Tactile Systems Technology, Inc. (TCMD) Tops Q3 EPS by 4c, Revenues Beat; Raises FY18 Revenue Guidance

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Go back to Tactile Systems Technology, Inc. (TCMD) Tops Q3 EPS by 4c, Revenues Beat; Raises FY18 Revenue Guidance

Tactile Systems Technology, Inc. Reports Third Quarter 2018 Financial Results; Increases 2018 Outlook

November 5, 2018 4:05 PM EST

Q3 Revenue Increase of 28% Year-over-Year

MINNEAPOLIS, Nov. 05, 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 third quarter ended September 30, 2018.  

Third Quarter 2018 Summary:

Total revenue increased 28% year-over-year, to $36.3 million, compared to $28.3 million in third quarter 2017.Flexitouch revenue increased 27% year-over-year, to $33.3 million, compared to $26.2 million in third quarter 2017.Operating income increased 17% year-over-year to $1.4 million, compared to operating income... More