ATEC - Alphatec: Continued Losses Cause Continued Dilution
2024-05-10 08:12:22 ET
Summary
- Alphatec focuses on growth rather than margin improvements, resulting in continued losses and a lack of shareholder value being created.
- The company aims to expand its share of the spine market and achieve $1 billion in revenues by 2027, but lack of profitability remains a concern.
- Despite modest sales multiples, Alphatec's low share price limits its ability to raise capital through share issuance.
Back in November, I concluded that Alphatec Holdings ( ATEC ) was still not having my back. A focus on growth, rather than margin improvements, made me cautious, resulting in continued losses. In fact, the stubbornness of focusing on growth, rather than shareholder value, was a major negative for me....
Alphatec: Continued Losses Cause Continued Dilution