Tactile Systems Technology, Inc. (TCMD) Misses Q1 EPS by 5c, Slight Beat on Revenues

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Go back to Tactile Systems Technology, Inc. (TCMD) Misses Q1 EPS by 5c, Slight Beat on Revenues

Tactile Systems Technology, Inc. Reports First Quarter 2020 Financial Results

May 4, 2020 7:00 AM EDT

MINNEAPOLIS, May 04, 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 first quarter ended March 31, 2020.

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... More