Alphatec Holdings, Inc. (ATEC) Q4 2024 Earnings Call Transcript

2025-02-27 07:30:45 ET

Alphatec Holdings, Inc. (ATEC)

Q4 2024 Earnings Conference Call

February 26, 2025, 04:30 PM ET

Company Participants

Pat Miles - Chairman and CEO

Todd Koning - CFO

Conference Call Participants

Brooks O'Neil - Lake Street Capital Markets

Vik Chopra - Wells Fargo

Eric Anderson - TD Cowen

Phillip Dantoin - Piper Sandler

Matt Miksic - Barclays

Caitlin Cronin - Canaccord Genuity

Jason Wittes - ROTH

David Saxon - Needham

Kallum Titchmarsh - Morgan Stanley

Presentation

Operator

Good afternoon, everyone, and welcome to the webcast of ATEC's Fourth Quarter Financial Results. We would like to remind everyone that participants on the call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC. During this call, you may hear the company refer to non-GAAP or adjusted measures.

Reconciliations of these measures to U.S. GAAP can be found in the supplemental financial tables included in today's press release, which identify and quantify all excluded items and provide management's view of why this information is useful to investors. Leading today's call will be ATEC's Chairman and CEO, Pat Miles and CFO, Todd Koning.

Now, I will turn the call over to Pat Miles. Please go ahead.

Pat Miles

Thanks much, Audra, and welcome to the Q4 2024 financial results call. You will enjoy some forward-looking statements. Read them at your leisure.

First, let me address Q4 2024 financial highlights. What you're seeing is perpetuating growth leadership. So, we grew at 28% total revenue growth in Q4, which is 4 times the market. So we're perpetuating that leadership. It's also nice to see that the profitability come in very strong. So, we're expanding profitability. So we finished Q4 at $21 million, which was up 1,050 basis points year-over-year, which means we're cash flowing. And so we cash flowed $9 million for the first quarter really since the transformation.

And so, what we're enjoying is revenue growth, profitable leadership. And so, just love where we are and also love the growth profile forward. As we've talked about since the transformation, we're in this for the long haul. And I think the growth reflection from the clinical distinction has been robust....

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