Alphatec Holdings, Inc. (ATEC) shares jumped more than 22% in pre-market trading on Friday after the medical technology company reported improved third-quarter results and raised its full-year outlook.
The company posted a net loss of $28.58 million, or $0.19 per share, narrowing from $39.62 million, or $0.28 per share loss, in the same period last year.
Excluding one-time items, Alphatec reported adjusted income of $4.09 million, or $0.03 per share, compared with a loss of $10.64 million, or $0.07 per share, a year ago.
Operating loss came in at $15.9 million, improving from a loss of $33.7 million last year.
EBITDA (Earnings before interest, taxes, depreciation, and amortization) turned positive at $3.22 million, compared with a loss of $13.06 million in the prior-year period.
Adjusted EBITDA surged to $26.12 million, from $7.43 million a year earlier.
Revenue from products and services increased 30% to $196.5 million from $150.7 million in the third quarter of 2024. Within the total, surgical revenue climbed 31% to $177 million, while EOS revenue grew 29% to $20 million.
For the full year, Alphatec now expects total revenue to grow 24% to $760 million, compared with the previous forecast of $742 million. This includes surgical revenue of $684 million and EOS revenue of $76 million.
The company also raised its adjusted EBITDA forecast to approximately $91 million, up from the earlier estimate of $83 million.
Alphatec shares closed at $16.33 on Thursday, down 0.97%. Over the past year, the stock has traded in the range of $7.80 to $17.15.
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