ATEC Spine
ATEC Spine, headquartered in Carlsbad, CA, and Memphis, TN, offers advanced spine surgery solutions and imaging technologies, reporting a 37% revenue increase in 2023.
Services
ATEC Spine provides a comprehensive suite of services aimed at revolutionizing spine surgery. Key surgical approaches offered include ACDF, PCF, ALIF, PTP™, LTP, TLIF, PLIF, and Posterior Fixation. The company also offers standardized imaging and quantified global alignment through its EOS platform. Additionally, ATEC Spine has trained over 500 surgeons in 2023, resulting in a significant increase in surgeon users.
Products
ATEC Spine launched 15 new products and line extensions in 2023. Its array of procedural offerings includes Alpha Informatix™, Arcus™ Guided Access System, SafeOp™, Invictus™, SingleStep™, OsseoScrew®, Arsenal®, and Bridgepoint®. The company also provides biologics products such as AlphaGRAFT® DBM Fiber, 3D Profuse®, Neocore®, and AmnioShield®. ATEC Spine utilizes EOSedge™ technology for full-body, weight-bearing images, incorporating low dose and micro dose protocols.
Technology
ATEC Spine embraces innovative technology to enhance spine surgery outcomes. The company's EOS platform supports standardized imaging and quantified global alignment, while EOSedge™ technology allows for full-body, weight-bearing images with low dose and micro dose protocols. Flex Dose™ technology is used within EOSedge to modulate radiation throughout scans based on body morphology.
Financial Performance
ATEC Spine reported a 37% increase in total revenue for the full year 2023, reaching $482 million. The company expects this upward trend to continue, projecting total revenue for the full year 2024 to approximate $595 million. The reported GAAP gross margin for the fourth quarter of 2023 was 69.0%, indicating strong financial health and efficiency in operations.
Employee Benefits
ATEC Spine offers a variety of comprehensive employee benefits. These include competitive pay, flexible spending accounts, a 401k plan with company match, and tuition reimbursement. Additionally, the company provides extensive healthcare benefits which encompass medical, vision, and dental insurance, ensuring the well-being of its employees.