Alphatec Holdings, Inc. (NASDAQ:ATEC) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET
Company Participants
Pat Miles - Chairman & Chief Executive Officer
Todd Koning - Chief Financial Officer
Conference Call Participants
Brooks O'Neil - Lake Street Capital Markets
Jason Wittes - Loop
Phil Coover - Goldman Sachs
Sean Lee - H.C. Wainwright
Joshua Jennings - Cowen
Operator
Good afternoon, everyone and welcome to the webcast of ATEC's First Quarter of 2022 Financial Results. We would like to remind everyone that participants on the call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC.
During this call, you may hear the company refer to reported amounts, which are in accordance with US GAAP as well as non-GAAP or pro forma measures. Reconciliations of non-GAAP measures to US GAAP can be found in the supplemental financial tables included in the press release, which identify and quantify all excluded items and provide management view of why this information is useful to investors.
Leading today's call will be ATEC's Chairman and CEO, Pat Miles; and CFO Todd Koning. Now I will turn the call over to Pat Miles.
Pat Miles
Thanks very much, Casey and welcome to the Q1 2022 financial results for ATEC. You will hear some forward-looking statements on the call, so please review the reflective forward-looking statements. And so I'll jump right into it. ATEC turned in another strong quarter of growth ending with $71 million in total revenue, which was 61% year-over-year growth.
I think what's most important though is really we're laying the foundation for where we're headed. And really I think you're going to hear some – a bit of repetition. So PTP had over 100 surgeons trained. But I think what's important is there's a lot of traction as well as we're starting to set up SafeOp as a confidence builder and conduit to deliver information into surgery. And so what that does is it sets us up for what's next with regard to PTP. On the EOS front, we're a long-term foundation building with regard to the clinical operational and economic influence of informatics and data as well as EOS is availing us new hospital access as well as we're really just starting to lay the foundation for what's going to happen in terms of the integration intraoperatively with regard to EOS.