Alphatec posts Q3 loss — 6 insights

Spinal Tech

Alphatec posted a quarterly loss of $0.22 per share, but increased revenues to $29.2 million.

What you should know:

1. Alphatec's U.S. revenues were $28.1 million, up 34 percent year over year.

2. Operating expenses increased 33 percent to $31.5 million, up from $23.7 million year over year.

3. Alphatec posted a quarterly loss of $11.6 million, up from $7.53 million from the previous quarter last year.

4. The company's non-adjusted EBITDA was negative $3.2 million, compared to 2018's negative $1.4 million.

5. Despite the losses, Alphatec touted the closure of an equity offering and the launch of five new devices.

6. The company updated its full-year U.S. product revenue expectations to $105 million to $107 million from $100 million to $104 million.

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