Alphatec Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Alphatec Holdings (NASDAQ:ATEC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$150.7m (up 27% from 3Q 2023).
• Net loss: US$39.6m (loss narrowed by 7.1% from 3Q 2023).
• US$0.28 loss per share (improved from US$0.35 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphatec Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 54% 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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