Tactile Systems Technology Full Year 2023 Earnings: EPS Beats Expectations
Tactile Systems Technology (NASDAQ:TCMD) Full Year 2023 Results
Key Financial Results
Revenue: US$274.4m (up 11% from FY 2022).
Net income: US$28.5m (up from US$17.9m loss in FY 2022).
Profit margin: 10% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
EPS: US$1.24 (up from US$0.89 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tactile Systems Technology EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 8.7% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Tactile Systems Technology that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
