NASDAQ$TCMD
Tactile Systems Technology Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Increased revenue and improved profitability compared to the prior year quarter.
Tactile Systems Technology, Inc. reported a 24% increase in total revenue to $65.3 million for the third quarter of 2022, driven by growth in both airway clearance and lymphedema product lines. The company also delivered significant improvements in profitability, with increased gross, operating, and adjusted EBITDA margins.
- Total revenue increased 24% year-over-year to $65.3 million.
- Airway clearance products revenue was $11.0 million, compared to $0.9 million in Q3 2021.
- Operating loss was $1.6 million, compared to $1.4 million in Q3 2021.
- Non-GAAP net income was $1.9 million, compared to non-GAAP net loss of $1.6 million in Q3 2021.
Headline financials
Revenue & EPS history
Tactile Systems · Revenue · Quarterly
$65.3M
Revenue by segment
Tactile Systems · $65.3M total across 2 segments · Q3 2022
- Lymphedema products$54.2M—83.1%
- Airway clearance products$11M—16.9%
Forward guidance
The Company now expects full year 2022 total revenue in the range of $242.0 million to $245.0 million, representing growth of approximately 16% to 18% year-over-year, compared to total revenue of $208.1 million in 2021.
Tailwinds
- Stronger-than-anticipated third quarter results.
- Continued execution with respect to improving the productivity of salesforce.
- Facilitating the introduction of new products.
- Supporting DME channel partners.
- Improving profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+3.1%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+5.9%
Avg return
30 days after
64%
29 / 45 earnings
Positive
+40.6%
Q3 2025
Best reaction
-29.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.2% | +14.5% | +12.2% | |
| Q4 2025 | +17.4% | +2.2% | -7.0% | |
| Q3 2025 | +40.6% | +57.6% | +70.0% | |
| Q1 2025 | -29.0% | -31.6% | -27.5% | |
| Q4 2024 | -13.3% | -16.6% | -25.6% | |
| Q3 2024 | -8.6% | +2.2% | +29.5% | |
| Q2 2024 | +7.2% | +8.6% | +8.4% | |
| Q1 2024 | +1.1% | -2.6% | -15.2% | |
| Q4 2023 | -5.4% | +8.0% | +12.6% | |
| Q3 2023 | -22.8% | -16.9% | +1.3% | |
| Q2 2023 | -14.7% | -10.2% | -10.1% | |
| Q1 2023 | +14.0% | +15.7% | +29.6% | |
| Q4 2022 | +2.4% | +7.6% | +13.5% | |
| Q3 2022 | +17.8% | +27.5% | +49.9% | |
| Q2 2022 | +18.2% | +15.0% | +6.5% | |
| Q1 2022 | +2.4% | -22.9% | -41.8% | |
| Q4 2021 | +7.3% | +29.9% | +30.6% | |
| Q3 2021 | -22.9% | -22.1% | -44.1% | |
| Q2 2021 | -9.1% | -10.8% | -8.6% | |
| Q1 2021 | -7.5% | -2.4% | -9.0% | |
| Q4 2020 | -10.4% | -15.0% | -13.7% | |
| Q3 2020 | +5.4% | -2.7% | +14.4% | |
| Q2 2020 | -13.3% | -8.4% | -9.9% | |
| Q1 2020 | -1.0% | +3.2% | +4.8% | |
| Q4 2019 | -2.8% | -6.3% | -28.2% | |
| Q3 2019 | +7.8% | +12.4% | +35.8% | |
| Q2 2019 | -9.6% | -7.6% | -11.3% | |
| Q1 2019 | +4.5% | +4.0% | -4.6% | |
| Q4 2018 | +0.4% | +2.9% | -27.5% | |
| Q3 2018 | -7.9% | -5.6% | -18.2% | |
| Q2 2018 | +13.4% | +12.4% | +37.6% | |
| Q1 2018 | +20.0% | +26.8% | +41.2% | |
| Q4 2017 | +7.8% | +1.6% | -0.8% | |
| Q3 2017 | -10.4% | -7.6% | -1.1% | |
| Q2 2017 | +17.4% | +7.7% | +19.3% | |
| Q1 2016 | +13.9% | +22.1% | +31.1% | |
| Q1 2017 | +13.9% | +22.1% | +31.1% | |
| Q1 2015 | +17.7% | +10.2% | +6.1% | |
| Q4 2016 | +17.7% | +10.2% | +6.1% | |
| Q4 2014 | +17.7% | +10.2% | +6.1% | |
| Q3 2015 | +7.6% | +2.1% | -11.1% | |
| Q3 2016 | +7.6% | +2.1% | -11.1% | |
| Q4 2015 | +6.8% | +3.9% | +31.8% | |
| Q2 2016 | +6.8% | +3.9% | +31.8% | |
| Q2 2015 | +6.8% | +3.9% | +31.8% | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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