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Dec 31, 2019
Tactile Systems Q4 2019 Earnings Report
Reported a strong Q4 and full year 2019 with revenue growth and improved profitability.
Key Takeaways
Tactile Systems Technology, Inc. reported a 23% increase in revenue for the fourth quarter of 2019, reaching $57.1 million, driven by increased sales of Flexitouch and Entre systems. The company's operating income and net income also saw significant increases, and they anticipate continued growth and improved profitability in 2020.
Total revenue increased 23% year-over-year to $57.1 million.
Flexitouch revenue increased 21% year-over-year to $51.6 million.
Operating income increased 183% year-over-year to $6.0 million.
Net income increased 82% year-over-year to $4.3 million.
Forward Guidance
The Company expects full year 2020 total revenue in the range of $227.5 million to $230.5 million, representing growth of 20% to 22% year-over-year, compared to total revenue of $189.5 million in 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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