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Monday, January 10, 2022

ATEC: Prelim 2021 Revenue Results and 2022 Guidance

 

  • Full-year 2021 U.S. organic revenue growth of 50% to 51% driven primarily by accelerated PTP™ adoption

  • Fourth quarter 2021 U.S. organic revenue growth of 41% to 42%

  • Full-year 2022 total revenue expected to grow approximately 26% to $305 million

Preliminary, Unaudited Q4 and Full-Year 2021 Revenue Ranges

Fourth Quarter Ended
December 31, 2021(1)

Full Year Ended
December 31, 2021(1)

U.S. Organic Revenue

$60.8M - $61.3M

$211.8M - $212.3M

EOS-Related Revenue

$12.5M - $12.8M

$29.7M - $30.0M

Revenue from Products & Services

$73.2M - $74.0M

$241.5M - $242.3M

International Supply Agreement

--

$0.9M

Total Revenue

$73.2M - $74.0M

$242.5 - $243.3M

(1)May not foot due to rounding

The Company expects to announce its fourth quarter and full-year 2021 financial and operating results on Tuesday, March 1st, 2022, after the market close.

Financial Outlook for the Full-Year 2022

The Company anticipates full-year 2022 total revenue of $305 million, reflecting growth of approximately 26% compared to the full year 2021. This includes organic revenue growth of between 22% and 23% and approximately $45 million of revenue related to EOS imaging. Further detail will be provided when the Company reports fourth quarter and full-year 2021 financial results.

https://finance.yahoo.com/news/atec-announces-preliminary-2021-revenue-140000475.html

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