Tactile Systems Technology, Inc. (TCMD) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus
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Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results; Updates Full Year 2020 Financial Outlook
February 26, 2020 4:05 PM ESTMINNEAPOLIS, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (Tactile Medical) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the at-home treatment of chronic diseases, today reported financial results for the fourth quarter and full year ended December 31, 2019.
Full Year 2019 Summary:
Total revenue increased 32% year-over-year, to $189.5 million, compared to $143.8 million in 2018; the adoption of new lease accounting standards contributed 3.7 percentage points of the year-over-year increase in total revenue. Flexitouch revenue increased 30% year-over-year, to $171.3 million, compared to $131.9 million in 2018.Operating income increased 251% year-over-year, to $10.5... More