Alphatec Holdings, Inc. (NASDAQ:ATEC) reached a new 52-week high on Friday following a strong Q3 earnings performance and an optimistic revenue growth outlook. The stock jumped to $20.15 during intra-day trading before closing at $18.99, up 16.29% for the day.

The company reported a 28% decrease in net loss to $28.5 million and a 33% increase in gross profit to $137 million year-on-year. Alphatec Holdings, Inc. (NASDAQ:ATEC) Chairman and CEO Pat Miles expressed confidence in the firm’s ability to deliver profitable revenue growth.

Alphatec Holdings, Inc. (NASDAQ:ATEC) projects a 24% increase in total revenues for the full-year 2025, expecting to reach $760 million. The figure surpasses the previously forecasted $742 million.

Alphatec Holdings, Inc. (NASDAQ:ATEC) is a medical device company focused on transforming spine surgery. While ATEC shows promise as an investment, other AI stocks may offer higher returns. For more insights, check out the report on the best short-term AI stock.

Read more at Yahoo Finance: Alphatec (ATEC) Reaches New High on Strong Q3, Upbeat Outlook