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Jun 30, 2024
Tactile Systems Q2 2024 Earnings Report
Tactile Systems reported a revenue increase and improved profitability in the second quarter of 2024.
Key Takeaways
Tactile Systems Technology, Inc. reported a 7% increase in total revenue to $73.2 million for the second quarter ended June 30, 2024, compared to $68.3 million in the second quarter of 2023. The company's net income was $4.3 million, a significant improvement from the net loss of $0.1 million in Q2 2023. Adjusted EBITDA also increased by 49% year-over-year to $9.1 million.
Total revenue increased 7% year-over-year to $73.2 million.
Lymphedema product revenue increased 8% year-over-year.
Net income was $4.3 million, compared to a net loss of $0.1 million in Q2 2023.
Adjusted EBITDA was $9.1 million, versus $6.1 million in Q2 2023.
Revenue by Segment
Forward Guidance
The Company is updating its 2024 financial outlook and now expects full year 2024 total revenue in the range of $293 million to $298 million, representing growth of approximately 7% to 9% year-over-year, compared to total revenue of $274.4 million in 2023.
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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