Treace Medical Concepts

Treace Medical Concepts, Inc. engages in the design, manufacture, and marketing of orthopedic medical devices and biologic solutions. It offers Lapiplasty, a bunion surgery for three-dimensional bunion correction. It operates and distributes its products and services under the following trademarks: Treace Medical Concepts, Lapiplasty, Fast Grafter, Align My Toe, The Future of Hallux Valgus, Fix It Right The First Time, and Plantar Python. The company was founded by John T. Treace in July 2013 and is headquartered in Ponte Vedra Beach, FL.

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Treace Medical Concepts (TMCI) reports stellar revenue growth and innovation plans

Treace Medical Concepts (TMCI) delivered exceptional revenue growth in 2022, exceeding expectations and showcasing strong market positioning. With a focus on innovation, specialized sales strategies, and complementary products, TMCI is poised for continued success. While challenges like sustaining growth exist, the company's strategic investments and upcoming product releases present promising opportunities for future expansion.

Treace Medical Concepts (TMCI) reports robust Q1 growth and raises full-year revenue guidance

Treace Medical Concepts (TMCI) delivered impressive Q1 2023 results, showcasing strong revenue growth and increased market penetration. With raised revenue guidance for the full year and a focus on strategic investments, TMCI is well-positioned for continued success and market expansion.

Treace Medical Concepts reports robust Q2 growth and strategic investments

Treace Medical Concepts (TMCI) delivered strong Q2 results with significant revenue growth, expanded market penetration, and strategic investments in growth initiatives.
While facing a net loss, the company improved adjusted EBITDA and raised full-year revenue guidance, supported by a robust financial position.
Challenges include managing expenses, pricing strategies, and surgeon satisfaction, but opportunities lie in upcoming product launches, reimbursement rates, and surgeon engagement.

Treace Medical Concepts reports strong Q3 revenue growth and outlines future growth strategies

Treace Medical Concepts delivered strong Q3 results with revenue up 23% YoY, despite challenges from soft surgery demand and delayed product launches.
The company's focus on innovation, market expansion, and operational efficiency positions it for future growth and improved financial performance.
While facing short-term challenges, Treace's strategic investments, strong cash position, and product pipeline offer opportunities for sustained growth and market leadership.
Overall, Treace's performance reflects resilience and adaptability in navigating market dynamics, with a clear focus on driving innovation and capturing market opportunities.

Treace Medical Concepts reports robust Q4 earnings and eyes market expansion

Treace Medical Concepts (TMCI) delivered strong financial results in Q4 2023, with revenue growth, positive adjusted EBITDA, and a positive outlook for 2024.
The company's focus on new technologies, market penetration, and efficient sales models positions it well for continued growth and market expansion.
While facing challenges in maintaining gross margins and optimizing sales team productivity, Treace remains optimistic about growth potential and strategic positioning.

Treace Medical Concepts reports robust Q1 growth amidst competitive challenges

Treace Medical Concepts demonstrates strong growth momentum and financial resilience in Q1 2024, driven by product innovation and strategic partnerships.
While facing challenges from increased competition and market pressures, the company remains agile with revised guidance and a focus on cost management.
Opportunities for expansion and differentiation through new product launches and market partnerships position Treace for continued success in the orthopedic medical device sector.

Treace Medical Concepts reports robust Q2 growth and eyes Medicare opportunities

Treace Medical Concepts (TMCI) delivered strong Q2 results and is poised for continued growth with a focus on innovation and market expansion.
While facing challenges in product launch and market competition, the company's commitment to R&D and leveraging regulatory changes provides a solid foundation for future success.
Opportunities in Medicare payment rate increases and new product introductions offer avenues for revenue growth and market leadership in the medical device industry.

Treace Medical Concepts reports Q3 growth, faces patent lawsuit

Treace Medical Concepts showed solid revenue growth in Q3 2024 despite facing a net loss. The company's Nanoplasty system and strategic focus on bunion cases present growth opportunities. Legal challenges and financial losses are key areas of concern.

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Treace Medical Concepts (TMCI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.08 per share a year ago.

Treace Medical Concepts (TMCI) Reports Q4 Loss, Tops Revenue Estimates

PONTE VEDRA, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty ® and Adductoplasty ® Procedures, today reported financial results for the fourth quarter and full year ended December 31, 2023 and provided 2024 guidance.

Treace Medical Concepts Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides 2024 Guidance

Treace Medical Concepts (TMCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Treace Medical Concepts (TMCI) Q4 Earnings Expected to Decline

Company to Host Conference Call on Tuesday, February 27, 2024 at 4:30 pm ET Company to Host Conference Call on Tuesday, February 27, 2024 at 4:30 pm ET

Treace to Report Fourth Quarter and Full-Year 2023 Financial Results

PONTE VEDRA, Fla., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty ® and Adductoplasty ® Procedures, today announced three-year interim clinical data from its ALIGN3D™ post-market study supporting the use of the Lapiplasty® procedure for treating bunions were presented in a podium presentation at the 2024 American College of Foot and Ankle Surgeons (“ACFAS”) Annual Scientific Conference .

Treace Announces Interim 3-Year ALIGN3D™ Clinical Study Data at the 2024 ACFAS Scientific Conference Demonstrating Sustained, Positive Outcomes of the Lapiplasty® Procedure

Company Previews New SpeedPlate™ Configurations, Announces Full Commercial Release of its Micro-Lapiplasty™ System and Limited Clinical Release of its Mini-Adductoplasty™ System and RedPoint™ Patient-Specific Instrumentation Company Previews New SpeedPlate™ Configurations, Announces Full Commercial Release of its Micro-Lapiplasty™ System and Limited Clinical Release of its Mini-Adductoplasty™ System and RedPoint™ Patient-Specific Instrumentation

Treace to Highlight Latest Product Innovations and ALIGN3D™ Study Outcomes at the 2024 ACFAS Annual Scientific Conference

Company to Present at J.P. Morgan Healthcare Conference on Tuesday, January 9, 2024 at 3:45 pm Pacific Time Company to Present at J.P. Morgan Healthcare Conference on Tuesday, January 9, 2024 at 3:45 pm Pacific Time

Treace Announces Preliminary, Unaudited Fourth Quarter and Full-Year 2023 Revenue

PONTE VEDRA, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty® and Adductoplasty® Procedures, today announced that John T.

Treace to Present at 42nd Annual J.P. Morgan Healthcare Conference

Treace Medical Concepts, Inc. (NASDAQ:TMCI ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Julie Dewey - Chief Communications & Investor Relations Officer John Treace - Chief Executive Officer Mark Hair - Chief Financial Officer Conference Call Participants Danielle Antalffy - UBS Lilia-Celine Lozada - JPMorgan Richard Newitter - Truist Securities Rick Wise - Stifel Andrew Ranieri - Morgan Stanley Ryan Zimmerman - BTIG George Sellers - Stephens Inc. Operator Good day and thank you for standing by. Welcome to Treace Medical Concepts Third Quarter 2023 Earnings Conference Call.

Treace Medical Concepts, Inc. (TMCI) Q3 2023 Earnings Call Transcript

PONTE VEDRA, Fla., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction® Procedure, today reported financial results for the third quarter ended September 30, 2023.

Treace Medical Concepts Reports Third Quarter 2023 Financial Results

PONTE VEDRA, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction® Procedure, today announced that John T. Treace, Chief Executive Officer, and Mark L. Hair, Chief Financial Officer, will participate in a fireside chat at the Stifel 2023 Healthcare Conference on Tuesday, November 14, 2023, beginning at approximately 8:35 am ET.

Treace to Present at Stifel 2023 Healthcare Conference

Treace Medical Concepts, Inc. sells medical device treatments for foot bunions. The global market for bunion correction systems is forecasted to reach $1.25 billion by 2030. Treace Medical's financial trends have shown rising revenue but continued substantial operating losses.

Treace Medical Concepts Continues Growth Investments Despite High Operating Losses

Company to Host Conference Call on Thursday, November 9, 2023 at 4:30 pm ET Company to Host Conference Call on Thursday, November 9, 2023 at 4:30 pm ET

Treace to Report Third Quarter 2023 Financial Results

PONTE VEDRA, Fla., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction® Procedure, today announced it will highlight new product innovations and present new interim data for the ALIGN3D™ clinical study at the American Orthopaedic Foot & Ankle Society (AOFAS) Annual Meeting 2023 in Louisville, Kentucky from September 20-23, 2023.

Treace Highlights New Product Innovations and Updated ALIGN3D™ Clinical Study Data at the American Orthopaedic Foot & Ankle Society Annual Meeting 2023

PONTE VEDRA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction® Procedure, is pleased to announce the United States Patent and Trademark Office's (USPTO) forthcoming issuance of U.S. Patent No. 11,771,467, to publish on October 3, 2023 (the ‘467 Patent).

Treace Medical Concepts Announces New Patent Covering Instrumented Bunion Correction Procedures and Milestone 50th U.S. Patent

Further Expands Market Opportunity to Include Hammertoe Correction Company Receives 510(k) Clearance for Second-Generation SpeedPlate™ Implant Fixation Platform Ahead of Full Market Launch in Fourth Quarter of 2023 PONTE VEDRA, Fla., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, is pleased to announce the recent limited market release of several new complementary technologies for treating bunions and bunion-related procedures.

Treace Medical Concepts Announces Limited Market Release of New Complementary Technologies for Treating Bunions and Related Procedures

PONTE VEDRA, Fla., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, today announced that John T. Treace, Chief Executive Officer, and Mark L. Hair, Chief Financial Officer, will participate in a fireside chat at the 21st Annual Morgan Stanley Global Healthcare Conference on Wednesday, September 12, 2023, beginning at approximately 8:10 am ET.

Treace Announces Participation in the 21st Annual Morgan Stanley Global Healthcare Conference

PONTE VEDRA, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, today announced Nathan Minnich has been appointed Sr. Vice President, Marketing, effective immediately. In this new position, Mr. Minnich will lead all aspects of Treace's marketing efforts, with a focus on expanding the Company's physician outreach, patient awareness and market penetration efforts.

Treace Medical Concepts Appoints Nathan Minnich as Senior Vice President, Marketing

Treace Medical Concepts, Inc. (NASDAQ:TMCI ) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET Company Participants Julie Dewey - Chief Communications & Investor Relations Officer John Treace - Chief Executive Officer Mark Hair - Chief Financial Officer Conference Call Participants Lilia-Celine Breton Lozada - JPMorgan Ryan Zimmerman - BTIG Operator Good day and thank you for standing by. Welcome to the Treace Medical Concepts' Second Quarter 2023 Earnings Conference Call.

Treace Medical Concepts, Inc. (TMCI) Q2 2023 Earnings Call Transcript

PONTE VEDRA, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, today reported financial results for the second quarter ended June 30, 2023.

Treace Medical Concepts Reports Second Quarter 2023 Financial Results

PONTE VEDRA, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, today announced that John T. Treace, Chief Executive Officer, and Mark L. Hair, Chief Financial Officer, will participate in a fireside chat at the UBS Medtech, Tools and Genomics Summit on Wednesday, August 16, 2023, beginning at approximately 8:00 am PT.

Treace Announces Participation in the UBS Medtech, Tools and Genomics Summit 2023

Treace Medical Concepts continues to present with attractive economic characteristics. TMCI has penetrated 5.8% of the $5bn US bunion surgery market, with management revising FY'23 revenue guidance to $196mm, a 38% YoY growth. Net-net, reiterate buy, eying $31 price objective.

Treace Medical: New Surgeons, Higher ASPs, And More Lapiplasties: A Positive Trend

PONTE VEDRA, Fla., July 18, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it will release financial results for the second quarter of 2023 after the close of trading on Tuesday, August 8, 2023. Company management will host a conference call to discuss financial results beginning at 4:30 pm ET.

Treace to Report Second Quarter 2023 Financial Results on August 8, 2023

PONTE VEDRA, Fla., July 12, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ Procedure, today announced that Julie Dewey will join the Company as Chief Communications and Investor Relations Officer, effective July 17, 2023. In this new position, Ms. Dewey will lead all aspects of Treace's corporate communications and investor relations engagement, with a focus on expanding the company's outreach with the investment community and broadening the Company's relationships with key stakeholders, including current and potential investors, securities analysts, and the media.

Treace Appoints Julie Dewey as Chief Communications and Investor Relations Officer

PONTE VEDRA, Fla., June 13, 2023 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has completed its previously announced acquisition of certain assets from MIOS Marketing, LLC d/b/a RedPoint Medical3D (“RPM-3D”), a medical technology company offering pre-operative planning and patient-specific instrumentation (PSI) guides, designed to deliver accurate surgical correction of deformities, tailored to the patient's unique foot anatomy.

Treace Medical Completes Acquisition of Technology Enabling Patient Specific Instrumentation and Reports on Clinical Cases Using PSI with the Lapiplasty® System

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