Alphatec reported its second quarter 2017 financial results.
Here are nine highlights from the second quarter of 2017:
1. The company reported total revenue of $24.4 million.
2. U.S. commercial business total revenue was $21.9 million.
3. The company's total operating expenses were $16.5 million, a decrease of $3.7 million from the first quarter of 2017.
4. Alphatec's cash balance was $19.1 million, as of June 30.
5. The company saw an operating loss of $0.7 million, reflecting a sequential improvement from $3.4 million in the first quarter.
6. Non-GAAP adjusted EBITDA was $1.2 million.
7. Alphatec reported a U.S. commercial gross margin of 71 percent.
8. As of June 30, the company's cash and cash equivalents were $19.1 million.
9. The sales from dedicated sales agents and distributors increased to more than 18 percent of U.S. commercial revenue.
In the second quarter, Alphatec received a patent for its uniplanar and monoaxial screws within its arsenal deformity line. The company also received a patent protecting the Alphatec Squadron Lateral Retractor.