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$26.62+0.1%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows


Tactile Systems Technology, Inc.
Consolidated Statements of Cash Flows
· ·
· · Year Ended December 31,
(In thousands)	2024		2023		2022
Cash flows from operating activities
Net income (loss)		$16,960		$28,515		$(17,866)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		6,792		6,539		6,268
Deferred income taxes		1,067		(19,378)		(32)
Stock-based compensation expense		7,819		7,547		9,600
Loss on disposal of property and equipment and intangibles		308		3		20
Change in fair value of earn-out liability		—		(2,475)		11,850
Changes in assets and liabilities, net of acquisition:
Accounts receivable		(1,764)		11,653		(5,348)
Net investment in leases		(345)		1,935		(3,648)
Inventories		3,861		597		(3,907)
Income taxes		(1,404)		(721)		2,270
Prepaid expenses and other assets		(3,929)		72		(950)
Right of use operating lease assets		187		71		168
Accounts receivable, non-current		10,936		12,125		(10,214)
Accounts payable		(1,087)		(3,853)		4,961
Accrued payroll and related taxes		1,134		(311)		4,961
Accrued expenses and other liabilities		120		(6,464)		7,076
Net cash provided by operating activities		40,655		35,855		5,209
Cash flows from investing activities
Purchases of property and equipment		(2,392)		(2,324)		(1,780)
Proceeds from sale of property and equipment		12		—		11
Intangible assets expenditures		(117)		(157)		(140)
Net cash used in investing activities		(2,497)		(2,481)		(1,909)
Cash flows from financing activities
Proceeds from issuance of note payable		—		8,250		—
Payments on earn-out		—		(10,575)		(5,000)
Payments on note payable		(3,000)		(3,000)		(6,000)
Payments on revolving line of credit		—		(25,000)		—
Payments of deferred debt issuance costs		—		(125)		(39)
Proceeds from exercise of common stock options		24		14		153
Proceeds from the issuance of common stock from the employee stock purchase plan		1,660		1,541		1,286
Payments for repurchases of common stock		(3,508)		—		—
Proceeds from issuance of common stock at market		—		34,625		—
Net cash (used in) provided by financing activities		(4,824)		5,730		(9,600)
Net increase (decrease) in cash		33,334		39,104		(6,300)
Cash – beginning of period		61,033		21,929		28,229
Cash – end of period		$94,367		$61,033		$21,929

Supplemental cash flow disclosure
Cash paid for interest		$2,106		$4,560		$2,186
Cash paid for taxes		$6,848		$5,815		$44
Capital expenditures incurred but not yet paid		$76		$528		$38

Tactile Systems Technology, Inc.

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