Financial Snapshot

Revenue
$202.9M
TTM
Gross Margin
80.54%
TTM
Net Earnings
-$61.52M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
411.89%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$104.9M
Q3 2024
Cash
Q3 2024
P/E
-8.161
Nov 29, 2024 EST
Free Cash Flow
-$43.19M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $187.1M $141.8M $94.42M $57.37M $39.42M
YoY Change 31.92% 50.22% 64.59% 45.54%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $187.1M $141.8M $94.42M $57.37M $39.42M
Cost Of Revenue $35.18M $27.52M $17.83M $12.47M $7.631M
Gross Profit $151.9M $114.3M $76.59M $44.90M $31.79M
Gross Profit Margin 81.2% 80.6% 81.12% 78.26% 80.64%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $187.9M $135.6M $82.90M $38.19M $30.25M
YoY Change 38.61% 63.54% 117.05% 26.26%
% of Gross Profit 123.69% 118.6% 108.23% 85.07% 95.17%
Research & Development $15.44M $13.60M $10.20M $5.847M $5.070M
YoY Change 13.53% 33.28% 74.52% 15.33%
% of Gross Profit 10.16% 11.9% 13.32% 13.02% 15.95%
Depreciation & Amortization $5.352M $2.100M $700.0K $1.200M $800.0K
YoY Change 154.86% 200.0% -41.67% 50.0%
% of Gross Profit 3.52% 1.84% 0.91% 2.67% 2.52%
Operating Expenses $203.4M $149.2M $93.10M $44.04M $35.32M
YoY Change 36.34% 60.21% 111.41% 24.69%
Operating Profit -$51.43M -$34.84M -$16.51M $855.0K -$3.535M
YoY Change 47.59% 111.05% -2030.99% -124.19%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $5.167M $4.398M $4.060M $2.777M $841.0K
YoY Change 17.49% 8.33% 46.2% 230.2%
% of Operating Profit 324.8%
Other Income/Expense, Net $1.901M -$7.971M -$4.042M -$4.523M -$730.0K
YoY Change -123.85% 97.2% -10.63% 519.59%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$49.53M -$42.82M -$20.55M -$3.670M -$4.270M
YoY Change 15.68% 108.33% 460.0% -14.05%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$49.53M -$42.82M -$20.55M -$3.668M -$4.265M
YoY Change 15.68% 108.33% 460.31% -14.0%
Net Earnings / Revenue -26.47% -30.19% -21.77% -6.39% -10.82%
Basic Earnings Per Share -$0.81 -$0.77 -$0.43 -$0.12
Diluted Earnings Per Share -$0.81 -$0.77 -$424.5K -$132.4K -$154.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $123.2M $81.25M $105.8M $18.08M $12.14M
YoY Change 51.62% -23.23% 485.36% 48.93%
Cash & Equivalents $3.160M $16.21M $105.8M $18.08M $12.14M
Short-Term Investments $110.2M $61.78M
Other Short-Term Assets $7.853M $3.624M $3.010M $590.0K $460.0K
YoY Change 116.69% 20.4% 410.17% 28.26%
Inventory $29.25M $19.33M $10.56M $7.820M $5.560M
Prepaid Expenses
Receivables $38.06M $29.20M $18.57M $14.49M $10.41M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $198.4M $133.4M $138.0M $40.98M $28.57M
YoY Change 48.69% -3.31% 236.68% 43.44%
Property, Plant & Equipment $31.56M $25.48M $2.849M $830.0K $1.150M
YoY Change 23.89% 794.21% 243.25% -27.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $146.0K $146.0K
YoY Change 0.0%
Total Long-Term Assets $53.55M $25.62M $2.849M $830.0K $1.150M
YoY Change 108.99% 799.33% 243.25% -27.83%
Total Assets $251.9M $159.0M $140.8M $41.81M $29.72M
YoY Change
Accounts Payable $11.84M $8.668M $4.056M $2.270M $930.0K
YoY Change 36.54% 113.71% 78.68% 144.09%
Accrued Expenses $30.17M $21.58M $14.15M $7.540M $6.400M
YoY Change 39.82% 52.44% 87.72% 17.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $1.790M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.03M $30.25M $18.21M $11.60M $7.330M
YoY Change 48.89% 66.09% 56.98% 58.25%
Long-Term Debt $53.01M $52.71M $29.37M $29.19M $19.22M
YoY Change 0.56% 79.5% 0.6% 51.87%
Other Long-Term Liabilities $15.93M $15.54M $173.0K $240.0K $0.00
YoY Change 2.5% 8882.08% -27.92%
Total Long-Term Liabilities $68.94M $68.25M $29.54M $29.43M $19.22M
YoY Change 1.01% 131.06% 0.37% 53.12%
Total Liabilities $114.0M $98.50M $47.75M $41.03M $26.56M
YoY Change 15.71% 106.28% 16.37% 54.48%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 60.85M 55.28M 48.42M 37.07M
Diluted Shares Outstanding 60.85M 55.28M 48.42M 37.07M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $502.11 Million

About TREACE MEDICAL CONCEPTS, INC.

Treace Medical Concepts, Inc. engages in the design, manufacture, and marketing of orthopedic medical devices and biologic solutions. The company is headquartered in Ponte Vedra, Florida and currently employs 516 full-time employees. The company went IPO on 2021-04-23. The firm is focused on advancing the standard of care for the surgical management of bunion and related midfoot deformities. The company has patented the Lapiplasty 3D Bunion Correction System a combination of instruments, implants, and surgical methods designed to surgically correct all three planes of the bunion deformity and secure the unstable joint, addressing the root cause of the bunion and helping patients get back to their active lifestyles. The company also has Adductoplasty Midfoot Correction System, designed for reproducible surgical correction of the midfoot as well as its Hammertoe PEEK Fixation System designed to address hammertoe, claw toe and mallet toe deformities. The Lapiplasty, Adductoplasty and Hammertoe PEEK Fixation Systems are comprised of single-use implant kits and reusable instrument trays. The firm sells these products to physicians, surgeons, hospitals and ambulatory surgery centers in the United States.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES AtriCure, Inc. Cryoport, Inc. LEMAITRE VASCULAR INC NEVRO CORP Paragon 28, Inc. PROCEPT BioRobotics Corp TransMedics Group, Inc.