Alphatec sees 61% revenue jump, more surgeon adoption in Q1: 4 notes

Spinal Tech

Alphatec saw a revenue leap in the first quarter of 2022, according to financial results posted May 5.

Four things to know:

1. First quarter revenue of $71 million was a 61 percent increase year-over-year.

2. About 40 percent of revenue growth came from Alphatec's lateral spine surgery procedure products, including for the prone trans-psoas technique.

3. The company trained more than 100 surgeons, contributing to an 18 percent increase in surgeon users year-over-year.

4. Average revenue per surgery grew by 11 percent. Factors contributing to this growth include strong adoption of procedures with more complexity.

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