Treace Medical Concepts, Inc.
6.55-0.29 (-4.24%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · TMCI · USD
Key Stats
Market Cap
413.78MP/E (TTM)
-Basic EPS (TTM)
-0.79Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Treace Medical Concepts posted solid Q2 revenue of $47.4 million, up 6.6% year-over-year and 14.5% quarter-over-quarter (derived), fueled by more bunion procedure kits sold despite softer pricing on new offerings. Gross margin held steady at 79.7%, a slight dip from 80.2% last year due to inventory provisions and distributor sales, while operating loss narrowed to $17.0 million from $21.4 million y/y, thanks to 12.2% lower sales and marketing spend from sales force tweaks. Diluted EPS improved to -$0.28 from -$0.34, aligning with 63.0 million weighted shares and no anti-dilution flags. Cash and equivalents stood at $8.1 million with $61.2 million in short-term marketable securities, supporting $54.0 million in debt (9% term, 7% revolver) and $21.4 million revolver availability; free cash flow turned positive at $1.1 million (derived). Yet competition from minimally invasive rivals keeps pressure on market share.
8-K
Treace Q2 revenue up 7%
Treace Medical Concepts reported Q2 2025 revenue of $47.4 million, up 7% from $44.5 million last year, while narrowing net loss to $17.4 million from $21.2 million and boosting adjusted EBITDA to a $3.6 million loss from $8.7 million. The company launched full-market releases of Nanoplasty, Percuplasty 3D MIS Osteotomy, and SpeedMTP MTP Fusion systems, expanding its bunion tech portfolio amid strong surgeon enthusiasm. New products drive growth. It reaffirmed 2025 revenue guidance of $224–$230 million and breakeven adjusted EBITDA, but litigation costs pose risks.
8-K
Annual meeting results approved
Treace Medical Concepts' stockholders, at the May 20, 2025 annual meeting, elected Lawrence W. Hamilton and Deepti Jain as Class I directors for three-year terms, with Hamilton securing strong support while Jain faced notable withholdings. They also approved executive compensation on an advisory basis and ratified Grant Thornton as auditors for 2025. Shareholder alignment shines through. No strategic shifts disclosed.
8-K
Treace Q1 revenue grows 3%
Treace Medical Concepts posted Q1 2025 revenue of $52.6 million, up 3% from $51.1 million last year, while narrowing net loss to $15.9 million from $18.7 million. Adjusted EBITDA improved sharply to $(3.8) million, aided by lower sales and marketing costs. New bunion systems launched amid positive clinical data. Full-year revenue guidance holds at $224–$230 million, targeting breakeven adjusted EBITDA. Litigation costs persist.
10-Q
Q1 FY2025 results
Treace Medical Concepts posted Q1 revenue of $52.6 million, up 2.9% year-over-year yet flat quarter-over-quarter from a strong Q4, driven by more bunion procedure kits sold while new minimally invasive osteotomy products gain traction. Gross margin slipped to 79.7% from 80.2% last year, hit by higher inventory provisions, but operating loss narrowed to $15.6 million from $19.0 million as sales and marketing costs dropped 10.4% on optimized staffing and reduced ads; net loss improved to $15.9 million or $0.25 per diluted share on 62.7 million shares, with the gap to operating loss mainly from interest expense and other non-operating items. Cash from operations swung positive to $4.2 million, boosting cash and equivalents to $13.4 million alongside $62.7 million in short-term marketable securities, while $54.0 million in debt carries 7-9% rates maturing 2026-2027 and $22.5 million revolver availability with no covenants triggered. Lawsuit against Stryker for patent infringement seeks injunction and damages. Surging competition from osteotomy rivals pressures market share.
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