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Private company

TITAN MEDICAL INC

TITAN MEDICAL INC is a Canadian surgical and medical instruments and apparatus company.1 It is headquartered in Toronto, Canada.1

Last updated Oct 21, 2026.

Overview

$20.1MRevenue, fiscal 20212
-$14.9MNet income, fiscal 20212
  • IndustrySurgical & Medical Instruments & Apparatus1
  • HeadquartersToronto, Canada1
  • Incorporated inOntario, Canada3
  • Business address155 University Avenue, Suite 750, Toronto, A6 M5H 3B73
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-154.2%Operating margin2
-73.9%Net margin2
0.5%Revenue growth, 20212
-42.1%Return on equity2
-$37.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Research and development100¢$38.0M
  • Interest0¢$125.0K
  • Income tax0¢$56.0K

Out of $20.1M in revenue.2 The company lost money this year.

Financial statements

Revenue452$20.1M in 2021
0$10.0M$20.0M$30.0M2017: $0$020172018: $0$020182019: $0$020192020: $20.0M$20.0M20202021: $20.1M$20.1M2021+0%
Operating income2-$31.0M in 2021−48% since 2019
-$60.0M-$40.0M-$20.0M0$20.0M2019: -$59.3M-$59.3M20192020: $4.2M$4.2M20202021: -$31.0M-$31.0M2021
Net income42-$14.9M in 2021
-$60.0M-$40.0M-$20.0M0$20.0M$40.0M2017: $33.6M$33.6M20172018: $22.6M$22.6M2018−33%2019: -$41.9M-$41.9M20192020: -$24.2M-$24.2M2020−42%2021: -$14.9M-$14.9M2021−39%
Fiscal year201620172018201920202021
Revenue$04$04$05$20.0M2$20.1M2
Research and development$38.0M2
Operating income-$59.3M2$4.2M2-$31.0M2
Interest$125.0K2
Income before tax-$14.8M2
Income tax$56.0K2
Net income$33.6M4$22.6M4-$41.9M2-$24.2M2-$14.9M2

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What it owns

What TITAN MEDICAL INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$464.0K2 Dec 31, 2021$245.0K2 Dec 31, 2020+89.4%
Operating-lease assets (leased space)$1.2M2 Dec 31, 2021$867.0K2 Dec 31, 2020+35.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$32.3M2 Dec 31, 2021$25.5M2 Dec 31, 2020+26.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1.9M2 Dec 31, 2021$1.8M2 Dec 31, 2020+7.9%

Filings

96 filings to the SEC since October 2021: 1 annual reports, 95 other. The latest 20:

  1. Apr 19, 202315-15D EDGAR
  2. Apr 10, 2023EFFECT EDGAR
  3. Apr 10, 2023EFFECT EDGAR
  4. Apr 5, 2023S-8 POS EDGAR
  5. Apr 5, 2023S-8 POS EDGAR
  6. Apr 5, 2023S-8 POS EDGAR
  7. Apr 5, 2023S-8 POS EDGAR
  8. Apr 5, 2023AW AMENDMENT WITHDRAWAL EDGAR
  9. Apr 5, 2023AW AMENDMENT WITHDRAWAL EDGAR
  10. Apr 5, 2023AW AMENDMENT WITHDRAWAL EDGAR
  11. Apr 5, 2023AW AMENDMENT WITHDRAWAL EDGAR
  12. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM F-3 EDGAR
  13. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 FORM S-8 EDGAR
  14. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 FORM S-8 EDGAR
  15. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 2 TO FORM F-3 EDGAR
  16. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  17. Apr 4, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  18. Apr 4, 202325 EDGAR
  19. Apr 4, 20236-K EDGAR
  20. Apr 3, 20236-K EDGAR

The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How TITAN MEDICAL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTITAN MEDICAL INC1
  • CIK0000840551
  • Filer statusNon-accelerated filer<br>emerging growth company1
  • Incorporated inOntario, Canada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • Business address155 University Avenue, Suite 750, Toronto, A6 M5H 3B71
  • Phone416-548-7522 X1531
  • Shares outstanding111,202,690 as of Dec 31, 20212
  • On EDGAR sinceMar 28, 20121
  • Filings305 in all: 6-K (217), D (7), POS AM (7), EFFECT (6), SC 13G (6), 424B5 (5), 6-K/A (4), AW (4)1
    All 31 form types

    CORRESP (4), F-10/A (4), F-X (4), S-8 (4), S-8 POS (4), UPLOAD (4), F-10 (3), SC 13G/A (3), 20-F (2), 40-F (2), 424B3 (2), F-3 (2), 15-15D (1), 20-F/A (1), 25 (1), 40FR12B (1), CERT (1), D/A (1), DRS (1), DRS/A (1), DRSLTR (1), F-1 (1), F-1/A (1)

  • Latest filingsAnnual report (20-F) Mar 24, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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