Alphatec Holdings shares are trading higher after the company issued preliminary Q4, FY23 and FY24 revenue guidance above estimates. The company executed a strategic partnership agreement with Aclarion to advance the commercialization of Nociscan.
Portfolio Pulse from Benzinga Newsdesk
Alphatec Holdings' stock is trading higher following the company's announcement of preliminary Q4 and FY23 revenue guidance that exceeded expectations. Additionally, Alphatec has entered into a strategic partnership with Aclarion to further the commercialization of Nociscan.

January 08, 2024 | 5:43 pm
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POSITIVE IMPACT
Alphatec Holdings' stock is experiencing an upswing due to the company's preliminary revenue guidance for Q4 and FY23 surpassing estimates, and the announcement of a strategic partnership with Aclarion.
The positive short-term impact on ATEC's stock price is due to the company's revenue guidance beating estimates, which is a strong indicator of financial health and often leads to increased investor confidence. The strategic partnership with Aclarion is likely to be viewed as a positive development for future growth prospects, particularly in the commercialization of Nociscan, which could further drive investor interest.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100