Tactile Medical Q3 revenue $69.6M (+7% YoY); net income $22.3M vs loss; updates FY guidance

TACTILE SYSTEMS TECHNOLOGY INC

2023-Q3 EPS reported $0.88 revenue$196,771,000

Revenue $69.6M, up 7% YoY; lymphedema +15%, airway clearance -36%.
Net income $22.3M ($0.94 diluted EPS) vs loss of $2.3M ($0.11 loss) in Q3 2022.
Adjusted EBITDA $7.7M vs $7.2M; operating income $8.0M vs loss of $1.6M.
FY2023 revenue guidance narrowed to $273-277M from $274-278M, ~11-12% growth.
Sherri Ferstler appointed SVP Sales; Vindell Washington, M.D. added to Board.

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 0.98

TACTILE SYSTEMS TECHNOLOGY INC reported third quarter ended September 30, 2023 results: revenue $69.6 million, net income $22.3 million, EPS $0.94 per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $69.6 million
Net income: $22.3 million
EPS: $0.94 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

with chronic disorders , today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Summary: ● Revenue increased 7% year-over-year to $69.6 million, compared to $65.3 million in third quarter 2022 ● Lymphedema revenue increased 15% ● Airway clearance revenue decreased 36% ● Operating income of $8.0 million, compared to

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

TACTILE SYSTEMS TECHNOLOGY INC reported nine months ended September 30, 2023 results: revenue $196.8 million, net income $20.3 million, EPS $0.88 per diluted share.

Period: nine months ended September 30, 2023
Revenue: $196.8 million
Net income: $20.3 million
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

Total revenue for the nine months ended September 30, 2023, increased $23.9 million, or 13.8%, to $196.8 million

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

TACTILE SYSTEMS TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001558370-23-017786

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