TACTILE SYSTEMS TECHNOLOGY INC

For the period ended Dec 31, 2024. Filed Feb 18, 2025.

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.

FY2024 · Filed Feb 18, 2025

TCMD$26.03-1.3%Stored close · as of Nov 6, 2026

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Contents

Consolidated Balance Sheets


Tactile Systems Technology, Inc.
Consolidated Balance Sheets
· December 31, · December 31,
(In thousands, except share and per share data) · 2024 · 2023
Assets · · · · ·
Current assets
Cash	$94,367	$61,033
Accounts receivable	44,937	43,173
Net investment in leases	14,540	14,195
Inventories	18,666	22,527
Prepaid expenses and other current assets	5,053	4,366
Total current assets	177,563	145,294
Non-current assets
Property and equipment, net	5,603	6,195
Right of use operating lease assets	16,633	19,128
Intangible assets, net	42,789	46,724
Goodwill	31,063	31,063
Accounts receivable, non-current	—	10,936
Deferred income taxes	18,311	19,378
Other non-current assets	5,962	2,720
Total non-current assets	120,361	136,144
Total assets	$297,924	$281,438
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$5,648	$6,659
Note payable	2,956	2,956
Accrued payroll and related taxes	17,923	16,789
Accrued expenses	7,780	5,904
Income taxes payable	270	1,467
Operating lease liabilities	2,980	2,807
Other current liabilities	3,147	4,475
Total current liabilities	40,704	41,057
Non-current liabilities
Note payable, non-current	23,220	26,176
Accrued warranty reserve, non-current	1,209	1,681
Income taxes payable, non-current	239	446
Operating lease liabilities, non-current	15,955	18,436
Total non-current liabilities	40,623	46,739
Total liabilities	81,327	87,796

Stockholders’ equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and December 31, 2023	—	—
Common stock, $0.001 par value, 300,000,000 shares authorized; 23,883,475 shares issued and outstanding as of December 31, 2024; 23,600,584 shares issued and outstanding as of December 31, 2023	24	24
Additional paid-in capital	180,719	174,724
Retained earnings	35,854	18,894
Total stockholders’ equity	216,597	193,642
Total liabilities and stockholders’ equity	$297,924	$281,438

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.