TREACE MEDICAL CONCEPTS INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
TMCI$4.78+18.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $209,357 | $187,118 | $141,838 |
| Cost of goods sold | 41,093 | 35,181 | 25,532 |
| Gross profit | 168,264 | 151,937 | 116,306 |
| Operating expenses | |||
| Sales and marketing | 147,643 | 140,894 | 104,567 |
| Research and development | 20,589 | 15,440 | 13,584 |
| General and administrative | 55,720 | 47,031 | 32,999 |
| Total operating expenses | 223,952 | 203,365 | 151,150 |
| Loss from operations | (55,688) | (51,428) | (34,844) |
| Interest income | 4,877 | 6,726 | 1,313 |
| Interest expense | (5,256) | (5,167) | (4,398) |
| Debt extinguishment loss | — | — | (4,483) |
| Other income, net | 324 | 342 | (403) |
| Other non-operating income (expense), net | (55) | 1,901 | (7,971) |
| Net loss | (55,743) | (49,527) | (42,815) |
| Other comprehensive income (loss) | |||
| Unrealized gain (loss) on marketable securities | (66) | 190 | (27) |
| Comprehensive loss | $(55,809) | $(49,337) | $(42,842) |
| Net loss per share, basic and diluted | $(0.90) | $(0.81) | $(0.77) |
| Weighted-average shares used in computing net loss per share, basic and diluted | 62,112,037 | 60,852,153 | 55,276,834 |
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