Alphatec reported second quarter revenue of $146 million, according to financial results shared July 31.
Five notes:
1. Second quarter revenue grew 25% year-over-year, and surgical sales grew 27%, according to a news release.
2. Alphatec saw 20% growth year-over-year in new surgeon adoption for its products and has 244 surgeon training engagements.
3. Alphatec deployed more than $50 million to capitalize on surgeon adoption and growing its U.S. footprint.
4. The company saw a $41 million net loss in the second quarter.
5. Alphatec's full year guidance expects 2024 revenue to hit $602 million, up 25% compared to 2023.