TMCI Q3 FY2026 earnings: results, stock reaction and implied move

Reported results

Third quarter 2026 revenue was $48.3 million, a 4% decrease compared to $50.2 million in the third quarter of 2025.
Third quarter 2026 net loss was $(12.6) million, or $(0.19) per share, compared to $(16.3) million, or $(0.26) per share, in the third quarter of 2025.
Third quarter 2026 Adjusted EBITDA was $0.3 million, compared to $(2.6) million in the third quarter of 2025.
Gross profit for the third quarter of 2026 was $38.4 million, with gross margin of 79.5%.
Total operating expenses decreased 10% to $49.9 million in the third quarter of 2026 compared to $55.4 million in the third quarter of 2025.
Cash, cash equivalents, and marketable securities totaled $39.8 million as of September 30, 2026.

Full-year 2026 revenue guidance is updated to be in the range of $206 million to $210 million.
Full-year 2026 Adjusted EBITDA loss is expected to be in the range of $1.0 million to $2.0 million.
Reiterated expectation for a reduction in cash usage of approximately 50% for full-year 2026 as compared to the full year 2025.

The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.