Alphatec Holdings Files Q2 2024 10-Q

TL;DR

**Alphatec Holdings (ATEC) Q2 10-Q filed. Financials and debt details out.**

AI Summary

Alphatec Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported on its financial condition, including details on its convertible notes and credit facilities. Specific financial figures and operational data for the quarter and year-to-date are presented.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Alphatec Holdings, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt obligations and credit facilities, which are key risk factors for investors.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
• 2024-07-31 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Alphatec Holdings, Inc. (company) — Filer of the 10-Q
• 2024-06-30 (date) — End of the reporting period
• 0000950170-24-088670 (accession_number) — SEC filing accession number
• atec:ZeroPointSevenFivePercentageSeniorConvertibleNotesDueTwoZeroTwoSixMember (financial_instrument) — Specific debt instrument mentioned

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share ATEC The NASDAQ Global Se

Filing Documents

• atec-20240630.htm (10-Q) — 1818KB
• atec-ex10_2.htm (EX-10.2) — 54KB
• atec-ex31_1.htm (EX-31.1) — 13KB
• atec-ex31_2.htm (EX-31.2) — 13KB
• atec-ex32.htm (EX-32) — 17KB
• 0000950170-24-088670.txt ( ) — 8156KB
• atec-20240630.xsd (EX-101.SCH) — 1197KB
• atec-20240630_htm.xml (XML) — 1374KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Loss 5 Condensed Consolidated Statements of Stockholders' Equity (Deficit) 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 5. Other Information 30 Item 6. Exhibits 31

SIGNATURES

SIGNATURES 32 2 Table of Contents

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financ ial Statements

Item 1. Financ ial Statements ALPHATEC HOLDINGS, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (In thousands, except for par value data) June 30, 2024 December 31, 2023 Assets (Unaudited) Current assets: Cash and cash equivalents $ 99,828 $ 220,970 Accounts receivable, net of allowances of $ 4,760 and $ 910 , respectively 83,985 72,613 Inventories 172,314 136,842 Prepaid expenses and other current assets 20,478 20,666 Total current assets 376,605 451,091 Property and equipment, net 180,614 149,835 Right-of-use assets 37,178 26,410 Goodwill 72,008 73,003 Intangible assets, net 99,152 102,451 Other assets 3,029 2,418 Total assets $ 768,586 $ 805,208 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 72,739 $ 48,985 Accrued expenses and other current liabilities 75,925 87,712 Contract liabilities 11,775 13,910 Short-term debt 2,289 1,808 Current portion of operating lease liabilities 6,723 5,159 Total current liabilities 169,451 157,574 Long-term debt 516,881 511,035 Operating lease liabilities, less current portion 29,626 23,677 Other long-term liabilities 11,914 11,203 Commitments and contingencies (Note 9) Redeemable preferred stock, $ 0.0001 par value; 20,000 shares authorized at June 30, 2024 and December 31, 2023; 3,319 shares issued and outstanding at June 30, 2024 and December 31, 2023 23,603 23,603 Stockholders' equity: Common stock, $ 0.0001 par value; 200,000 authorized; 143,014 shares issued and outstanding at June 30, 2024; and 139,257 shares issued and 139,245 shares outstanding at December 31, 2023 14 14 Treasury stock, 1,808 shares, at cost ( 25,097 ) ( 25,097 ) Additional paid-in capital 1,261,860 1,230,484 Accumulated other comprehensive loss ( 11,529 ) ( 8,323 ) Accumulated deficit ( 1,208,137 ) ( 1,118,962 ) Total stockhol

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View this 10-Q filing on SEC EDGAR