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Dec 31, 2022
Tactile Systems Q4 2022 Earnings Report
Tactile Systems Technology's fourth quarter results for 2022 showed revenue increased 20% year-over-year, driven by both lymphedema and airway clearance products, and significant improvements in profitability.
Key Takeaways
Tactile Systems Technology, Inc. reported a 20% increase in total revenue for Q4 2022, reaching $73.9 million compared to $61.7 million in Q4 2021. The company also saw improvements in profitability, with operating income increasing to $7.9 million and net income reaching $4.6 million, a significant turnaround from the net loss of $7.5 million in the same quarter of the previous year.
Total revenue increased 20% year-over-year to $73.9 million.
Lymphedema products revenue increased 14% year-over-year to $65.8 million.
Airway clearance products revenue increased 90% year-over-year to $8.1 million.
Net income was $4.6 million, a significant increase from the net loss of $7.5 million in Q4 2021.
Revenue by Segment
Forward Guidance
The Company expects full year 2023 total revenue in the range of $269.0 million to $273.0 million, representing growth of approximately 9% to 11% year-over-year, compared to total revenue of $246.8 million in 2022.
Positive Outlook
- Improving productivity within our lymphedema salesforce
- Expanding our reach with our DME partners
- Developing and introducing additional new products
- Enhancing our operational efficiency
- Extend our leadership in our end markets as we progress towards achieving our stated 2025 goals for long-term, profitable growth.
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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