Alphatec Holdings, Inc. (NASDAQ:ATEC) Q2 2023 Earnings Call Transcript

So I know that’s a long-winded answer, and I didn’t give any specific numbers. Candidly, I can’t and won’t.

Sean Lee: I understand. But it’s very helpful for helping to understand this market. My next question is on the — you mentioned during the prepared remarks that you’ve seen geographic expansion and moving into adjacent markets, especially. How much is that contributing to your overall growth? And where do you see that trend going over the next 6 to 12 months?

Pat Miles: Yes. I think it’s a great question. And I would say you are limited. And so often, what will happen is we may have candidly a stronghold in a specific city, but then the adjacent cities that have big spine spend, we do nothing in. And so the great part about — I think our — the makeup of our business is you’re seeing 38% growth in those territories that have been established. And so if we’re seeing that type of growth in same-store sales, that, in my mind, means gosh, I had accepted that as a tool that will — or a business that will expand. And so the great thing is we have like — if you’re going at 38% in those areas and your overall growth is 41% surgically, I would say it’s not like we’re and a bunch of people that ultimately get to a place.

And that’s where it’s like our enthusiasm is to add those adjacencies to what we could enjoy, not only the adjacencies but the same-store sales growth that we would enjoy in that geography. And so to me, that’s the excitement.

Operator: Great. Thank you. I will now turn the call back over to Pat Miles for closing remarks.

Pat Miles: Yes. Thanks very much for your interest in ATEC. And as we say, our best is yet to come. So excited about what’s going on, and we love spine, and we are thrilled to be serving it. Thanks.

Operator: Thank you. Ladies and gentlemen, that concludes today’s call. Thank you all for joining. You may now disconnect.