Tactile Systems Technology, Inc. Reports Second Quarter 2019 Financial Results; Updates 2019 Outlook
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Tactile Systems Technology, Inc. (TCMD) Tops Q2 EPS by 8c, Revenues Beat; Offers FY19 Revenue Guidance
August 5, 2019 4:51 PM EDTTactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q2 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $45.2 million versus the consensus estimate of $42.62 million.
Second Quarter 2019 Summary:
Second quarter total revenue increased 32% year-over-year, to $45.2 million, compared to $34.1 million in second quarter 2018; the adoption of new lease accounting rules contributed five percentage points of the year-over-year increase in total revenue.Flexitouch revenue increased 31% year-over-year, to $41.0 million, compared to $31.4 million in second quarter 2018.Operating income of $3.0 million, compared to $1.3 million in second quarter 2018.Net income... More