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¢ […]

Filed Under: MassDevice Earnings Roundup, Orthopedics, Spine, Wall Street Beat Tagged With: Alphatec

Alphatec to run new distribution center out of Tennessee

March 23, 2021 By Chris Newmarker

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 […]

Filed Under: Distribution, Featured, Orthopedics, Spine Tagged With: Alphatec

Alphatec posts mixed-bag Q4 results

March 5, 2021 By Danielle Kirsh

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 […]

Filed Under: Orthopedics Tagged With: Alphatec

Alphatec raises $30M

January 4, 2021 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Orthopedics, Spine, Surgical Tagged With: Alphatec

Alphatec launches InVictus MIS Tower fixation percutaneous system

October 20, 2020 By Danielle Kirsh

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 […]

Filed Under: Orthopedics Tagged With: Alphatec

Alphatec prices $100M public offering

October 14, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Orthopedics, Spine, Surgical Tagged With: Alphatec

Alphatec calls off EOS Imaging buy due to COVID-19 uncertainty

April 27, 2020 By Danielle Kirsh

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 […]

Filed Under: Featured, Mergers & Acquisitions, Orthopedics Tagged With: Alphatec, coronavirus, COVID-19, Eos Imaging

Alphatec posts wider-than-forecast losses in Q4 results

March 6, 2020 By Danielle Kirsh

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 […]

Filed Under: Orthopedics, Wall Street Beat Tagged With: Alphatec

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