Tactile Medical Q4 net income up 77% to $8.2M; FY revenue $274.4M (+11%); introduces FY24 outlook $300-305M

TACTILE SYSTEMS TECHNOLOGY INC

2023-FY EPS reported $1.23 revenue$274,423,000

Q4 2023 revenue $77.7M (+5% YoY); net income $8.2M (+77%); diluted EPS $0.35 vs $0.23.
FY2023 revenue $274.4M (+11% YoY); net income $28.5M (vs net loss $17.9M in 2022); diluted EPS $1.23.
FY2023 adjusted EBITDA $29.7M (+62% YoY); operating cash flow $35.9M (+$30.6M); debt down to $29.3M.
FY2024 revenue guidance $300M-$305M (9-11% growth); cash $61.0M; completed $16.8M revolver retirement.
Over 77,000 patients treated; introduced Entre Plus and Flexitouch ComfortEase upper extremity garments.

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 0.9

TACTILE SYSTEMS TECHNOLOGY INC reported the fourth quarter and full year ended December 31, 2023 results: revenue $77.7 million, net income $8.2 million, or $0.35 per diluted share, EPS $0.35 per diluted share. Guidance initiated.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $77.7 million
Net income: $8.2 million, or $0.35 per diluted share
EPS: $0.35 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights: ● Total revenue increased 5% over prior year to $77.7 million ● Net income increased 77% over prior year to $8.2 million ● Adjusted EBITDA increased 27% over prior year to $15.4 million ● Retired $16.8 million revolving line of credit and

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Source: SEC EDGAR

accession 0001558370-24-001329

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