Treace Medical Concepts, Inc. Stock Price, News & Analysis

Treace Medical Concepts, Inc. (NasdaqGS: TMCI) has received FDA 510(k) clearance for its SpeedPlate™ Rapid Compression Implant System, enabling its use in fracture fixation, osteotomy fixation, and joint arthrodesis of the foot and ankle. This innovative system, designed for rapid delivery of titanium compression implants, enhances the minimally invasive Micro-Lapiplasty® procedure. Anticipated limited release of SpeedPlate™ implants is set for the first half of 2023, with broader access planned for the second half. Treace aims to improve surgical outcomes for bunion patients.

Treace Medical Concepts (TMCI) reported third-quarter 2022 revenue of $33.1 million, marking a 53% increase year-over-year. The gross margin stood at 80.0%, with a gross profit of $26.4 million. Direct sales contributed 74% of total revenue, significantly up from 53% in Q3 2021. Despite this, the net loss increased to ($12.1 million), or ($0.22) per share, compared to ($6.4 million) a year earlier. Treace raised its 2022 revenue guidance to $135 million to $138 million, reflecting 43% to 46% growth over 2021.

PONTE VEDRA, Fla., Oct. 25, 2022 – Treace Medical Concepts, Inc. (TMCI), a leader in bunion surgical treatment, announced participation in two upcoming investor conferences. CEO John T. Treace and CFO Mark L. Hair will represent the company at the J.P. Morgan Equity Opportunities Forum on November 14, 2022, and at the Stifel 2022 Healthcare Conference on November 15, 2022. The latter will feature a fireside chat at 9:10 AM ET, accessible via the company’s investor relations website. Treace aims to revolutionize bunion surgery with its patented Lapiplasty® system, targeting 1.1 million surgical candidates in the U.S.

Treace Medical Concepts (NasdaqGS: TMCI) announced it will release its third quarter 2022 financial results on November 8, 2022, post-market. The company focuses on enhancing surgical treatments for bunions, affecting around 65 million Americans. They have developed the patented Lapiplasty® 3D Bunion Correction™ system and recently introduced the Adductoplasty™ Midfoot Correction System. A conference call will follow the earnings release at 4:30 PM ET, where management will discuss the results.

Treace Medical Concepts (TMCI) announced the appointments of Lance E. Berry and Jane E. Kiernan to its board of directors, effective October 1, 2022. Their extensive experience in the medical device sector is expected to enhance Treace's board capabilities. Chairman James T. Treace highlighted that their expertise will support the company's strategies in tapping a $5 billion market opportunity. The Lapiplasty® system aims to improve surgical treatments for bunions, addressing a market of around 1.1 million annual surgical candidates in the U.S.

Treace Medical Concepts (TMCI) is showcasing innovative products at the 2022 AOFAS Annual Meeting in Quebec City, from September 14-17. Key highlights include the Lapiplasty® Micro-Incision™ System, which allows for smaller surgical incisions in bunion correction, and the SpeedPlate™ Rapid Compression Implants, a new fixation technology awaiting FDA review. Additionally, the company is featuring commercially available innovations like the Lapiplasty® S4A Anatomic Plating Kit and various tissue release instruments, emphasizing its commitment to advancing surgical care for bunion patients.

Treace Medical Concepts, Inc. (NasdaqGS: TMCI) announced the interim analysis from the ALIGN3D™ clinical study during the AOFAS Annual Meeting. The study evaluated 159 patients who underwent the Lapiplasty® Procedure, revealing key results: an early return to weightbearing at an average of 8.3 days, a low recurrence rate of 1.4%, and an 81% reduction in pain after 24 months. Significant improvements were noted in patient-reported outcomes, with an 82% increase in walking/standing and 84% in social interaction. The ALIGN3D™ study continues to demonstrate the effectiveness and reliability of the Lapiplasty® Procedure.

Treace Medical Concepts (TMCI) announced that CEO John T. Treace and CFO Mark L. Hair will participate in a fireside chat at the Morgan Stanley 20th Annual Global Healthcare Conference on September 13, 2022, at 8:35 am ET. This event will highlight the company’s advancements in the surgical treatment of hallux valgus (bunions) through its patented Lapiplasty® 3D Bunion Correction™ procedure. A live webcast will be available on the company’s investor relations website.