Press release
Lawsuit filed for Investors who lost money with shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI)
A lawsuit was filed on behalf of investors in Treace Medical Concepts, Inc. (NASDAQ: TMCI) shares.
Investors who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) have certain options and for certain investors are short and strict deadlines running. Deadline: June 10, 2025. NASDAQ: TMCI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Ponte Vedra, FL based Treace Medical Concepts, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of medical devices for foot and ankle surgeons in the United States.
On May 7, 2024, Treace Medical Concepts, Inc issued a release reporting, among other things, that it lowered its full-year 2024 revenue guidance from between $220 million and $225 million to between $201 million and $211 million. During the associated earnings call the same day, Treace Medical Concepts, Inc revealed competition from minimally invasive osteotomy and Lapiplasty "knockoffs" created headwinds for Lapiplasty growth.
Shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) declined from $15.98 per share on February 12, 2024, to as low as $3.92 per share on May 08, 2024.
On February 27, 2025, Treace Medical Concepts, Inc reported its financial results for the fourth quarter and full year ended December 31, 2024. Treace Medical Concepts, Inc. reported that its Total Revenue rose from $187.11 million in 2023 to $209.35 million in 2024, and that its Net Loss increased from $49.52 million in 2023 to$55.74 million in 2024.
The plaintiff claims that between May 8, 2023, and May 7, 2024, the Defendants failed to disclose that competition impacted the demand for and utilization of its primary product, the Lapiplasty 3D Bunion Correction System (the "Lapiplasty"), that as a result, Treace Medical's revenue declined and the Company needed to accelerate its plans to offer a product that was an alternative to osteotomy (a surgical procedure that involves cutting and realigning a bone to improve its position or function), and that the Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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