Treace Medical Concepts Inc (OQ:TMCI)

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
See Regulatory Filings on SEC
Company Contact
Address: 203 Fort Wade Road, Suite 150
Tel: N/A
IR: See website
Key People
Business Overview
Treace Medical Concepts, Inc. is a commercial-stage orthopaedic medical device company. The Company is focused on strategic product development activities that improve surgical efficiencies and patient outcomes. The Company's proprietary Lapiplasty 3-dimensional (3D) Bunion Correction System, which is a combination of instruments, implants and surgical methods designed to correct all three dimensions of the bunion deformity, address the root cause of the bunion deformity. The Lapiplasty System combines novel surgical approach, the Lapiplasty Procedure, with its procedural instrumentation and single-use implant kits. The Lapiplasty Procedure is designed to rotate the entire metatarsal bone into normal anatomical position in all three dimensions, eliminating the bump and restoring normal anatomy. The Lapiplasty Procedure can be performed in either hospital outpatient or ambulatory surgery center settings. The Company's brands include Lapiplasty, Fast Grafter and Plantar Python.
Financial Overview
For the fiscal year ended 31 December 2020, TreaceMedical Concepts Inc revenues increased 46% to $57.4M. Netloss applicable to common stockholders decreased 12% to$4.3M. Revenues reflect an increase in demand for theCompany's products and services due to favorable marketconditions. Lower net loss reflects Stock-based Compens SGAdecrease of 4% to $241K (expense).
Employees: 133 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $57.37M as of Dec 31, 2020
EBITDA (TTM): $0.86M as of Dec 31, 2020
Net annual income (TTM): -$4.31M as of Dec 31, 2020
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,937,859 as of Dec 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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