Tactile Systems Technology, Inc. Reports Second Quarter 2018 Financial Results; Updates 2018 Outlook
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August 7, 2018 7:13 AM EDT
Guggenheim raised its price target on Tactile Systems Technology (NASDAQ: TCMD) to $70.00 (from $57.00) while maintaining a Buy rating following the company's 2Q earnings report. TCMD's 2Q18 sales of $34.1M came in $2.6M above consensus, driven by ongoing Flexitouch adoption. Gross margin of 71.8% was... More
August 6, 2018 4:24 PM EDT
Tactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q2 EPS of $0.13, $0.09 better than the analyst estimate of $0.04. Revenue for the quarter came in at $34.1 million versus the consensus estimate of $31.59 million.
Second Quarter 2018 Summary:
Total revenue increased 30% year-over-year, to $34.1 million, compared to $26.3 million in second quarter 2017.Flexitouch revenue increased 30% year-over-year, to $31.4 million, compared to $24.2 million in second quarter 2017.Operating income of $1.3 million, compared to operating income of $0.7 million in second quarter 2017.Net income of $2.6 million, compared to net income of $3.8 million in second quarter...
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