Tactile Systems Technology, Inc. Reports First Quarter 2020 Financial Results
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Tactile Systems Technology, Inc. (TCMD) Misses Q1 EPS by 5c, Slight Beat on Revenues
May 4, 2020 7:06 AM EDTTactile Systems Technology, Inc. (NASDAQ: TCMD) reported Q1 EPS of ($0.07), $0.05 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $43.7 million versus the consensus estimate of $43.58 million.
First Quarter 2020 Summary:
Total revenue increased 16% year-over-year, to $43.7 million, compared to $37.6 million in first quarter 2019.-- Excluding the contribution to first quarter 2019 revenue related to the Companys adoption of ASC 842, first quarter 2020 revenue reflects year-over-year growth of 26% on an operational basis.-- As noted in the Companys press release issued on April 6, 2020, revenue for the first quarter of 2020 was... More