We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. Alphatec Holdings, Inc. 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. 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.
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“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. 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., 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.
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This article is originally published at Insider Monkey.
