Tactile Systems Technology, Inc. (TCMD) Reports Q2 EPS of $0.20, Sales Beat; Raises Outlook
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Tactile Systems Technology, Inc. Reports Second Quarter 2017 Financial Results; Updates 2017 Outlook
August 7, 2017 4:06 PM EDTMINNEAPOLIS, Aug. 07, 2017 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (Tactile Medical) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today reported financial results for the second quarter ended June 30, 2017. Â
Second Quarter 2017Â Summary
Revenue increased 33% year-over-year, to $26.3 million, compared to $19.7 million in second quarter 2016.Operating income of $0.7 million compared to operating income of $1.8 million in second quarter 2016.Tax benefit of $3.0 million compared to tax expense of $0.8 million in second quarter 2016.Net income of $3.8... More