Alphatec reports $25M+ in 2017 revenue — 5 points

Written by Megan Wood | January 08, 2018 | Print  |

Alphatec reported its financial results for the fourth quarter and full year of 2017.

Here are five points:

 

1. Alphatec's fourth quarter 2017 revenue is expected to be between $25.9 million and $26.3 million.

 

2. The fourth quarter 2017 U.S. commercial revenue will likely land between $20.8 million and $21 million.

 

3. Full-year 2017 revenue will likely reach around $101.4 million to $101.8 million, with U.S. commercial revenue hitting between $86.8 million and $87 million.

 

4. Alphatec ended 2017 with a case balance of $22.5 million.

 

5. In December, the company made $4 million in cash proceeds via financial commitments from Patrick Miles and Quentin Blackford.

 

The company also unveiled new executive leaders:

• Lance DeNardin as area vice president, West
• Michael Dendinger as VP of operations
• Scott Lish as VP of Development

 

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