Alphatec Shares Surge 22% Pre-Market On Lower Q3 Loss, Raised Outlook

Core Insights - Alphatec Holdings, Inc. (ATEC) shares surged over 22% in pre-market trading following the release of improved third-quarter results and an upgraded full-year outlook [1] Financial Performance - The company reported a net loss of $28.58 million, or $0.19 per share, an improvement from a loss of $39.62 million, or $0.28 per share, in the same period last year [1] - Excluding one-time items, adjusted income was $4.09 million, or $0.03 per share, compared to a loss of $10.64 million, or $0.07 per share, a year ago [2] - Operating loss decreased to $15.9 million from $33.7 million in the previous year [2] - EBITDA turned positive at $3.22 million, improving from a loss of $13.06 million in the prior-year period [2] - Adjusted EBITDA increased significantly to $26.12 million, up from $7.43 million a year earlier [2] Revenue Growth - Revenue from products and services rose by 30% to $196.5 million, compared to $150.7 million in the third quarter of 2024 [3] - Surgical revenue increased by 31% to $177 million, while EOS revenue grew by 29% to $20 million [3] - For the full year, total revenue is now expected to grow by 24% to $760 million, up from the previous forecast of $742 million [3] - The updated forecast includes surgical revenue of $684 million and EOS revenue of $76 million [3] Outlook - The company raised its adjusted EBITDA forecast to approximately $91 million, an increase from the earlier estimate of $83 million [4]