Alphatec Holdings, Inc. (ATEC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to the webcast of ATEC's First Quarter Financial Results. We would like to remind everyone that participants on the call will make forward looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC. During this call, you may hear the company refer to non GAAP or adjusted measures. Reconciliation of these measures to US GAAP can be found in the supplemental financial tables included in today's press release, which identify and quantify all excluded items and provide management's view of why this information is useful to investors. Sell side analysts planning to ask a question must be registered through the dedicated analyst link included in today's materials. If you have not yet registered, please do so now to be included in the q and a queue. Leading today's call will be the ATEC's Chairman and CEO, Pat Miles, and CFO, Todd Koning. Now I will turn the call over to Pat Miles. Thanks, Paige. Appreciate it. Welcome to the Q1 twenty twenty six financial results call from ATEC. There will be some forward looking statements, so please review at your leisure. With that, let me start simple. The business is working and it's scaling. We did $192,000,000 in Q1. This was short of our internal expectation, primarily due to a shortfall in EO sales performance. Surgical revenue was up 17%, mostly in line with consensus. What matters most is what is fueling that growth. Cases up 21%, surgeons up 23%. That's not only a utilization story, it's an adoption story. We are adding surgeons and they're doing more with us. We have created a durable growth model. EOS revenue was $14,...