Tactile Systems Technology, Inc. Reports Third Quarter 2019 Financial Results; Updates 2019 Outlook
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Tactile Systems Technology, Inc. (TCMD) Tops Q3 EPS by 1c, Revenues Beat; Raises FY19 Revenue Guidance
November 4, 2019 4:14 PM ESTTactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q3 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $45.48 million.
Third Quarter 2019 Summary:
Third quarter total revenue increased 37% year-over-year, to $49.6 million, compared to $36.3 million in third quarter 2018; the adoption of new lease accounting standards contributed three percentage points of the year-over-year increase in total revenue.Operating income of $3.2 million, compared to $1.4 million in third quarter 2018.Net income of $2.4 million, compared to $1.7 million in third quarter 2018.Adjusted EBITDA of $6.4 million,... More