Tactile Systems Technology Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Tactile Systems Technology (NASDAQ:TCMD) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$65.3m (up 24% from 3Q 2021).
• Net loss: US$2.28m (loss narrowed by 32% from 3Q 2021).
• US$0.11 loss per share (improved from US$0.17 loss in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tactile Systems Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 16% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Tactile Systems Technology's balance sheet and an in-depth analysis of the company's financial position.

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