Alphatec reports $118M in Q3 revenue

Spine medtech company Alphatec recently reported $118 million in total revenue for the third quarter of 2023. 

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The company released its third quarter results Nov. 6.

Three notes on the company’s third quarter performance: 

1. Alphatec saw a 24% increase in surgical volume and a 6% increase in average revenue per procedure.

2. The company brought in $150 million in capital to increase investment in implants and instrument sets. 

3. The company reported an ending cash balance of $123 million.

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