Tactile Medical Q4 revenue up 20% to $73.9M; CFO Brent Moen to retire in 2023

TACTILE SYSTEMS TECHNOLOGY INC

2022-FY EPS reported -$0.89 revenue$246,785,000

Q4 2022 revenue $73.9M (+20% YoY); lymphedema +14%, airway clearance +90%.
Q4 GAAP net income $4.6M ($0.23/diluted) vs net loss of $7.5M in Q4 2021.
Full year 2022 revenue $246.8M (+19% YoY); net loss $17.9M vs $11.8M in 2021.
FY 2023 revenue guidance $269M-$273M (9-11% growth); reaffirms long-term goals.
CFO Brent Moen to retire in 2023; board initiated successor search; Moen stays until appointed.

item 2.02 item 5.02 item 7.01 item 9.01

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Departed

Brent Moen

Chief Financial Officer

TCMD · TACTILE SYSTEMS TECHNOLOGY INC

Filed: February 21, 2023, 6:59 PM ET

On February 20, 2023, Brent Moen, the Company’s Chief Financial Officer, notified the Company of his intention to retire as Chief Financial Officer in 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Moen departed as Chief Financial Officer at TACTILE SYSTEMS TECHNOLOGY INC.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On February 20, 2023, Brent Moen, the Company’s Chief Financial Officer, notified the Company of his intention to retire as Chief Financial Officer in 2023.

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TACTILE SYSTEMS TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001558370-23-001566

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