Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results; Introduces 2019 Outlook
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Tactile Systems Technology, Inc. (TCMD) Misses Q4 EPS by 2c, Revenues Beat; Offers FY19 Revenues Guidance Above Consensus
February 28, 2019 4:26 PM ESTTactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q4 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $46.4 million versus the consensus estimate of $43.41 million.
Fourth quarter revenue increased 33% year-over-year, to $46.4 million, compared to $34.9 million in fourth quarter 2017.Flexitouch revenue increased 32% year-over-year, to $42.7 million, compared to $32.4 million in fourth quarter 2017.Operating income decreased 57% year-over-year to $2.1 million, compared to operating income of $4.9 million in fourth quarter 2017. Excluding the non-cash impairment charge and inventory... More