Tactile Systems Technology, Inc. (TCMD) Tops Q3 EPS by 4c, Revenues Beat; Raises FY18 Revenue Guidance
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Tactile Systems Technology, Inc. Reports Third Quarter 2018 Financial Results; Increases 2018 Outlook
November 5, 2018 4:05 PM ESTQ3 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. Â
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