Alphatec Spine Announces Third Quarter 2009 Revenue and Financial Results

Record Revenue of $32.7 Million; 9th Consecutive Quarter of Record Revenue; Adjusted EBITDA Increases to $3.6 Million

CARLSBAD, Calif., Nov 9, 2009 (GlobeNewswire via COMTEX News Network) — Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions affecting to the aging spine, announced today financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Results:

* Record consolidated revenue of $32.7 million reported in the
third quarter 2009, which represents 27% growth over the third
quarter 2008

— U.S. revenue growth of 21% over prior year third quarter and
year-over-year growth of 28% for the last nine months

— International revenue of $6.6 million, which represents 52%
growth over the third quarter 2008

* Year-to-date revenue of $95.6 million, representing an increase
of 31% over the same period 2008

* Adjusted EBITDA of $3.6 million in the third quarter 2009 and
$7.8 million for year-to-date nine months, reflecting
strengthening operating leverage

— 31% increase over second quarter 2009 adjusted EBITDA of
$2.8 million

— $9.7 million increase over prior year-to-date nine months
adjusted EBITDA of negative ($1.9) million

* Reiterating 2009 revenue guidance of $128 million to
$130 million and adjusted 2009 EBITDA guidance of $12.5 million
to $14.5 million

Third Quarter 2009 Highlights:

* U.S. market launch of the Illico SE percutaneous MIS system

* OsseoScrew submitted to the FDA for 510K approval

* OsseoFix patient enrollment initiated for U.S. clinical study

* Settlement of Brodke et al. litigation matter

* Year-to-date over 300 patients treated in Europe with OsseoFix

* Year-to-date over 150 surgeons trained in Europe with OsseoFix


Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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