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Mar 31, 2022
Tactile Systems Q1 2022 Earnings Report
Revenue increased by 12% year-over-year, driven by airway clearance products, but operating and net losses widened due to increased expenses.
Key Takeaways
Tactile Systems Technology, Inc. reported a 12% increase in first-quarter revenue, driven by sales of airway clearance products, specifically the AffloVest product line. However, the company experienced a significant increase in operating and net losses due to higher operating expenses, including non-cash intangible asset amortization and earn-out expenses related to the AffloVest acquisition.
Total revenue increased 12% year-over-year to $48.0 million.
Revenue included $7.3 million from sales of airway clearance products.
Operating loss was $14.9 million, compared to $4.1 million in the prior year.
The company reaffirms full year 2022 total revenue guidance in the range of $235.0 million to $240.0 million.
Revenue by Segment
Forward Guidance
The Company continues to expect full year 2022 total revenue in the range of $235.0 million to $240.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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