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Tactile Medical

OverviewSuggest Edit

Tactile Medical is a leader in treatment options for lymphedema and venous ulcer therapies. Tactile Medical develops advanced home therapy devices to improve health and quality of life for patients with chronic swelling conditions. The Company's offering includes advanced, clinically proven pneumatic compression devices, as well as continuity of care services provided by a national network of product specialists and trainers, reimbursement experts, patient advocates, and clinicians.

TypePublic
Founded2006
HQMinneapolis, MN, USMap
Websitetactilemedical.com
Employee Ratings4.1More
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Latest Updates

Employees (est.) (Dec 2019)629(+27%)
Job Openings115
Revenue (FY, 2020)$187.1 M(-1%)
Share Price (Sept 2021)$41.8
Cybersecurity ratingBMore

Key People/Management at Tactile Medical

Daniel L. Reuvers

Daniel L. Reuvers

President & Chief Executive Officer, Director
Brent A. Moen

Brent A. Moen

Chief Finanical Officer
Thomas F. O'Donnell

Thomas F. O'Donnell

Chief Medical Officer
R. Jay Stracke

R. Jay Stracke

Vice President of Reimbursement and Payer Relations
Darin J. Oenning

Darin J. Oenning

VP Strategy and Business Development
Sunday J. Hoy

Sunday J. Hoy

Vice President and Compliance Officer
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Tactile Medical Office Locations

Tactile Medical has an office in Minneapolis
Minneapolis, MN, US (HQ)
3701 Wayzata Blvd #300
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Tactile Medical Financials and Metrics

Tactile Medical Revenue

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Tactile Medical's revenue was reported to be $187.13 m in FY, 2020
USD

Revenue (Q1, 2021)

42.8m

Gross profit (Q1, 2021)

30.2m

Gross profit margin (Q1, 2021), %

70.7%

Net income (Q1, 2021)

(2.3m)

EBIT (Q1, 2021)

(4.1m)

Market capitalization (14-Sept-2021)

820.4m

Closing stock price (14-Sept-2021)

41.8

Cash (31-Mar-2021)

46.9m

EV

775.5m
Tactile Medical's current market capitalization is $820.4 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

84.5m109.3m143.8m189.5m187.1m

Cost of goods sold

22.9m29.0m41.5m55.3m54.3m

Gross profit

61.6m80.3m102.3m134.2m132.8m

Gross profit Margin, %

73%73%71%71%71%
Quarterly
USDQ2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

19.7m19.9m26.3m28.3m26.8m34.1m36.3m37.6m45.2m49.6m43.7m35.1m49.1m42.8m

Cost of goods sold

5.3m5.6m7.0m7.5m7.3m9.6m10.1m11.4m13.7m14.2m12.6m10.2m14.1m12.5m

Gross profit

14.4m14.2m19.2m20.8m19.5m24.5m26.2m26.3m31.5m35.4m31.1m24.9m35.0m30.2m

Gross profit Margin, %

73%72%73%73%73%72%72%70%70%71%71%71%71%71%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

30.7m24.0m20.1m22.8m47.9m

Accounts Receivable

15.0m17.6m24.3m33.4m43.8m

Prepaid Expenses

981.0k2.2m1.8m2.5m2.6m

Inventories

6.6m11.0m11.2m19.1m18.6m
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

6.7m39.3m20.7m18.1m19.7m25.3m17.3m23.1m23.5m25.0m19.8m32.3m31.3m42.2m46.9m

Accounts Receivable

12.6m13.0m11.4m12.9m14.6m14.2m17.5m20.2m21.7m24.8m27.7m30.8m30.6m36.0m40.0m

Prepaid Expenses

434.0k808.0k870.0k708.0k932.0k1.1m947.0k2.4m1.7m1.6m2.0m2.0m2.2m4.0m2.2m

Inventories

5.9m6.2m6.9m9.6m9.8m14.7m16.4m14.9m11.3m13.2m16.9m22.4m24.8m22.4m22.0m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

2.9m5.9m6.6m11.0m(620.0k)

Depreciation and Amortization

799.0k1.8m3.6m3.5m2.8m

Inventories

(773.0k)(4.5m)(870.0k)(7.9m)318.0k

Accounts Payable

1.7m462.0k690.0k(1.4m)337.0k
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

8.0k500.0k(1.5m)2.3m3.6m(50.0k)2.5m4.3m1.5m4.3m6.7m(1.3m)(15.2m)(12.7m)(2.3m)

Depreciation and Amortization

437.0k675.0k398.0k664.0k1.1m563.0k1.7m2.5m996.0k1.8m2.6m730.0k1.5m2.1m652.0k

Inventories

(164.0k)(467.0k)(379.0k)(3.1m)(3.8m)(3.6m)(5.4m)(3.9m)(132.0k)(2.0m)(5.7m)(3.3m)(5.9m)(3.5m)(3.5m)

Accounts Payable

1.0m1.7m(394.0k)1.3m370.0k885.0k309.0k(508.0k)722.0k1.6m979.0k4.7m1.6m938.0k5.0m
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USDQ2, 2016

Revenue/Employee

84.2k

Financial Leverage

-5.7 x
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Tactile Medical Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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Tactile Medical Online and Social Media Presence

Tactile Medical's Trends

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Tactile Medical News and Updates

August 04, 2021

Tactile Medical to Present at the Guggenheim 2021 MedTech Disruptors Summit

MINNEAPOLIS, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that management will participate in the Guggenheim 2…
June 29, 2021

Tactile Medical to Release Second Quarter of Fiscal Year 2021 Financial Results on August 2, 2021

MINNEAPOLIS, June 29, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq:TCMD), a medical technology company focused on developing medical devices for the at-home treatment of chronic diseases, today announced that second quarter of fiscal year 2021 financial res…
May 18, 2021

Tactile Medical to Present at the William Blair 41st Annual Growth Stock Conference

MINNEAPOLIS, May 18, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that management will participate in the William Blair…
April 20, 2021

Tactile Medical Appoints Eric Pauls as Senior Vice President of Sales

MINNEAPOLIS, April 20, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced the appointment of Eric Pauls to the position of Se…
March 15, 2021

Tactile Medical Appoints Kristie Burns as Senior Vice President of Marketing & Clinical Affairs

MINNEAPOLIS, March 15, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, announced the appointment of Kristie Burns to the position of Senio…
February 08, 2021

Tactile Medical to Release Fourth Quarter and Fiscal Year 2020 Financial Results on February 23, 2021

MINNEAPOLIS, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq:TCMD), a medical technology company focused on developing medical devices for the at-home treatment of chronic diseases, today announced that fourth quarter and fiscal year 2020 financial re…
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Tactile Medical Blogs

May 03, 2021

Tactile Systems Technology, Inc. Reports First Quarter 2021 Financial Results; Reaffirms Full Year 2021 Outlook

MINNEAPOLIS , May 03, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the at-home treatment of chronic diseases, today reported financial results for the first quarter ended March
April 08, 2021

Tactile Medical to Release First Quarter of Fiscal Year 2021 Financial Results on May 3, 2021

Tactile Medical to Release First Quarter of Fiscal Year 2021 Financial Results on May 3, 2021 Content Import Thu, 04/08/2021 - 16:06 Tactile Medical to Release First Quarter of Fiscal Year 2021 Financial Results on May 3, 2021 April 8, 2021 This release is a backfill from a…
February 09, 2021

Tactile Medical to Participate in Upcoming Investor Conferences in February and March

MINNEAPOLIS , Feb. 09, 2021 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that management will participate in the following
November 03, 2020

Tactile Medical to Participate in Upcoming Investor Conferences in November and December

MINNEAPOLIS , Nov. 03, 2020 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that management will participate in the following
September 01, 2020

Tactile Medical to Participate in Two Upcoming Investor Conferences in September

MINNEAPOLIS , Sept. 01, 2020 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that management will participate in the following
August 05, 2020

Tactile Medical to Present at the Canaccord Genuity 40th Annual Global Growth Conference

Tactile Medical to Present at the Canaccord Genuity 40th Annual Global Growth Conference Content Import Wed, 08/05/2020 - 16:07 Tactile Medical to Present at the Canaccord Genuity 40th Annual Global Growth Conference August 5, 2020 at 4:05 PM EDT This release …
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 Tactile Medical Frequently Asked Questions

  • When was Tactile Medical founded?

    Tactile Medical was founded in 2006.

  • Who are Tactile Medical key executives?

    Tactile Medical's key executives are Daniel L. Reuvers, Brent A. Moen and Thomas F. O'Donnell.

  • How many employees does Tactile Medical have?

    Tactile Medical has 629 employees.

  • What is Tactile Medical revenue?

    Latest Tactile Medical annual revenue is $187.1 m.

  • What is Tactile Medical revenue per employee?

    Latest Tactile Medical revenue per employee is $297.5 k.

  • Who are Tactile Medical competitors?

    Competitors of Tactile Medical include Provent Sleep Therapy, AdaptHealth and Qool Therapeutics.

  • Where is Tactile Medical headquarters?

    Tactile Medical headquarters is located at 3701 Wayzata Blvd #300, Minneapolis.

  • Where are Tactile Medical offices?

    Tactile Medical has an office in Minneapolis.

  • How many offices does Tactile Medical have?

    Tactile Medical has 1 office.