Tactile Systems Technology, Inc. (TCMD) Tops Q1 EPS by 14c; Raises FY Rev Guidance
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Tactile Systems Technology, Inc. Reports First Quarter 2019 Financial Results; Updates 2019 Outlook
May 6, 2019 4:06 PM EDTMINNEAPOLIS, May 06, 2019 (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 first quarter ended March 31, 2019.
First Quarter 2019 Summary:
First quarter total revenue increased 40% year-over-year, to $37.6 million, compared to $26.8 million in first quarter 2018; the adoption of new lease accounting rules accounted for 10 percentage points of the year-over-year increase in total revenue.Flexitouch revenue increased 39% year-over-year, to $34.1 million, compared to $24.5 million in first... More