Business
ATEC Announces Select Preliminary Financial Results for 2024 and Provides 2025 Outlook
Full-year 2024 total revenue grew 27% to approximately $611 million Expect full-year 2025 total revenue of $732 million and positive free cash flow CARLSBAD,
About this update from Alphatec Holdings, Inc.
[{"type":"text","content":"\n\nFull-year 2024 total revenue grew 27% to approximately $611 million\n\n\n\nExpect full-year 2025 total revenue of $732 million and positive free cash flow\n\n\n\n CARLSBAD, Calif.--(BUSINESS WIRE)--\nAlphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today preliminary financial results for the fourth quarter and full-year ended December 31, 2024. The Company also provided a financial outlook for full-year 2025.\n\n\nPreliminary, Unaudited Fourth Quarter and Full-Year 2024 Revenue Ranges\n\n\n\n\n \n\n\n\n\n\n\n\nFourth Quarter Ended\n\n\n\n\nDecember 31, 2024\n\n\n\n\n\n\n\nFull-Year Ended\n\n\n\n\nDecember 31, 2024\n\n\n\n\n\n\n\n\nSurgical Revenue\n\n\n\n\n\n\n\n$155.6M to $156.6M\n\n\n\n\n\n\n\n$543.6M to $544.6M\n\n\n\n\n\n\n\n\nEOS Revenue\n\n\n\n\n\n\n\n$19.9M to $20.4M\n\n\n\n\n\n\n\n$66.7M to $67.2M\n\n\n\n\n\n\n\n\nTotal Revenue\n\n\n\n\n\n\n\n$175.5M to $177.0M\n\n\n\n\n\n\n\n$610.3M to $611.8M\n\n\n\n\n\n\n\n\nMay not foot due to rounding\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nPreliminary total revenue grew approximately 27% in the full-year 2024. Strong surgeon adoption drove full-year 2024 surgical revenue growth of 29% with surgical volume growth of 19% and average revenue per procedure growth of 8%. Revenue growth fueled continued profitability progress.\n\n\nPreliminary, Unaudited Year-End 2024 Cash Balance\n\n\nCash balance as of December 31, 2024, approximated $139 million, an increase of $58 million compared to third quarter 2024, inclusive of $50 million in proceeds related to the term loan expansion announced with the Company’s third quarter 2024 financial results.\n\n\n“Our dedication to revolutionizing spine surgery fueled another year of sector-leading growth and an inflection to profitability in 2024,” said Pat Miles, Chairman and Chief Executive Officer. “As we look to what is ahead, we know our best is yet to come. ATEC is uniquely applying 100% spine focus and industry-leading knowhow to avail more predictable, more durable spine care. That is generating distinction-driven demand with powerful momentum and the highly differentiated informatics integrated into ATEC approaches will sustain our competitive edge. We’re exceptionally well positioned to self-fund the strategy that will further our success.”\n\n\nT...