Jayna Renee Francis's questions to Treace Medical Concepts Inc (TMCI) leadership • Q1 2025
Question
Jayna Renee Francis of UBS requested a breakdown of the assumptions for the high and low ends of the full-year revenue guidance and asked about the drivers of operating leverage to achieve adjusted EBITDA breakeven in 2025.
Answer
Mark Hair, Chief Financial Officer, stated that the company is comfortable at the midpoint of its guidance range, with the high end being achievable through faster-than-expected adoption of the new comprehensive bunion solutions. For profitability, he cited three consecutive quarters of adjusted EBITDA improvement driven by operational efficiencies, particularly in sales and marketing, while reaffirming the commitment to reduce cash burn by 50% in 2025 and continuing to invest in R&D.