Stock Analysis
- United States
- /
- Medical Equipment
- /
- NasdaqGS:ATEC
Alphatec Holdings Second Quarter 2024 Earnings: EPS Misses Expectations
Alphatec Holdings (NASDAQ:ATEC) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$145.6m (up 25% from 2Q 2023).
- Net loss: US$40.7m (loss narrowed by 21% from 2Q 2023).
- US$0.28 loss per share (improved from US$0.43 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alphatec Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 37% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Alphatec Holdings that you should be aware of.
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About NasdaqGS:ATEC
Alphatec Holdings
A medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders in the United States and internationally.