Alphatec (ATEC) Reaches New High on Strong Q3, Upbeat Outlook

We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. Alphatec Holdings, Inc. (NASDAQ:ATEC) is one of the best-performing stocks on Friday.

Alphatec soared to a new 52-week high on Friday as investors cheered a strong earnings performance in the third quarter alongside a higher revenue growth outlook.

At intra-day trading, Alphatec Holdings, Inc. (NASDAQ:ATEC) jumped to its highest price of $20.15 before trimming gains to end the day just up by 16.29 percent at $18.99 apiece.

In an updated report, the company said it narrowed its net loss by 28 percent to $28.5 million from $39.6 million in the same period last year, as gross profit increased by 33 percent to $137 million from $102.7 million year-on-year.

Alphatec (ATEC) Reaches New High on Strong Q3, Upbeat Outlook

Rainer Plendl/Shutterstock.com

“We are now delivering durable, profitable revenue growth that is generating cash flow … we are uniquely positioned to set the industry standard for years to come,” said Alphatec Holdings, Inc. (NASDAQ:ATEC) Chairman and CEO Pat Miles.

For the full-year 2025 period, the firm expects total revenues to grow by 24 percent to $760 million year-on-year. The figure was higher than the $742 million outlook previously.

Alphatec Holdings, Inc. (NASDAQ:ATEC), through its wholly owned subsidiaries, Alphatec Spine, Inc., EOS imaging SAS and SafeOp Surgical, Inc., is a medical device company dedicated to revolutionizing the approach to spine surgery through clinical distinction.

While we acknowledge the risk and potential of ATEC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ATEC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.