ATEC Continues To Expect Full Year 2024 Total Revenue To Approximate $595M, Reflecting Growth Of ~23% Y/Y; Est $574.69M
Portfolio Pulse from Benzinga Newsdesk
ATEC projects its full year 2024 total revenue to be around $595M, indicating a 23% year-over-year growth, with surgical revenue at $530M and EOS revenue at $65M. The company also anticipates its non-GAAP adjusted EBITDA to be approximately $22M, reflecting a 560 basis points improvement in adjusted EBITDA margin compared to 2023.
February 27, 2024 | 9:43 pm
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ATEC expects a significant revenue growth of 23% Y/Y in 2024, reaching $595M, with a notable improvement in non-GAAP adjusted EBITDA to $22M.
The projected revenue growth and improved EBITDA margin for ATEC in 2024 are strong indicators of the company's financial health and operational efficiency. This positive outlook is likely to attract investor interest and could lead to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100