NASDAQ$ATEC

Alphatec Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

ATEC reported third quarter 2020 financial results, marking the eighth consecutive quarter of double-digit revenue growth and a 43% increase in U.S. revenue.

Alphatec Holdings, Inc. reported a total revenue of $41.2 million for Q3 2020, with U.S. revenue contributing $40.1 million, representing a 43% year-over-year increase. The U.S. gross margin was 72.9%, and the company's cash and cash equivalents stood at $15.7 million as of September 30, 2020.

  • Total revenue reached $41.2 million, with U.S. revenue at $40.1 million, a 43% increase year-over-year.
  • U.S. gross margin was reported at 72.9%.
  • Cash and cash equivalents totaled $15.7 million as of September 30, 2020.
  • U.S. revenue from new products increased to over 70% of Q3 U.S. revenue, up from 42% in Q3 2019.

Headline financials

Total Revenue

$41.2M

Previous: $29.2M+41.0%
EPS (adj)

-$0.24

Previous: -$0.26+7.7%
Capital Expenditures

-$12.9M

Previous: -$10.4M-23.3%
Free Cash Flow

-$28.5M

Previous: -$25M-14.1%
Net Income

-$15.7M

Previous: -$14.6M-7.6%
Operating Income

-$12.9M

Previous: -$11.6M-10.9%
Gross Profit

$29.2M

Previous: $19.9M+46.7%
Cash & Equivalents

$15.7M

Previous: $57.8M-72.9%
Total Assets

$155M

Previous: $178M-13.2%

Revenue & EPS history

Alphatec · Revenue · Quarterly

$41.2M

Q3 2020+41%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Alphatec · $104M total across 1 segment · Q3 2023

  • Surgical Revenue
    $104M

Forward guidance

ATEC anticipates full year 2020 revenue will range between $143.5 million and $146.0 million, which includes U.S. revenue between $140.0 million and $142.0 million and international revenue between $3.5 million and $4.0 million. ATEC also expects U.S. revenue growth of approximately 25% for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-1.5%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.1%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+44.8%

Q3 2024

Best reaction

-43.2%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-27.1%-23.3%
Q4 2025+0.5%-3.3%-21.5%
Q3 2025-0.8%+17.8%+36.7%
Q1 2025+2.4%+2.2%+2.2%
Q4 2024+9.6%+6.1%-7.9%
Q3 2024+44.8%+54.2%+93.4%
Q2 2024-32.8%-33.7%-30.2%
Q1 2024-20.2%-13.3%-22.7%
Q4 2023-7.4%-11.1%-8.6%
Q3 2023+4.7%-1.5%+20.8%
Q2 2023-7.1%-10.4%-5.2%
Q1 2023+3.1%+3.8%+4.5%
Q4 2022+1.6%+7.9%+6.3%
Q3 2022-1.5%-1.4%+9.5%
Q2 2022-0.2%-3.8%-10.9%
Q1 2022-16.1%-27.7%-34.0%
Q4 2021+3.1%+3.4%+4.4%
Q3 2021-2.2%-8.2%-18.7%
Q2 2021+2.4%-5.8%-0.2%
Q1 2021-2.0%-9.1%-8.3%
Q4 2020-7.6%+4.2%-2.1%
Q3 2020+9.4%+4.7%+22.1%
Q2 2020+21.8%+5.6%+3.1%
Q1 2020-8.0%-13.9%+5.7%
Q4 2019-8.4%-20.8%-47.2%
Q3 2019+15.2%+16.1%+18.1%
Q2 2019+9.3%+8.5%+26.2%
Q1 2019+5.4%+15.8%+8.8%
Q4 2018+14.7%+16.6%+22.1%
Q3 2018-1.7%-5.6%-13.5%
Q2 2018+4.7%+15.0%+28.1%
Q1 2018-2.0%-0.9%-1.1%
Q4 2017+0.9%-5.0%+1.2%
Q3 2017-0.8%-0.6%-30.5%
Q2 2017+2.4%+2.4%+40.2%
Q1 2017+1.9%+0.0%-4.8%
Q4 2016-16.0%-27.0%-45.8%
Q3 2016-15.8%-8.0%-12.8%
Q2 2016+2.5%+0.0%-6.5%
Q1 2016-11.8%
Q4 2015-13.8%
Q3 2015+5.8%
Q2 2015-42.6%
Q1 2015+1.4%
Q4 2014+7.4%
Q3 2014-0.7%
Q2 2014+0.0%
Q1 2014+2.3%
Q4 2013+22.3%
Q3 2013-0.5%
Q2 2013-3.9%
Q1 2013-3.2%
Q4 2012+2.6%
Q3 2012-1.8%
Q2 2012-2.5%
Q1 2012-7.4%
Q4 2011-0.5%
Q3 2011-5.6%
Q2 2011-10.4%
Q1 2011+3.7%
Q4 2010+0.4%
Q3 2010-9.6%
Q2 2010-43.2%
Q1 2010+6.9%

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