Alphatec reported its financial results for the fourth quarter and full year of 2017.
Here are five points:
1. Alphatec's fourth quarter 2017 revenue is expected to be between $25.9 million and $26.3 million.
2. The fourth quarter 2017 U.S. commercial revenue will likely land between $20.8 million and $21 million.
3. Full-year 2017 revenue will likely reach around $101.4 million to $101.8 million, with U.S. commercial revenue hitting between $86.8 million and $87 million.
4. Alphatec ended 2017 with a case balance of $22.5 million.
5. In December, the company made $4 million in cash proceeds via financial commitments from Patrick Miles and Quentin Blackford.
The company also unveiled new executive leaders:
• Lance DeNardin as area vice president, West
• Michael Dendinger as VP of operations
• Scott Lish as VP of Development