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Income Statement
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TREACE MEDICAL CONCEPTS, INC. (TMCI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-05-20Dec-31-19
   10-K8-K10-K8-K10-K8-K10-K
Revenues  141.8141.894.494.457.457.439.4
            Revenue growth  50.2%50.2%64.6%64.6%45.5%  
Cost of goods sold  27.527.517.817.812.512.57.6
Gross profit  114.3114.376.676.644.944.931.8
            Gross margin  80.6%80.6%81.1%81.1%78.3%78.3%80.6%
Selling, general and administrative   [+]135.6135.682.982.938.238.230.3
Research and development  13.613.610.210.25.85.85.1
EBITDA   [+]-32.7-32.7-15.8-15.82.1 -2.7
            EBITDA margin  -23.1%-23.1%-16.8%-16.8%3.6%1.5%-7.0%
Depreciation and amortization  2.12.10.70.71.2 0.8
EBIT   [+]-34.8-34.8-16.5-16.50.90.9-3.5
            EBIT margin  -24.6%-24.6%-17.5%-17.5%1.5%1.5%-9.0%
Interest expense, net   [+]3.5 4.0 1.02.80.7
Other income (expense), net   [+]-4.5-8.0 -4.0-3.5-1.7 
Pre-tax income  -42.8-42.8-20.6-20.6-3.7-3.7-4.3
Income taxes  0.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -42.80.0-20.70.0-4.30.0-4.9
            Net margin  -30.2%0.0%-22.0%0.0%-7.5%0.0%-12.4%
   
Basic EPS   [+]($0.77)($0.77)($0.43)($0.43)($0.12)($0.12)($0.13)
Diluted EPS   [+]($0.77)($0.77)($0.43)($0.43)($0.12)($0.12)($0.13)
   
Shares outstanding (basic)   [+]55.30.148.40.037.10.036.9
Shares outstanding (diluted)   [+]55.30.148.40.037.10.036.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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