ATEC - Alphatec expects ~38% growth in Q4 revenues

Alphatec Holdings (ATEC) expects Q4 revenue in the range of $43.8M-$44.1M vs. consensus of $43.65M.FY2020 revenue to be between $144.8M-$145.1M vs. consensus of $144.2M.U.S. revenue to be $43M-$43.3M for the quarter and $141M-$141.3M for the year. "Our 2020 performance gives me great confidence in our ability to continue to earn market share," said Pat Miles, Chairman and Chief Executive Officer. "While we expect pandemic-related volume variability to persist into 2021, we will continue to drive adoption of novel procedures like PTP while we work to close the EOS transaction. The clinical prowess of the team we have assembled and the unparalleled output of the organic innovation machine tell me that ATEC's best is yet to come." Q4 results will be out on March 4, 2021. 2021 Revenue Guidance The company expects FY2021 total revenue to approximate $178M vs. consensus of $183.07M, with U.S. revenue of ~$176M.

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Alphatec expects ~38% growth in Q4 revenues