TCMD Q1 revenue up 4% to $61.1M, net loss $2.2M; reaffirms FY2024 outlook; CEO transition

TACTILE SYSTEMS TECHNOLOGY INC

2024-Q1 EPS reported -$0.09 revenue$61,088,000

Total revenue $61.1M (+4% YoY); lymphedema +5%, airway clearance -4%.
Net loss $2.2M ($0.09/diluted share) vs $1.9M loss in Q1 2023; adjusted EBITDA $1.0M vs $0.5M.
Reaffirmed FY2024 revenue guidance $300M-$305M (9-11% growth).
CEO Dan Reuvers retiring July 1, 2024; Sheri Dodd appointed President and CEO effective same date.
Cash $60.7M, debt $28.5M; completed enrollment of 235-patient Flexitouch Plus trial.

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 full year 2024 results: revenue The Company continues to expect full year 2024 total revenue in the range of $300 million to $305 million. Guidance reaffirmed.

Period: full year 2024
Revenue: The Company continues to expect full year 2024 total revenue in the range of $300 million to $305 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company continues to expect full year 2024 total revenue in the range of $300 million to $305 million, representing growth of approximately 9% to 11% year-over-year, compared to total revenue of $274.4 million in 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TACTILE SYSTEMS TECHNOLOGY INC reported first quarter ended March 31, 2024 results: revenue Total revenue in the first quarter of 2024 increased $2.2 million, or 4%, to $61.1 million, net income Net loss in the first quarter of 2024 was $2.2 million, EPS ($0.09) per diluted share.

Period: first quarter ended March 31, 2024
Revenue: Total revenue in the first quarter of 2024 increased $2.2 million, or 4%, to $61.1 million
Net income: Net loss in the first quarter of 2024 was $2.2 million
EPS: ($0.09) per diluted share
Result: reported results

Exact text from the filing

Total revenue in the first quarter of 2024 increased $2.2 million, or 4%, to $61.1 million, compared to $58.8 million in the first quarter of 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001558370-24-006794

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