Tactile Systems Technology, Inc. (TCMD) Tops Q1 EPS by 5c; Raises Outlook

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Go back to Tactile Systems Technology, Inc. (TCMD) Tops Q1 EPS by 5c; Raises Outlook

Tactile Systems Technology, Inc. Reports First Quarter 2017 Financial Results; Updates 2017 Outlook

May 8, 2017 4:01 PM EDT

MINNEAPOLIS, May 08, 2017 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (Tactile Medical) (Nasdaq: TCMD), a leader in developing and marketing at-home therapy devices for the treatment of lymphedema and chronic venous insufficiency, today reported financial results for the first quarter ended March 31, 2017.  

First Quarter 2017 Highlights

Revenue increased 45% year-over-year, to $19.9 million, compared to $13.7 million in first quarter 2016. - Flexitouch® revenue increased 50% year-over-year, to $17.5 million, compared to $11.7 million in first quarter 2016. - Revenue from sales of the Companys Entré and... More