Alphatec Q2 revenue up 88%: 4 details

Spinal Tech

Alphatec reported 88.2 percent to 90.2 percent year-over-year revenue growth in the second quarter on July 12.

Four details:

1. In a preliminary quarterly financial report, Alphatec said overall second-quarter revenue is $55.8 million to $56.4 million, excluding its June 7 acquisition of Eos imaging.

2. U.S. revenue jumped 92.1 percent to 94. 2 percent during the quarter, hitting $55.4 million to $56 million, without factoring in the Eos imaging transaction.

3. Alphatec had at least $74 million total cash on hand as of June 30 and $40 million in available borrowings under existing term loans.

4. Pat Miles, Alphatec CEO, projected U.S. organic revenue growth exceeding 50 percent in 2021. The company will release updated full-year guidance, with its Eos imaging acquisition factored in, Aug. 3.

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