Tactile Systems Technology, Inc. (TCMD) Tops Q1 EPS by 5c; Raises Outlook
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Tactile Systems Technology, Inc. Reports First Quarter 2017 Financial Results; Updates 2017 Outlook
May 8, 2017 4:01 PM EDTMINNEAPOLIS, 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. Â
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