Treace Medical Concepts, Inc.

TMCI

TMCITreace Medical Concepts, Inc. US flag

NASDAQ Global Select

3.40

USD

-0.07

- -

220.57MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	39	57	94	142	187	209	213
+ Sales & Services Revenue	39	57	94	142	187	209	213
- Cost of Revenue	8	12	17	26	35	41	43
+ Cost of Goods & Services	8	12	17	26	35	41	43
Gross Profit	32	45	78	116	152	168	170
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	35	44	94	151	203	224	224
+ Selling, General & Admin	30	38	84	138	188	203	204
+ Research & Development	5	6	10	14	15	21	20
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-4	1	-17	-35	-51	-56	-54
- Non-Operating (Income) Loss	1	5	4	8	-2	- -	5
+ Interest Expense, Net	1	5	4	3	-2	- -	3
+ Interest Expense	1	5	4	4	5	5	5
- Interest Income	- -	- -	- -	1	7	5	3
+ Other Non-Op (Income) Loss	- -	- -	- -	5	- -	- -	2
Pretax Income	-4	-4	-21	-43	-50	-56	-59
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-4	-4	-21	-43	-50	-56	-59
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-4	-4	-21	-43	-50	-56	-59
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-4	-4	-21	-43	-50	-56	-59
- Preferred Dividends	1	1	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-5	-4	-21	-43	-50	-56	-59
EBIT	-4	1	-17	-35	-51	-56	-54
EBITDA	-3	2	-16	-33	-46	-47	-44
EBITDA Margin (%)	-6.96	3.6	-16.76	-23.06	-24.62	-22.58	-20.47
EBITA	-4	1	-17	-35	-51	-56	-54
Gross Margin (%)	80.64	78.26	82.11	82	81.2	80.37	79.81
Operating Margin (%)	-8.97	1.49	-17.49	-24.57	-27.48	-26.6	-25.46
Profit Margin (%)	-10.82	-6.39	-21.77	-30.19	-26.47	-26.63	-27.74
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	1	1	2	5	8	11
Basic Weighted Avg Shares	44	44	48	55	61	62	- -
Basic EPS, GAAP	-0.11	-0.1	-0.43	-0.77	-0.81	-0.9	- -
Basic EPS from Cont Ops	-0.1	-0.08	-0.42	-0.77	-0.81	-0.9	- -
Diluted Weighted Avg Shares	44	44	48	55	61	62	- -
Diluted EPS, GAAP	-0.11	-0.1	-0.43	-0.77	-0.81	-0.9	- -
Diluted EPS from Cont Ops	-0.1	-0.08	-0.42	-0.77	-0.81	-0.9	- -

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	29	41	138	133	198	161	132
+ Cash, Cash Equivalents & STI	12	18	106	81	123	76	48
+ Cash & Cash Equivalents	12	18	106	19	13	11	11
+ ST Investments	- -	- -	- -	62	110	64	38
+ Accounts & Notes Receiv	10	14	19	29	38	41	42
+ Accounts Receivable, Net	10	14	19	29	38	41	42
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	6	8	11	19	29	39	36
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	6	8	11	19	29	39	36
+ Other ST Assets	- -	1	3	4	8	6	6
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1	1	3	26	54	56	59
+ Property, Plant & Equip, Net	1	1	3	25	32	34	37
+ Property, Plant & Equip	3	3	6	30	40	50	61
- Accumulated Depreciation	2	3	3	4	9	15	24
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	22	21	21
+ Total Intangible Assets	- -	- -	- -	- -	22	21	20
+ Goodwill	- -	- -	- -	- -	13	13	13
+ Other Intangible Assets	- -	- -	- -	- -	9	8	7
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	1
Total Assets	30	42	141	159	252	217	191
+ Payables & Accruals	5	8	14	22	30	26	22
+ Accounts Payable	1	2	4	9	12	11	7
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	5	10	14	18	15	15
+ ST Debt	- -	2	- -	- -	1	- -	2
+ ST Borrowings	- -	2	- -	- -	- -	- -	2
+ ST Finance Leases	- -	- -	- -	- -	1	- -	1
+ Other ST Liabilities	3	2	4	8	14	9	6
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	2	4	8	14	9	6
Total Current Liabilities	7	12	18	30	45	35	31
+ LT Debt	19	29	29	68	69	69	70
+ LT Borrowings	19	29	29	53	53	53	56
+ LT Finance Leases	- -	- -	- -	16	16	16	14
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	3
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	3
Total Noncurrent Liabilities	19	29	30	68	69	69	73
Total Liabilities	27	41	48	98	114	104	103
+ Preferred Equity and Hybrid Capital	8	8	- -	- -	- -	- -	- -
+ Share Capital & APIC	13	14	135	145	272	303	337
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	13	14	135	145	272	303	337
- Treasury Stock	- -	- -	- -	- -	- -	- -	1
+ Retained Earnings	-18	-21	-42	-85	-134	-190	-249
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	3	1	93	61	138	113	87
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	3	1	93	61	138	113	87
Total Liabilities & Equity	30	42	141	159	252	217	191
Shares Outstanding	50	50	54	56	62	62	64
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	16	17	16	15
Net Debt	7	13	-76	33	40	42	47
Net Debt to Equity	224.11	1,662.11	-82.16	54.91	29.02	37.16	53.38
Tangible Common Equity Ratio	-16.07	-17.12	66.09	38.06	50.46	46.89	39.49
Current Ratio	3.9	3.53	7.58	4.41	4.4	4.62	4.31
Cash Conversion Cycle	- -	235.45	203.75	207.42	234.61	293.13	311.91

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-4	-4	-21	-43	-50	-56	-59
+ Depreciation & Amortization	1	1	1	2	5	8	11
+ Non-Cash Items	1	2	4	16	19	36	41
+ Stock-Based Compensation	1	1	3	8	17	31	34
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	- -	7	2	5	7
+ Chg in Non-Cash Work Cap	-5	-4	-1	-6	-10	-25	-9
+ (Inc) Dec in Accts Receiv	-6	-4	-4	-11	-9	-6	-2
+ (Inc) Dec in Inventories	-3	-2	-3	-9	-10	-10	3
+ (Inc) Dec in Prepaid Assets	- -	- -	-2	-1	-1	2	- -
+ Inc (Dec) in Accts Payable	4	2	8	12	11	-9	-6
+ Inc (Dec) in Other	- -	- -	- -	3	- -	-3	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-8	-4	-17	-31	-35	-37	-16
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	-3	-15	-11	-12	-14
+ Acq of Fixed Prod Assets	-1	-1	-3	-15	-11	-12	-14
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	108	- -	108	- -	- -
+ Increase in Capital Stock	- -	- -	108	- -	108	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	-62	-50	47	27
+ Dec in LT Investment	- -	- -	- -	2	120	119	67
+ Inc in LT Investment	- -	- -	- -	-63	-170	-72	-41
+ Net Cash From Acq & Div	- -	- -	- -	- -	-20	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-20	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-1	-3	-77	-81	35	13
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	20	11	-2	20	- -	- -	59
+ Cash From Debt	20	31	- -	54	- -	- -	59
+ Repayments of Debt	- -	-20	-2	-34	- -	- -	- -
+ Other Financing Activities	- -	- -	2	1	2	- -	-57
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	20	12	108	21	109	- -	2
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	11	6	88	-86	-6	-2	-1
EBITDA	-3	2	-16	-33	-46	-47	-44
EBITDA Margin (%)	-6.96	3.6	-16.76	-23.06	-24.62	-22.58	-20.47
Free Cash Flow	-9	-6	-20	-45	-46	-49	-29
Net Cash Paid for Acquisitions	- -	- -	- -	- -	20	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	5	-30	-26	-46	-49	30
Free Cash Flow per Basic Share	-0.2	-0.13	-0.41	-0.82	-0.76	-0.79	- -
Price/Free Cash Flow	- -	- -	-62.29	-80.38	-33.56	-18.07	- -
Cash Flow to Net Income	1.8	1.23	0.84	0.72	0.7	0.67	0.27
Capital Expenditures	-1	-1	-3	-15	-11	-12	-14