PONTE VEDRA, Fla. (AP) — PONTE VEDRA, Fla. (AP) — Treace Medical Concepts Inc. (TMCI) on Thursday reported a loss of $501,000 in its fourth quarter.
The Ponte Vedra, Florida-based company said it had a loss of 1 cent per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The orthopedic medical device maker posted revenue of $68.7 million in the period.
For the year, the company reported a loss of $55.7 million, or 90 cents per share. Revenue was reported as $209.4 million.
Treace Medical Concepts expects full-year revenue in the range of $224 million to $230 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMCI at https://www.zacks.com/ap/TMCI
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