Treace Medical Concepts Inc.’s revenue fell in the fourth quarter, but CEO John Treace expressed confidence in the company’s strategy at an investor conference.
In a news release before Treace spoke Jan. 14 at the J.P. Morgan Healthcare Conference, the company said it expects to report fourth-quarter revenue of $62.1 million to $62.5 million, 9% lower than last year.
Revenue for all of 2025 rose about 2% to $212.3 million to $212.7 million, it said.
Ponte Vedra-based Treace Medical produces surgical products to treat bunions and related foot issues.
The company has disappointed investors for the past two years as it lowered revenue growth forecasts.
Its stock fell 67% in 2025, the worst performance of any Northeast Florida-based company that trades above $1.
However, Treace said market share gains show the company is on the right track.
“With continued gains across our key operating metrics, this reaffirms our belief that we have the right strategies in place to expand market penetration with our differentiated technologies,” he said.
Treace said the number of surgeons actively using the company’s products has grown 21% per year over the last five years to 3,337.
The company’s market penetration has doubled since 2021 to 7.8% of annual bunion surgery cases.
Treace also said the company has reduced its cash usage and it expects to report positive adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter.
Treace Medical has been trying to regain investor confidence since it lowered its revenue projections in mid-2024. The company began the year projecting sales growth of 18% to 20%, but ended 2024 with an increase of 12% to $209 million.
The company was projecting 7% to 10% growth last year, but in November 2025, it lowered its growth forecast to 1% to 2%.
Treace Medical said it will provide financial guidance for 2026 when it issues its final report on 2025 results Feb. 26.
Jacksonville-based Redwire Corp. said Jan. 13 it is rebranding its Edge Autonomy business, which it acquired in June 2025, under the corporate name.
Redwire was mainly a space technology company but the addition of uncrewed aerial systems company Edge Autonomy expanded the business into defense technology.
The company said it will align its businesses into two segments, space and defense, both under the Redwire brand.
“This realignment optimizes our business for operational execution and aligns Redwire’s technology portfolio under a unified brand that represents innovation and excellence across multiple domains,” CEO Peter Cannito said in a news release.
“Redwire has a strong growth trajectory, and this new structure will enable us to continue our momentum in key domains while providing clear visibility into our strong positioning and scale in rapidly accelerating markets,” he said.
Redwire projected annual revenue of $535 million to $605 million when it completed its $925 million acquisition of Edge Autonomy.
With the addition of that business in mid-2025, Redwire was forecasting revenue of $385 million to $445 million for the full year.
However, the company lowered its 2025 forecast to $320 million to $340 million when it reported third-quarter results in November, citing delays in contracts because of the federal government shutdown.
With the reduced revenue, Redwire’s stock had the second-biggest drop among Jacksonville-based companies in 2025, falling 54%.
The average analyst’s forecast for 2026 revenue is about $474 million, according to Yahoo Finance.
Redwire said it will give more details of its new structure in its fourth-quarter financial report, but it didn’t give a date for the report.
After Fidelity National Information Services Inc., or FIS, completed two transactions Jan. 9, Deutsche Bank analyst Nate Svensson resumed coverage of the Jacksonville-based financial technology firm with a “hold” rating.
FIS sold its remaining minority interest in payments processing firm Worldpay to Global Payments Inc. while acquiring Global Payments’ credit processing business.
“We see these transactions as a clever asset swap where FIS was able to exchange its passive, 45% non-controlling stake in Worldpay (which generated no cash flow for FIS) for a high-margin, cash-generative asset,” Svensson said in his research report.
“The acquisition strengthens FIS’s payments offering by adding critical credit processing at scale to its product suite, allowing the company to complete its payments offering with scaled credit processing capability,” he said.
“This strategic repositioning simplifies and enhances FIS’s operating portfolio, extending its value proposition to financial institutions and corporates by offering a broad suite of solutions and expanding its global distribution and marquee clients.”
While he likes the deal and expects it to be accretive to earnings, Svensson is remaining cautious on the stock.
“Our view is that the company will need to demonstrate several quarters of solid integration execution and faster than anticipated revenue growth/synergy realization before a re-rating occurs,” he said.
Svensson set a $70 price target for the stock, which was trading at $66.24 at the time of his Jan. 14 report.
Truist Securities analyst Lucas Servera lowered his fourth-quarter earnings estimate for Landstar System Inc., but sees a possible upside for the Jacksonville-based trucking company.
Servera maintains a “hold” rating on Landstar’s stock and lowered his earnings estimate by 7 cents to $1.27 a share in a report on trucking companies ahead of their upcoming earnings reports.
“While we slightly revise our estimates downward, we remain ahead of the Street as we believe Landstar could benefit in the near-term from rising truckload spot rates. Recall, a significant portion of Landstar’s business is derived from the spot market,” Servera said in his report.
He raised his price target on the stock from $130 to $150, with the stock trading at $154.52 at the time of his Jan. 14 report.
For the overall sector, “we believe that 4Q25 results across the transportation sector are likely to reflect continued earnings pressure, as freight demand remained subdued and industrial production remained in contractual territory,” Servera said.
Jacksonville-based United Land Services said it made four acquisitions in 2025, including another Jacksonville company.
The commercial and residential landscape services company said the Jacksonville-based company it acquired was Custom Tree Surgeons, which will expand its tree services in North Florida.
The other businesses acquired were Wilmington, North Carolina-based Wrightsville Beach Landscaping, Baton Rouge and New Orleans-based H&O Grounds and a rust removal company serving Central and South Florida that United Land did not name in its Jan. 13 news release. Terms of the deals were not disclosed.
United Land, backed by private equity firms Centre Partners and LP First Capital, said it has completed 25 acquisitions since September 2020.
“United has built a highly scalable platform rooted in local expertise and institutional operating discipline. Our growth reflects a deliberate strategy focused on partnering with best-in-class operators, expanding service density in attractive markets and delivering consistent, high-quality outcomes for our customers,” CEO Ray Leach said in the news release.