Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results; Updates Full Year 2020 Financial Outlook

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Go back to Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results; Updates Full Year 2020 Financial Outlook

Tactile Systems Technology, Inc. (TCMD) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

February 26, 2020 4:10 PM EST

Tactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q4 EPS of $0.22, $0.03 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $57.1 million versus the consensus estimate of $55.52 million.

Fourth Quarter 2019 Summary:

Total revenue increased 23% year-over-year, to $57.1 million, compared to $46.4 million in fourth quarter 2018.Flexitouch revenue increased 21% year-over-year, to $51.6 million, compared to $42.7 million in fourth quarter 2018.Operating income increased 183% year-over-year, to $6.0 million, compared to $2.1 million in fourth quarter 2018.Net income increased 82% year-over-year, to $4.3 million, compared to $2.4 million... More