TACTILE SYSTEMS TECHNOLOGY INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
TCMD$26.03-1.3%Stored close · as of Nov 6, 2026
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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) | 2024 | 2023 | 2022 | ||||||
| Revenue | | | | | | | | | |
| Sales revenue | | $256,012 | | $239,493 | | $211,345 | |||
| Rental revenue | | 36,972 | | 34,930 | | 35,440 | |||
| Total revenue | | 292,984 | | 274,423 | | 246,785 | |||
| Cost of revenue | | | | | | | | | |
| Cost of sales revenue | | 64,815 | | 66,713 | | 59,619 | |||
| Cost of rental revenue | | 11,481 | | 12,577 | | 11,190 | |||
| Total cost of revenue | | 76,296 | | 79,290 | | 70,809 | |||
| Gross profit | | | | | | | | | |
| Gross profit - sales revenue | | 191,197 | | 172,780 | | 151,726 | |||
| Gross profit - rental revenue | | 25,491 | | 22,353 | | 24,250 | |||
| Gross profit | | 216,688 | | 195,133 | | 175,976 | |||
| Operating expenses | | | | | | | | | |
| Sales and marketing | | 112,009 | | 107,119 | | 106,418 | |||
| Research and development | | 8,832 | | 7,823 | | 7,088 | |||
| Reimbursement, general and administrative | | 71,135 | | 62,074 | | 60,796 | |||
| Intangible asset amortization and earn-out | | | 2,531 | | | 76 | | | 14,432 |
| Total operating expenses | | 194,507 | | 177,092 | | 188,734 | |||
| Income (loss) from operations | | 22,181 | | 18,041 | | (12,758) | |||
| Interest income | | | 3,384 | | | 1,874 | | | 60 |
| Interest expense | | | (2,085) | | | (4,147) | | | (2,788) |
| Other income | | 9 | | 2 | | 13 | |||
| Income (loss) before income taxes | | 23,489 | | 15,770 | | (15,473) | |||
| Income tax expense (benefit) | | 6,529 | | (12,745) | | 2,393 | |||
| Net income (loss) | | $16,960 | | $28,515 | | $(17,866) | |||
| Net income (loss) per common share | | | | | | | | | |
| Basic | | $0.71 | | $1.24 | | $(0.89) | |||
| Diluted | | $0.70 | | $1.23 | | $(0.89) | |||
| Weighted-average common shares used to compute net income (loss) per common share | | | | | | | | | |
| Basic | | | 23,883,729 | | | 22,925,497 | | | 20,067,969 |
| Diluted | | | 24,138,244 | | | 23,176,169 | | | 20,067,969 |
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