Why Tactile Systems Technology Stock Dropped Today [Yahoo! Finance]
Tactile Systems Technology, Inc. (TCMD)
Last tactile systems technology, inc. earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
investors.tactilemedical.com/investors
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Source: Yahoo! Finance
Tactile Medical's record profits just weren't enough Tactile Medical's fourth-quarter 2023 revenue grew 5% year over year to $77.7 million, translating to adjusted ( non-GAAP ) net income of $8.9 million, or $0.37 per share. Analysts, on average, were expecting lower earnings of $0.22 per share, but on lightly higher revenue of $78.4 million. Within Tactile Medical's top line, growth was led by a 5.6% increase in sales and rentals of the company's lymphedema therapies, as well as a slight increase in sales of its airway clearance products. Tactile Medical CEO Dan Reuvers noted the company delivered record profitability in 2023 while improving its balance sheet. The company retired $16.8 million from its revolving line of credit and completed a final $5.6 million earnout payment in the fourth quarter related to its previous acquisition of respiratory therapy company AffloVest. What's next for Tactile Systems Technology shareholders? For the full year 2024, Tactile Medical pr
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News
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- Should Weakness in Tactile Systems Technology, Inc.'s (NASDAQ:TCMD) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials? [Yahoo! Finance]Yahoo! Finance
- Tactile Systems Technology (TCMD) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Bull Of The Day: Tactile Systems Technology (TCMD) [Yahoo! Finance]Yahoo! Finance
TCMD
Earnings
- 2/20/24 - Beat
TCMD
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form 8-K
- 3/27/24 - Form ARS
- TCMD's page on the SEC website