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Dec 31, 2023
Tactile Systems Q4 2023 Earnings Report
Total revenue and net income increased, driven by growth in lymphedema product line and overall progress in 2023.
Key Takeaways
Tactile Systems Technology, Inc. reported a 5% increase in total revenue to $77.7 million and a 77% increase in net income to $8.2 million for the fourth quarter of 2023. The company's performance was driven by growth in the lymphedema product line and overall progress in 2023.
Total revenue increased 5% year-over-year to $77.7 million.
Net income increased 77% year-over-year to $8.2 million.
Adjusted EBITDA increased 27% year-over-year to $15.4 million.
The company retired $16.8 million revolving line of credit and completed final $5.6 million earnout payment.
Revenue by Segment
Forward Guidance
The Company expects full year 2024 total revenue in the range of $300.0 million to $305.0 million, representing growth of approximately 9% to 11% 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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