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Alphatec announces preliminary 2018 results, and senior management changes

|About: Alphatec Holdings, Inc. (ATEC)|By: , SA News Editor

Alphatec (ATEC -4.1%)announces that the its President, Chief Operating Officer, Terry Rich has resigned and Jeff Rydin will assume interim leadership of the Company’s sales organization, while CEO Pat Miles will assume Rich’s responsibilities in a combined role as President and CEO.

Expects Q4 sales of ~$25.2M-$25.7M (+10%-12% Y/Y), and $91.5M-$92M for FY18; anticipates negative impact of ~$16M on sales due to termination of non-strategic distribution and decreased sales under supply agreement with Globus Medical

For FY19, expects sales of ~$98M-$103M