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Midas Edge

TACTILE SYSTEMS TECHNOLOGY INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

TCMD$26.59+2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Operations

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Tactile Systems Technology, Inc.
Consolidated Statements of Operations
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​ · ​ · Year Ended
​ · ​ · December 31,
(In thousands, except share and per share data)202320222021
Revenue​​​​​​​​​
Sales revenue​$239,493​$211,345​$177,914
Rental revenue​34,930​35,440​30,143
Total revenue​274,423​246,785​208,057
Cost of revenue​​​​​​​​​
Cost of sales revenue​66,713​59,619​50,222
Cost of rental revenue​12,577​11,190​9,622
Total cost of revenue​79,290​70,809​59,844
Gross profit​​​​​​​​​
Gross profit - sales revenue​172,780​151,726​127,692
Gross profit - rental revenue​22,353​24,250​20,521
Gross profit​195,133​175,976​148,213
Operating expenses​​​​​​​​​
Sales and marketing​107,119​106,418​86,775
Research and development​7,823​7,088​5,659
Reimbursement, general and administrative​62,074​60,796​56,802
Intangible asset amortization and earn-out​​76​​14,432​​739
Total operating expenses​177,092​188,734​149,975
Income (loss) from operations​18,041​(12,758)​(1,762)
Other expense​(2,271)​(2,715)​(531)
Income (loss) before income taxes​15,770​(15,473)​(2,293)
Income tax (benefit) expense​(12,745)​2,393​9,518
Net income (loss)​$28,515​$(17,866)​$(11,811)
Net income (loss) per common share​​​​​​​​​
Basic​$1.24​$(0.89)​$(0.60)
Diluted​$1.23​$(0.89)​$(0.60)
Weighted-average common shares used to compute net income (loss) per common share​​​​​​​​​
Basic​​22,925,497​​20,067,969​​19,719,485
Diluted​​23,176,169​​20,067,969​​19,719,485
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.