Stock Track | Alphatec Soars 5.74% Intraday on Better-Than-Expected Q4 Revenue and EBITDA

Stock Track05:08

Alphatec Holdings Inc. (ATEC) saw its stock price surge 5.74% during intraday trading on Tuesday, following the release of its fourth-quarter financial results.

The medical device company reported quarterly revenue of $213 million, surpassing the IBES estimate of $211.4 million. Additionally, its adjusted EBITDA came in at $33 million, beating the consensus forecast of $30.6 million. The company also posted strong gross margins of 70%, with an adjusted gross margin of 71%.

While the company reported a net loss for the quarter, investors focused on the positive surprises in top-line revenue and profitability metrics, driving the significant price appreciation during the trading session.

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