NASDAQ$ATEC

Alphatec Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ATEC reported strong execution for the fourth quarter and full year 2019.

Alphatec Holdings, Inc. reported financial results for the fourth quarter and full year ended December 31, 2019. U.S. revenue grew nearly 30% year-over-year for the full year and 35% year-over-year in the fourth quarter.

  • U.S. Revenue Grew Nearly 30% Year-Over-Year for the Full Year
  • U.S. Revenue Grew 35% Year-Over-Year in the Fourth Quarter
  • Increased the percent of revenue driven by new products to 48% in the fourth quarter of 2019
  • Grew revenue per case by over 20% year-over-year in the fourth quarter 2019

Headline financials

Total Revenue

$32.4M

Previous: $25.3M+27.7%
EPS (adj)

-$0.18

Previous: -$0.23+21.7%
Net Income

-$17M

Previous: -$10.6M-60.2%
Operating Income

-$14.5M

Previous: -$7.7M-88.4%
Gross Profit

$22.2M

Previous: $16.6M+34.0%
Cash & Equivalents

$47.1M

Previous: $29.1M+62.2%
Total Assets

$170M

Previous: $129M+31.3%

Revenue & EPS history

Alphatec · Revenue · Quarterly

$32.4M

Q4 2019+27.7%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

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

  • Surgical Revenue
    $104M

Forward guidance

ATEC expects total 2020 revenue between $130.0 million and $134.0 million, with expected U.S. product revenue between $128.0 and $131.0 million.

Tailwinds

  • Total 2020 revenue between $130.0 million and $134.0 million
  • U.S. product revenue between $128.0 and $131.0 million
  • U.S. revenue growth of 19% to 21% compared to 2019
  • Update guidance to reflect the impact of the proposed acquisition of EOS when the transaction closes
  • The transaction is expected in the third quarter of 2020

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 Q4 2019

Historical avgQ4 2019

-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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