Tactile Systems Technology Inc · Q4 2021 earnings

Briefing

Tactile Systems Technology's fourth quarter results were reported, with revenue increasing by 4% year-over-year. However, the company experienced a net loss compared to a net income in the same quarter of the previous year.

Tactile Systems Technology, Inc. reported a 4% increase in revenue for the fourth quarter of 2021, reaching $61.7 million. This growth was primarily driven by the acquisition of AffloVest, which contributed $4.3 million in revenue. However, the company experienced a net loss of $7.5 million, compared to a net income of $12.1 million in the fourth quarter of 2020. The company introduced full year 2022 outlook.

• Total revenue increased 4% year-over-year to $61.7 million.
• Revenue included $4.3 million from AffloVest business.
• Operating income was $3.8 million, compared to $7.0 million in the prior year.
• Net loss was $7.5 million, compared to net income of $12.1 million in the prior year.

Headline financials

Revenue & EPS history

The Company expects full year 2022 total revenue in the range of $235.0 million to $240.0 million, representing growth of approximately 13% to 15% year-over-year, compared to total revenue of $208.1 million in 2021.