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Jun 30, 2022
Tactile Systems Q2 2022 Earnings Report
Revenue increased driven by strong sales of airway clearance products, but operating and net income decreased due to increased operating expenses.
Key Takeaways
Tactile Systems Technology, Inc. reported a 17% increase in revenue for the second quarter of 2022, driven by airway clearance product sales. However, the company experienced an operating loss and a net loss, compared to operating income and net income in the same quarter of the previous year.
Total revenue increased 17% year-over-year to $59.6 million.
Revenue from airway clearance products was $8.0 million.
Operating loss was $4.1 million, compared to $0.1 million in the second quarter of 2021.
Net loss was $4.6 million, compared to net income of $1.3 million in the second quarter of 2021.
Revenue by Segment
Forward Guidance
The Company now expects full year 2022 total revenue in the range of $238.0 million to $242.0 million, representing growth of approximately 14% to 16% year-over-year.
Positive Outlook
- Improving the productivity of recently hired and promoted sales representatives
- Furthering the successful introduction of our new products
- Supporting our AffloVest channel partners
- Positioning ourselves for improved profitability
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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