ALPHATEC HOLDINGS, INC. ATEC Income Statement

Alphatec holdings, inc. (ATEC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Revenue
30,115	32,352	29,201	27,319	24,555	25,343	23,002	22,042	21,307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	23,099	24,379	27,978	27,089	26,711	32,242	34,206	7,421	31,687	46,633	48,647	1,272	51,013	53,167	49,173	53,065	50,196	51,020	50,443	52,743	46,839	48,235	48,461	49,510	47,619	50,862	49,720	44,846	45,424
Cost of revenue
9,084	10,145	9,268	8,433	7,987	8,771	6,796	6,488	6,402	5,100	8,587	8,631	11,199	12,463	10,849	11,083	9,719	2,257	10,029	18,745	15,335	-1,347	14,272	16,600	15,433	17,366	25,532	18,501	17,270	19,988	16,844	17,666	16,263	24,209	17,001	20,585	17,373	15,546	16,222
Amortization of acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	369	-	435	447	446	444	432	426	431	635	362	373	379	390	411	416	396	373	369
Gross profit
21,031	22,207	19,933	18,886	16,568	16,572	16,206	15,554	14,905	21,183	14,512	15,748	16,779	14,626	15,862	21,159	24,487	5,894	21,658	27,527	32,943	3,947	36,306	36,120	33,294	35,255	24,232	32,093	32,742	32,120	29,633	30,196	31,819	24,911	30,207	29,861	31,951	28,927	28,833
Operating expenses:
Research and development
3,749	3,155	3,962	3,360	3,372	2,901	3,157	2,009	1,786	1,437	1,044	990	1,449	2,448	1,087	2,072	3,641	8,002	1,850	3,912	3,851	3,455	4,423	4,534	4,181	-	3,028	-	-	-	-	-	-	-	-	-	-	-	-
Sales, general and administrative
28,003	29,257	26,792	24,568	21,097	19,012	18,833	17,538	17,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation-related
2,643	-	604	-	2,623	-	1,329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation-related expenses
-	-	-	1,200	-	-	-	2,234	580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,666	3,682	3,883	3,216	3,777	4,010	3,235	3,858	4,382	5,413	3,751	4,909
In-process research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,425	92
In-process research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274	-	-	-	527	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
-	-	-	-	-	-	-	-	-	-	10,015	10,298	11,103	11,464	11,764	12,794	14,940	4,188	12,774	16,644	18,195	-763	18,649	19,837	18,059	21,156	18,149	19,160	18,495	19,334	17,778	19,529	18,536	18,124	19,145	19,291	18,629	17,052	17,115
General and administrative
-	-	-	-	-	-	-	-	-	-	4,403	5,351	6,223	6,925	4,136	6,274	9,004	3,206	6,541	9,241	9,138	372	10,213	9,241	14,222	13,931	11,443	11,445	11,130	11,224	9,758	10,132	8,825	9,660	8,627	8,938	9,142	7,933	8,007
Amortization of intangible assets
172	172	172	172	182	187	187	187	177	172	172	172	172	341	83	255	255	-426	280	669	677	-1,025	742	757	758	-	741	721	793	606	491	509	574	523	545	554	530	533	469
Goodwill and intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,736	-	-	-	164,263	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction-related
4,272	-	-	-	-	4	66	-62	1,542	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	-	-	-	-	-	-	6	493
Gain on settlement
-	-	-	-	-	0	0	0	6,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
-	0	0	0	60	623	167	193	398	308	139	528	1,231	514	1,605	84	89	418	351	-112	-60	-	20	-90	776	5,620	4,045	0	0	-	0	-	-	57	394	0	599	702	805
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	856	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
38,839	36,706	31,530	29,300	27,334	24,267	23,739	22,099	15,572	24,791	15,773	16,483	20,178	21,692	20,411	21,479	27,929	15,388	186,333	30,354	31,801	1,333	34,574	34,279	37,996	91,257	37,406	34,992	34,100	36,106	31,607	33,947	31,945	41,399	32,569	33,165	34,313	32,402	31,890
Operating loss
-17,808	-14,499	-11,597	-10,414	-10,766	-7,695	-7,533	-6,545	-667	-3,608	-1,261	-735	-3,399	-7,066	-4,549	-320	-3,442	-9,494	-164,675	-2,827	1,142	2,614	1,732	1,841	-4,702	-56,002	-13,174	-2,899	-1,358	-3,986	-1,974	-3,751	-126	-16,488	-2,362	-3,304	-2,362	-3,475	-3,057
Other expense:
Other expense, net
-2,874	-	-	-	-2,119	-	-	-	-	-	-	2	5	247	90	-563	198	562	6,159	2,161	-1,437	3,066	-928	-685	383	-822	210	-400	-650	-734	208	-9	-259	-	-	335	421	70	1,101
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	7	2	2	3	3	2	2	0	2	10	33	36	39	45	48	51	4	262	34
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,040	3,371	-6,288	3,875	3,747	1,688	1,289	1,048	927	695	1,045	774	3,578	708	735	725	888	679	1,417	1,444
Interest and other expense, net
-	-	-	-	-	-	-	-	-	-1,931	-1,822	-1,881	-1,981	-2,246	-1,123	-1,015	-981	-	-965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,478	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (loss), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202	-	-	-	-
Total other expense
-	-	-2,926	-1,921	-	-2,546	-1,754	-1,784	-1,645	-	-	-1,879	-1,976	-2,686	-10,511	-1,578	-783	3,929	5,194	-867	-4,801	9,356	-4,801	-4,429	-1,302	-2,109	-836	-1,327	-1,343	-1,769	-533	-3,551	-928	-941	-475	-502	-254	-1,085	-309
Loss from continuing operations before taxes
-20,682	-17,398	-14,523	-12,335	-12,885	-10,241	-9,287	-8,329	-2,312	6,498	-3,083	-2,614	-5,375	-9,752	-15,060	-1,898	-4,225	-5,565	-159,481	-3,694	-3,659	11,970	-3,069	-2,588	-6,004	-	-14,010	-4,226	-2,701	-	-2,507	-7,302	-	-	-	-	-	-	-
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,054	-17,429	-2,837	-3,806	-2,616	-4,560	-3,366
Income tax provision
40	-361	20	71	31	336	26	-1,265	-458	-91	-7	15	49	329	-4,997	11	23	182	-2,483	253	902	-541	-28	307	669	2,296	500	435	-52	-400	-38	-928	207	-1,463	-1,533	-762	-749	-770	-265
Loss from continuing operations
-20,722	-17,037	-14,543	-12,406	-12,916	-10,577	-9,313	-7,064	-1,854	6,589	-3,076	-2,629	-5,424	-10,081	-10,063	-1,909	-4,248	-	-156,998	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of applicable taxes
-	6	-24	-30	-52	-51	-42	-12	-62	2,466	-61	-68	-91	5,727	-3,658	-3,324	-2,369	-	-3,267	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,790	-3,101
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	122
Net loss
-20,722	-17,031	-14,567	-12,436	-12,968	-10,628	-9,355	-7,076	-1,916	9,055	-3,137	-2,697	-5,515	-4,354	-13,721	-5,233	-6,617	-9,903	-160,265	-3,947	-4,561	-273	-3,041	-2,895	-6,673	-60,407	-14,510	-4,661	-2,649	-5,355	-2,469	-6,374	-1,261	-15,966	-1,304	-3,044	-1,867	-3,790	-2,979
Net loss per share, basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.05	-	-0.03	-	-	-	-0.15	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share, diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-	-	-	-0.15	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income per share from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Shares used in calculating basic net loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,258	99,020	-	97,391	-	-	-	96,381	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in calculating diluted net loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,329	-	-	-	96,381	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share, basic and diluted:
Continuing operations
-0.33	-0.28	-0.26	-0.26	-0.29	-0.30	-0.22	-0.21	-0.09	-	-0.22	-0.24	-0.60	-	-1.17	-0.22	-0.50	-	-18.96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.04
Discontinued operations
0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	-0.01	-0.01	-0.01	-	-0.43	-0.39	-0.28	-	-0.39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share, basic and diluted
-0.33	-0.27	-0.26	-0.27	-0.29	-0.68	-0.22	-0.21	-0.09	-	-0.23	-0.24	-0.61	-	-1.60	-0.62	-0.78	-	-19.35	-	-	-	-	-0.03	-0.07	-	-	-0.05	-0.03	-	-0.03	-0.07	-0.01	-	-0.01	-0.03	-0.02	-0.04	-0.04
Shares used in calculating basic and diluted net loss per share
62,568	61,300	55,736	46,880	45,020	43,521	42,497	34,030	21,212	-	13,938	11,047	9,005	-	8,560	8,488	8,466	-	8,281	-	-	-	-	96,922	96,838	-	-	95,926	95,826	-	89,503	89,218	-	-	88,829	-	-	-	-
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,938	-	-	88,740	88	86,990	84,675
United States Product
Revenue
29,070	31,143	28,051	26,093	22,955	23,050	20,996	20,409	19,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
International Supply Agreement
Revenue
1,045	1,209	1,150	1,226	1,600	2,293	2,006	1,633	2,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-