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TCMD

Tactile Systems

$70.07 /

+0.9 (+1.30%)

07:25
01/13/20
01/13
07:25
01/13/20
07:25

Tactile Systems sees FY20 revenue $227.5M-$230.5M, consensus $223.16M

"We are pleased to report impressive performance during the fourth quarter, which resulted in expected revenue growth of 21% to 22% year-over-year," said Gerald R. Mattys, Chief Executive Officer of Tactile Medical. "Our solid execution during the fourth quarter enabled us to bring 2019 to a strong close, with improved profitability and expected full year 2019 revenue growth of approximately 31% driven by investments in the field sales team, solid market adoption of the Flexitouch Plus system, a targeting strategy focused on the most productive accounts in the lymphedema market and the broad in-network coverage we have obtained with commercial payers. As we enter 2020, we remain focused on expanding our share of the $4+ billion U.S. market in lymphedema and chronic venous insufficiency and believe we are poised to deliver another year of 20% plus revenue growth and improved profitability."

  • 14

    Jan

TCMD Tactile Systems
$70.07 /

+0.9 (+1.30%)

12/12/19 BTIG
Tactile Systems price target raised to $72 from $62 at BTIG
11/18/19 Piper Sandler
Tactile Systems transferred with an Overweight at Piper Jaffray
11/05/19 Piper Sandler
Tactile Systems price target lowered to $70 from $84 at Piper Jaffray
10/21/19 Oppenheimer
Tactile Systems initiated with a Perform at Oppenheimer

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