Tactile Systems Q4 2020 Earnings Report

Fourth quarter revenue increased and exceeded annual revenue guidance, despite COVID-19 disruptions.

Key Takeaways

Tactile Systems Technology, Inc. reported a 4% year-over-year increase in fourth-quarter revenue, reaching $59.2 million, and net income of $12.1 million. The company exceeded the high end of its annual revenue guidance range, and is positioned to improve its coverage and the productivity of its representatives.

Total revenue increased 4% year-over-year to $59.2 million compared to $57.1 million in Q4 2019.

Operating income was $7.0 million compared to $6.0 million in Q4 2019.

Net income was $12.1 million compared to $4.3 million in Q4 2019.

Cash, cash equivalents, and marketable securities totaled $47.9 million as of December 31, 2020, compared to $45.2 million as of December 31, 2019.

Total Revenue

$59.2M

Previous year: $57.1M