Alphatec (US:ATEC)2022-05-06 11:05Financial Performance - Total revenue reached $71 million, representing a 61% year-over-year growth[5] - Organic revenue was $61 million, a 39% year-over-year increase but a 1% decrease quarter-over-quarter[48] - EOS-related revenue contributed $10 million, showing a 20% decrease quarter-over-quarter[48] - Gross margin was 72%, a decrease of 560 basis points year-over-year[52] - Adjusted EBITDA was -$11 million[54] Strategic Initiatives and Growth Drivers - ATEC lateral (PTP+LTP) drove approximately 40% of Q1 revenue growth[18] - Pioneering PTPTM saw significant revenue growth, with over 100 surgeons trained[5] - There was an 11% year-over-year growth in average revenue per case[8] - Strategic distribution saw 43% organic revenue growth in Q1[43] - Revenue growth of top 20 PTP distributors in 2021 was 77%[43] Future Outlook - The company updated its FY2022 revenue guidance, projecting $269 million in organic revenue (27% YoY) and $47 million in EOS-related revenue, totaling $316 million (30% YoY)[61]