Tactile Medical Q2 revenue $68.3M (+15% YoY); narrows net loss to $0.1M; raises FY23 guidance

TACTILE SYSTEMS TECHNOLOGY INC

2023-Q2 EPS reported -$0.09 revenue$127,185,000

Revenue $68.3M (+15% YoY); lymphedema +16%, airway clearance +4%.
Net loss $0.1M ($0.00/diluted) vs loss $4.6M ($0.23/diluted) in Q2 2022.
Adjusted EBITDA $6.1M, up from $1.7M; cash $63.2M; debt $47.5M.
FY23 revenue guidance raised to $274M-$278M (prev $271M-$275M, +11%-13% YoY).
Sherri Ferstler appointed SVP of Sales (Jul 31); credit agreement amended to extend maturity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TACTILE SYSTEMS TECHNOLOGY INC reported six months ended June 30, 2023 results: revenue $127.2 million, net income Net loss for the six months ended June 30, 2023, was $2.0 million, or $0.09 per diluted share.

Period: six months ended June 30, 2023
Revenue: $127.2 million
Net income: Net loss for the six months ended June 30, 2023, was $2.0 million, or $0.09 per diluted share
Result: reported results

Exact text from the filing

Total revenue for the six months ended June 30, 2023, increased $19.6 million, or 18.2%, to $127.2 million, compared to $107.6 million for the six months ended June 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TACTILE SYSTEMS TECHNOLOGY INC reported second quarter ended June 30, 2023 results: revenue $68.3 million, net income Net loss of $0.1 million, or $0.00 per diluted share. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $68.3 million
Net income: Net loss of $0.1 million, or $0.00 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Tactile Medical for future growth and value creation.” Second Quarter 2023 Financial Results Total revenue in the second quarter of 2023 increased $8.7 million, or 14.6%, to $68.3 million, compared to $59.6 million in the second quarter of 2022. The increase in total revenue was attributable to an increase of $8.4 million, or 16.2%, in sales and rentals of the

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TACTILE SYSTEMS TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001558370-23-013632

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