Fourth Quarter Revenue Growth
Treace Medical reported fourth quarter revenue of $68.7 million, a 10.4% increase over the same period in 2023, reaching the top-end of their preliminary results.
Full-Year Revenue Increase
The company reported full-year 2024 revenue of $209.4 million, a 12% increase compared to 2023, achieving the top-end of their guidance.
Successful New Product Launches
Treace Medical successfully introduced new technologies such as Nanoplasty, MicroQuad SpeedPlate, Percuplasty, and IntelliGuide PSI, with positive early feedback from both new and existing surgeon customers.
Significant Adjusted EBITDA Improvement
The company reported a 322% improvement in adjusted EBITDA for the fourth quarter 2024, achieving $11.1 million compared to $2.6 million in 2023.
Expansion of Product Portfolio
Treace Medical expanded its product portfolio with innovative solutions targeting all four classes of bunions, including less invasive options for procedures and the addition of SpeedMTP for arthritic great toe joints.