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Jun 30, 2023
Tactile Systems Q2 2023 Earnings Report
Reported a revenue increase of 15% year-over-year, along with improvements in GAAP and non-GAAP profitability and cash flow.
Key Takeaways
Tactile Systems Technology, Inc. reported a 15% increase in revenue to $68.3 million for the second quarter of 2023. The company saw improvements in both GAAP and non-GAAP profitability. They are raising total revenue guidance based on strong performance in the first half of 2023.
Revenue increased 15% year-over-year to $68.3M
Lymphedema revenue increased 16%
Airway Clearance revenue increased 4%
Operating income of $2.1M, compared to operating loss of $4.1M
Revenue by Segment
Forward Guidance
The Company now expects full year 2023 total revenue in the range of $274 million to $278 million, representing growth of approximately 11% to 13% year-over-year.
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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