Tactile Systems Technology, Inc. (TCMD) Tops Q2 EPS by 9c, Revenues Beat; Boosts FY18 Revenue Outlook
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Tactile Systems Technology, Inc. Reports Second Quarter 2018 Financial Results; Updates 2018 Outlook
August 6, 2018 4:11 PM EDTQ2 Revenue Increased 30% Year-over-Year; Operating Income Up 80%
MINNEAPOLIS, Minn., Aug. 06, 2018 (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, 2018. Â
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... More