NASDAQ$TMCI
Treace Medical Concepts Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported a 49% increase in revenue and gross margin of 80.4% for the fourth quarter of 2022.
Treace Medical Concepts reported a strong fourth quarter in 2022, with revenue increasing by 49% compared to the same period last year. The company's gross margin remained high at 80.4%, and there was increased adoption of Lapiplasty procedure.
- Revenue of $49.8 million in the fourth quarter of 2022, a 49% increase over the same period last year and a 51% increase sequentially.
- Blended average revenue per Lapiplasty® procedure kit sold was $5,907, a 10% increase over the same period last year and a 2% increase sequentially.
- Gross margin of 80.4% in the fourth quarter 2022.
- Fourth quarter revenue contribution from direct sales channel increased to 77% of sales compared to 58% during the fourth quarter 2021.
Headline financials
Revenue & EPS history
Treace · Revenue · Quarterly
$49.8M
Forward guidance
Treace expects revenue for the full year 2023 to range from $187 million to $193 million, which represents approximately 32% to 36% growth over the Company’s 2022 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 2022
-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
| Quarter | Report date | Reaction (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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