The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Alphatec Holdings beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share dropped. GAAP loss per share shrank.
Margins expanded across the board.
Alphatec Holdings recorded revenue of $52.7 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $48.2 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $49.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The four earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. Non-GAAP EPS were -$0.03 for Q4 against -$0.06 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q4 versus -$0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.5%, much better than the prior-year quarter. Operating margin was -5.0%, 840 basis points better than the prior-year quarter. Net margin was -10.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $50.3 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $206.7 million. The average EPS estimate is -$0.05.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 68 members out of 85 rating the stock outperform, and 17 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Alphatec Holdings a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alphatec Holdings is outperform, with an average price target of $2.67.
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