NASDAQ$TMCI

Treace Medical Concepts Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Treace Medical Concepts reported financial results, showing revenue increase and strategic investments.

Treace Medical Concepts reported a strong fourth quarter with a 39% increase in revenue compared to the same period last year, driven by the bunion-focused direct sales channel and direct-to-consumer programs. The company's gross margin also increased to 81.1%.

  • Revenue of $33.4 million, a 39% increase over the same period last year and a 55% increase sequentially.
  • Gross margin of 81.1%, an increase of 220 basis points from the same period last year.
  • Increased strategic investments in sales and marketing programs, including expanded direct sales channel and direct-to-consumer (DTC) campaigns, as well as R&D programs for product innovations.
  • Fourth quarter revenue contribution from bunion-focused direct sales channel was 58% of sales, an increase from an average of 39% in the fourth quarter 2020.

Headline financials

Total Revenue

$33.4M

Previous: $24.1M+38.7%
EPS (adj)

-$0.12

Previous: -$0.09-33.7%
Gross Margin

81.1%

Previous: 78.9%+2.8%
Capital Expenditures

$900K

Previous: $88K+922.7%
Free Cash Flow

-$4.65M

Previous: $2.36M-297.1%
Net Income

-$6.62M

Previous: $2.41M-375.1%
Operating Income

-$5.6M

Previous: $3.64M-254.0%
Gross Profit

$27.1M

Previous: $19M+42.6%
Cash & Equivalents

$106M

Previous: $18.1M+485.4%
Total Assets

$141M

Previous: $41.8M+236.8%
Stock-Based Comp

$1.29M

Previous: $337K+283.7%

Revenue & EPS history

Treace · Revenue · Quarterly

$33.4M

Q4 2021+38.7%vs Q4 2020
Beat estimate in 11 of 12 quarters(92%)
ActualEstimate

Forward guidance

Treace expects revenue for the full year 2022 to range from $125 million to $130 million, which represents approximately 32% to 38% growth over the Company’s 2021 revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-5.8%

Avg return

Earnings day

-5.9%

Avg return

5 days after

-3.7%

Avg return

30 days after

33%

7 / 21 earnings

Positive

+43.3%

Q3 2024

Best reaction

-62.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.7%+31.8%+82.3%
Q4 2025-11.0%-30.0%-41.9%
Q3 2025-28.6%-46.6%-56.0%
Q1 2025-9.5%-10.9%-22.9%
Q4 2024-2.1%+0.0%-7.4%
Q3 2024+43.3%+48.1%+42.7%
Q2 2024+2.7%-8.5%-13.9%
Q1 2024-62.8%-60.9%-45.5%
Q4 2023-5.7%-6.4%-8.9%
Q3 2023-42.1%-32.0%-11.4%
Q2 2023-16.9%-20.3%-31.3%
Q1 2023-5.5%-4.9%-0.9%
Q4 2022+21.1%+19.0%+37.5%
Q3 2022+1.9%+16.1%+13.7%
Q2 2022-1.3%+1.0%+10.1%
Q1 2022-14.4%-30.2%-9.3%
Q4 2021-1.0%-7.4%-5.7%
Q3 2021-0.8%-6.6%-28.5%
Q2 2021-3.3%-5.9%-3.2%
Q4 2020+4.7%+14.9%+11.5%
Q1 2021+4.7%+14.9%+11.5%
Q3 2020
Q2 2020
Q1 2020

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