Tactile Systems reports Q2 EPS 13c, consensus 4c
Reports Q2 revenue $34.1M, consensus $31.59M. Net income for the second quarter of 2018 decreased approximately $1.2M or 32%, to $2.6M, or 13c per diluted share, compared to net income of $3.8M, or 20c per diluted share, in the second quarter of 2017. The decrease in net income was primarily driven by a $1.9M decrease in the tax benefit recognized in the current quarter, compared to the second quarter of 2017. Weighted average shares used to compute diluted net income per share were 19.3 million and 18.8 million for the second quarters of 2018 and 2017, respectively. Adjusted EBITDA for the second quarter of 2018 increased approximately $2M year-over-year to $4.3M, compared to Adjusted EBITDA of $2.3M in the second quarter of 2017.