Tactile Systems Technology Inc (OQ:TCMD)

Business Focus: Medical Equipment

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 1331 Tyler St NE Ste 200
MINNEAPOLIS MN 55413-1638
Tel: 1-443-2130500
Website: https://www.tactilemedical.com
IR: See website
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Key People
Peter H. Soderberg
Independent Chairman of the Board
Daniel L. Reuvers
President, Chief Executive Officer, Director
Brent A. Moen
Chief Financial Officer
Robert J. Folkes
Chief Operating Officer
Bryan F. Rishe
Senior Vice President of Sales
Peter Schaubach
Chief Information Officer
Jay Stracke
Vice President of Reimbursement and Payer Relations
   
Business Overview
Tactile Systems Technology, Inc. is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency. Its products deliver long-term treatment of chronic diseases. The Company provides its products for use in the home and sells them through vascular, wound and lymphedema clinics throughout the United States. The Company offers a platform to deliver at-home healthcare solutions throughout the United States. Its initial area of therapeutic focus is vascular disease, with a focus on advancing the care in treating lymphedema and chronic venous insufficiency.
Financial Overview
For the six months ended 30 June 2020, Tactile Systems Technology Inc revenues decreased 5% to $78.8M. Net loss totaled $15.2M vs. income of $4.3M. Revenues reflect Flexitouch system segment decrease of 59% to $31.1M, Entre/Actitouch systems segment decrease of 48% to $4M. Net loss reflects Sales and marketing - Balancing value increase of 13% to $37.9M (expense).
Employees: 629 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $664.28M as of Jun 30, 2020
Annual revenue (TTM): $185.47M as of Jun 30, 2020
EBITDA (TTM): $3.59M as of Jun 30, 2020
Net annual income (TTM): -$8.44M as of Jun 30, 2020
Free cash flow (TTM): -$11.22M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 19,413,004 as of Jul 31, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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