Loading...
•
Dec 31, 2024
Tactile Systems Q4 2024 Earnings Report
Tactile Systems Technology, Inc. reported strong financial results for the fourth quarter and full year ended December 31, 2024, with significant increases in total revenue, gross margin, and net income.
Key Takeaways
Tactile Systems Technology, Inc. delivered a strong performance in Q4 2024, with total revenue increasing by 10% year-over-year to $85.6 million. The company also saw an increase in gross margin to 75% and net income to $9.7 million, demonstrating consistent profitability and operational efficiency.
Total revenue increased 10% year-over-year to $85.6 million in Q4 2024.
Gross margin improved to 75% in Q4 2024, up from 72% in Q4 2023.
Net income reached $9.7 million, an increase from $8.2 million in Q4 2023.
Adjusted EBITDA grew to $16.2 million in Q4 2024, compared to $15.4 million in Q4 2023.
Revenue by Segment
Forward Guidance
For the full year 2025, Tactile Systems Technology, Inc. expects total revenue to be in the range of $316 million to $322 million, representing an 8% to 10% year-over-year growth. Adjusted EBITDA is projected to be between $35 million and $37 million.
Positive Outlook
- Expected total revenue growth of approximately 8% to 10% year-over-year in 2025.
- Anticipated continued profitability with adjusted EBITDA guidance of $35 million to $37 million.
- Confidence in advancing market leadership in 2025.
- Commitment to investing in strategic priorities to enhance patient experience.
- Focus on improving access to care, expanding treatment options, and supporting the end-to-end patient journey.
Challenges Ahead
- Adjusted EBITDA guidance for 2025 ($35 million to $37 million) is slightly lower than the actual adjusted EBITDA for 2024 ($37.1 million).
- The guidance range for net income in 2025 ($15.75 million to $17.15 million) is lower than the net income reported for 2023 ($28.515 million).
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
Loading earnings performance data...
Loading earnings reaction data...