secwatch.observer — SEC 8-K summary
======================================

Issuer:     TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK:        0001027838
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001558370-24-001329
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1027838/000155837024001329/0001558370-24-001329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1027838/000155837024001329/tcmd-20240220x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001329

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer