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Sep 30, 2024
Tactile Systems Q3 2024 Earnings Report
Revenue increased, profitability improved, and share repurchase program authorized.
Key Takeaways
Tactile Systems Technology reported a 5% increase in total revenue to $73.1 million for Q3 2024. The company saw improvements in profitability and authorized a share repurchase program of up to $30 million.
Total revenue increased 5% year-over-year to $73.1 million.
Lymphedema product revenue increased 4% over Q3 2023.
Airway clearance product revenue increased 10% over Q3 2023.
Ended Q3 2024 with $82.1 million in cash and cash equivalents.
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 $292 million to $295 million, representing growth of approximately 6% to 8% 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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