Alphatec Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 03:21 am IST
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Alphatec Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 118.26 million compared to USD 89.84 million a year ago. Net loss was USD 42.65 million compared to USD 36.79 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.35 a year ago.
For the nine months, revenue was USD 344.29 million compared to USD 244.92 million a year ago. Net loss was USD 137.56 million compared to USD 116.51 million a year ago. Basic loss per share from continuing operations was USD 1.18 compared to USD 1.14 a year ago.
Alphatec Holdings, Inc., through its wholly owned subsidiaries, Alphatec Spine, Inc., EOS imaging S.A.S. and SafeOp Surgical, Inc., is a medical device company. The Company is focused on the design, development, and advancement of technology for surgical treatment of spine disorders. It has a range of product portfolios designed to address the spine's various pathologies. Its AIX product platform comprises of its EOS imaging system and VEA alignment mobile application, its SafeOp Neural InformatiX System and Valence. The EOS imaging system is designed to provide calibrated full-body imaging that enables a three-dimensional (3D) model of patientsâ skeletal systems. It has developed a patient positioning systems that integrates with its other access systems, providing for a more rigid construct and enhanced reproducibility. It offers procedure-specific access systems, including its Sigma-ALIF Access System, which allows for custom anterior abdominal exposure.
ALPHATEC HOLDINGS, INC. 
