secwatch.observer — SEC 8-K summary
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Issuer:     TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK:        0001027838
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001558370-24-006794
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1027838/000155837024006794/0001558370-24-006794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1027838/000155837024006794/tcmd-20240506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006794

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