TCMD - Tactile Systems Technology Inc Stock Price, Fair Value and News

14.77USD-0.28 (-1.86%)Market Closed

Market Summary

USD14.77-0.28

Market Closed

-1.86%

TCMD Stock Price

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TCMD RSI Chart

TCMD Valuation

Market Cap

348.6M

Price/Earnings (Trailing)

12.22

Price/Sales (Trailing)

1.27

EV/EBITDA

10.7

Price/Free Cashflow

10.4

TCMD Price/Sales (Trailing)

TCMD Profitability

Operating Margin

71.11%

EBT Margin

5.75%

Return on Equity

14.73%

Return on Assets

10.13%

Free Cashflow Yield

9.62%

TCMD Fundamentals

TCMD Revenue

Revenue (TTM)

274.4M

Rev. Growth (Yr)

5.08%

Rev. Growth (Qtr)

11.59%

TCMD Earnings

Earnings (TTM)

28.5M

Earnings Growth (Yr)

77.49%

Earnings Growth (Qtr)

-63.22%

Breaking Down TCMD Revenue

Last 7 days

-6.5%

Last 30 days

-8.3%

Last 90 days

3.4%

Trailing 12 Months

-19.7%

How does TCMD drawdown profile look like?

TCMD Financial Health

Current Ratio

3.54

TCMD Investor Care

Shares Dilution (1Y)

16.54%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	257.7M	266.3M	270.7M	274.4M
2022	213.3M	221.8M	234.6M	246.8M
2021	186.2M	202.2M	205.6M	208.1M
2020	195.6M	185.5M	184.9M	187.1M
2019	154.5M	165.6M	178.9M	189.5M
2018	116.3M	124.2M	132.2M	143.8M
2017	90.7M	97.2M	102.9M	109.3M
2016	66.5M	71.4M	77.2M	84.5M
2015	51.5M	55.3M	59.1M	62.9M
2014	0	0	0	47.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Tactile Systems Technology Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 29, 2024	burns kristie	sold	-3,705	15.2505	-243	sr. vp mktg & clinical affairs
Feb 29, 2024	reuvers daniel l.	sold	-21,289	15.25	-1,396	president and ceo
Feb 27, 2024	reuvers daniel l.	sold	-73,148	15.6	-4,689	president and ceo
Feb 27, 2024	burns kristie	sold	-17,001	15.5831	-1,091	sr. vp mktg & clinical affairs
Feb 26, 2024	reuvers daniel l.	sold	-98,644	15.811	-6,239	president and ceo
Feb 26, 2024	burns kristie	sold	-32,048	15.905	-2,015	sr. vp mktg & clinical affairs
Feb 24, 2024	burns kristie	acquired	-	-	11,762	sr. vp mktg & clinical affairs
Feb 24, 2024	birkemeyer elaine m.	acquired	-	-	2,848	chief financial officer
Feb 24, 2024	reuvers daniel l.	acquired	-	-	58,030	president and ceo
Feb 23, 2024	burns kristie	sold	-33,278	14.7968	-2,249	sr. vp mktg & clinical affairs

Which funds bought or sold TCMD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 10, 2024	Yarbrough Capital, LLC	unchanged	-	45,349	377,910	0.02%
Apr 10, 2024	Banque Cantonale Vaudoise	unchanged	-	14,000	114,000	-%
Apr 09, 2024	Rise Advisors, LLC	unchanged	-	195	1,625	-%
Apr 05, 2024	CWM, LLC	added	79.38	3,000	7,000	-%
Apr 05, 2024	GAMMA Investing LLC	unchanged	-	4.00	65.00	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-0.03	337,067	19,591,200	-%
Mar 05, 2024	Fisher Asset Management, LLC	sold off	-100	-4,229	-	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	336	5,107,940	6,593,330	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	2,231	165,394	-%
Feb 26, 2024	PERCEPTIVE ADVISORS LLC	unchanged	-	176,790	10,112,400	0.23%

Are Funds Buying or Selling TCMD?

Are funds buying TCMD calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TCMD

No. of Funds

Unveiling Tactile Systems Technology Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	first light asset management, llc	12.20%	2,865,547	SC 13G
Feb 14, 2024	cadian capital management, lp	7.4%	17,450	SC 13G
Feb 14, 2024	divisadero street capital management, lp	0.01%	1,207	SC 13G/A
Feb 13, 2024	vanguard group inc	5.83%	1,370,016	SC 13G/A
Jan 24, 2024	blackrock inc.	10.3%	2,425,168	SC 13G/A
Nov 06, 2023	first light asset management, llc	12.20%	2,863,130	SC 13G
Jul 28, 2023	divisadero street capital management, lp	5.9%	1,371,435	SC 13G
Feb 14, 2023	point72 asset management, l.p.	0%	0	SC 13G/A
Feb 13, 2023	champlain investment partners, llc	0.00%	0	SC 13G/A
Feb 10, 2023	morgan stanley	2.7%	539,213	SC 13G/A

Recent SEC filings of Tactile Systems Technology Inc

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	ARS	ARS
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	DEFA14A	DEFA14A
Mar 15, 2024	PRE 14A	PRE 14A
Feb 29, 2024	144	Notice of Insider Sale Intent
Feb 29, 2024	144	Notice of Insider Sale Intent
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 27, 2024	144	Notice of Insider Sale Intent
Feb 27, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Tactile Systems Technology Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ABT	189.3B	40.1B	-9.21%	5.29%	33.08	4.72	-8.12%	-17.45%
BDX	67.9B	19.5B	-1.55%	-8.27%	54.08	3.48	4.02%	-22.04%
ALGN	23.7B	3.9B	-1.72%	-7.67%	53.19	6.13	3.42%	23.09%
BAX	20.5B	14.8B	-5.55%	-6.65%	7.71	1.38	2.12%	209.17%
MID-CAP
HSIC	9.1B	12.3B	-5.72%	-13.98%	21.94	0.74	-2.44%	-22.68%
ATR	9.1B	3.5B	-2.81%	14.53%	31.84	2.6	4.97%	18.89%
BIO	8.8B	2.7B	-10.75%	-38.18%	-13.76	3.28	-4.68%	82.43%
XRAY	6.5B	4.0B	-8.29%	-23.99%	-48.26	1.64	1.10%	85.84%
AXNX	3.4B	366.4M	-0.38%	19.00%	-567.94	9.41	33.86%	89.83%
PDCO	2.3B	6.6B	-5.95%	-4.86%	11.79	0.35	2.78%	-0.87%
SMALL-CAP
AHCO	1.3B	3.2B	-4.92%	-19.00%	-1.93	0.41	7.73%	-1066.14%
ANIK	372.1M	166.7M	-1.34%	-7.94%	-4.5	2.23	6.67%	-456.34%
ANGO	255.5M	324.0M	14.75%	-32.34%	-1.33	0.79	-3.19%	-337.41%
APYX	49.2M	52.3M	-18.86%	-53.44%	-2.63	0.94	17.61%	19.28%
AEMD	4.0M	3.7M	-9.04%	297.37%	-0.32	1.06	5.77%	8.23%

Tactile Systems Technology Inc News

Latest updates

Tactile Systems Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	11.6%	77,652	69,586	68,339	58,846	73,900	65,262	59,645	47,978	61,728	52,497	51,060	42,772	59,243	49,092	35,120	43,675	57,063	49,612	45,200	37,617	46,448
Cost Of Revenue	7.0%	21,645	20,227	20,040	17,378	21,803	18,468	16,422	14,116	16,918	15,529	14,855	12,542	17,390	14,120	10,208	12,602	15,963	14,239	13,695	11,359	14,433
Gross Profit	13.5%	56,007	49,359	48,299	41,468	52,097	46,794	43,223	33,862	44,810	36,968	36,205	30,230	41,853	34,972	24,912	31,073	41,100	35,373	31,505	26,258	32,015
Operating Expenses	6.9%	44,207	41,370	46,241	45,274	44,247	48,414	47,310	48,763	41,045	38,335	36,281	34,314	34,861	33,178	32,875	35,524	35,036	32,176	28,463	28,060	29,879
S&GA Expenses	2.1%	26,581	26,030	28,206	26,302	27,083	26,583	28,822	23,930	24,826	22,231	20,933	18,785	19,778	19,488	17,398	22,970	22,374	20,737	18,418	17,391	17,730
R&D Expenses	-8.7%	1,793	1,964	1,833	2,233	2,139	1,581	1,849	1,520	1,774	1,409	1,206	1,270	1,373	1,102	1,105	1,684	1,192	1,467	1,234	1,281	1,340
EBITDA Margin	26.3%	0.10*	0.08*	0.04*	0.02*	-0.03*	-0.05*	-0.06*	-0.04*	0.01*	0.03*	0.04*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	97.7%	1,750	885	998	927	753	985	35.00	413	-	-	-	-	-	-	-	-	-	-	-	-	6.00
Income Taxes	124.2%	3,562	-14,700	1,300	-2,913	2,292	-77.00	-20.00	200	10,851	1,900	-1,400	-1,800	-3,926	-751	5,900	-2,878	1,944	900	400	-3,113	-101
Earnings Before Taxes	55.1%	11,764	7,585	1,220	-4,799	6,900	-2,356	-4,660	-15,357	3,388	-1,487	-100	-4,094	8,178	1,673	-7,927	-4,185	6,200	3,363	3,207	-1,641	2,271
EBT Margin	42.6%	0.06*	0.04*	0.00*	-0.02*	-0.06*	-0.08*	-0.08*	-0.06*	-0.01*	0.01*	0.03*	-	-	-	-	-	-	-	-	-	-
Net Income	-63.2%	8,202	22,299	-100	-1,886	4,621	-2,279	-4,640	-15,568	-7,495	-3,355	1,305	-2,266	12,113	2,424	-13,850	-1,307	4,283	2,431	2,785	1,472	2,355
Net Income Margin	12.8%	0.10*	0.09*	0.00*	-0.02*	-0.07*	-0.13*	-0.14*	-0.12*	-0.06*	0.04*	0.07*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	369.8%	17,452	3,715	13,107	-743	3,806	854	2,106	-3,337	4,724	-1,676	-1,471	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-4.0%	281	293	274	276	255	249	237	233	244	249	182	175	174	158	142	156	152	144	122	114	107
Current Assets	-4.2%	145	152	150	145	120	117	107	103	114	107	127	122	124	114	105	112	108	103	94.00	86.00	85.00
Cash Equivalents	-7.6%	61.00	66.00	63.00	55.00	22.00	23.00	23.00	21.00	28.00	22.00	49.00	47.00	48.00	42.00	31.00	32.00	23.00	20.00	25.00	24.00	20.00
Inventory	-4.1%	23.00	23.00	20.00	20.00	23.00	23.00	20.00	19.00	19.00	24.00	21.00	22.00	19.00	22.00	25.00	22.00	19.00	17.00	13.00	11.00	11.00
Net PPE	12.9%	6.00	5.00	6.00	6.00	6.00	7.00	6.00	6.00	7.00	6.00	6.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	5.00	5.00	5.00
Goodwill	0%	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-20.5%	88.00	110	115	119	134	134	123	118	116	117	49.00	50.00	49.00	49.00	38.00	42.00	39.00	40.00	23.00	22.00	18.00
Current Liabilities	-10.0%	41.00	46.00	49.00	51.00	64.00	56.00	47.00	40.00	34.00	31.00	27.00	28.00	27.00	26.00	20.00	25.00	21.00	24.00	19.00	17.00	16.00
Shareholder's Equity	5.9%	194	183	159	156	121	114	114	115	128	132	133	125	125	109	103	113	113	104	99.00	92.00	89.00
Retained Earnings	76.7%	19.00	11.00	-11.61	-11.51	-9.62	-14.24	-11.96	-7.32	8.00	16.00	19.00	18.00	20.00	8.00	6.00	19.00	21.00	16.00	14.00	11.00	10.00
Additional Paid-In Capital	1.5%	175	172	170	168	131	129	126	122	120	116	114	107	105	101	98.00	94.00	92.00	88.00	85.00	81.00	80.00
Shares Outstanding	0.4%	24.00	23.00	23.00	23.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	582	-	-	-	147	-	-	-	1,006	-	-	-	772	-	-	-	1,034	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	348.0%	18,352	4,096	13,909	-502	3,855	2,254	2,306	-3,206	5,606	-1,058	-1,117	-800	5,039	5,735	-8,889	909	89.00	1,570	-422	1,273	5,323
Share Based Compensation	10.4%	1,950	1,766	1,808	2,023	1,919	2,560	2,893	2,228	2,470	2,588	2,658	2,457	2,401	3,164	2,396	2,728	2,437	2,330	2,274	2,783	2,336
Cashflow From Investing	-135.6%	-940	-399	-851	-291	-65.00	-1,428	-241	-175	-947	-80,494	-432	-311	-505	4,953	6,125	9,606	954	-7,003	-11.00	3,725	-9,498
Cashflow From Financing	-2467.6%	-22,415	-873	-4,857	33,875	-5,287	-750	135	-3,698	1,169	54,946	3,631	181	1,117	175	1,808	-988	1,913	207	1,925	-1,549	1,138

TCMD Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total revenue	$ 274,423	$ 246,785	$ 208,057
Total cost of revenue	79,290	70,809	59,844
Gross profit	195,133	175,976	148,213
Operating expenses
Sales and marketing	107,119	106,418	86,775
Research and development	7,823	7,088	5,659
Reimbursement, general and administrative	62,074	60,796	56,802
Intangible asset amortization and earn-out	76	14,432	739
Total operating expenses	177,092	188,734	149,975
Income (loss) from operations	18,041	(12,758)	(1,762)
Other expense	(2,271)	(2,715)	(531)
Income (loss) before income taxes	15,770	(15,473)	(2,293)
Income tax (benefit) expense	(12,745)	2,393	9,518
Net income (loss)	$ 28,515	$ (17,866)	$ (11,811)
Net income (loss) per common share
Basic (in dollars per share)	$ 1.24	$ (0.89)	$ (0.60)
Diluted (in dollars per share)	$ 1.23	$ (0.89)	$ (0.60)
Weighted-average common shares used to compute net income (loss) per common share
Basic (in shares)	22,925,497	20,067,969	19,719,485
Diluted (in shares)	23,176,169	20,067,969	19,719,485
Sales revenue
Total revenue	$ 239,493	$ 211,345	$ 177,914
Total cost of revenue	66,713	59,619	50,222
Gross profit	172,780	151,726	127,692
Rental revenue
Total revenue	34,930	35,440	30,143
Total cost of revenue	12,577	11,190	9,622
Gross profit	$ 22,353	$ 24,250	$ 20,521

TCMD Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 61,033	$ 21,929
Accounts receivable	43,173	54,826
Net investment in leases	14,195	16,130
Inventories	22,527	23,124
Prepaid expenses and other current assets	4,366	3,754
Total current assets	145,294	119,763
Non-current assets
Property and equipment, net	6,195	6,077
Right of use operating lease assets	19,128	21,322
Intangible assets, net	46,724	50,375
Goodwill	31,063	31,063
Accounts receivable, non-current	10,936	23,061
Deferred income taxes	19,378
Other non-current assets	2,720	3,335
Total non-current assets	136,144	135,233
Total assets	281,438	254,996
Current liabilities
Accounts payable	6,659	9,984
Note payable	2,956	2,968
Earn-out, current		13,050
Accrued payroll and related taxes	16,789	17,100
Accrued expenses	5,904	9,240
Income taxes payable	1,467	2,336
Operating lease liabilities	2,807	2,500
Other current liabilities	4,475	7,152
Total current liabilities	41,057	64,330
Non-current liabilities
Revolving line of credit, non-current		24,916
Note payable, non-current	26,176	20,979
Accrued warranty reserve, non-current	1,681	2,207
Income taxes payable, non-current	446	298
Operating lease liabilities, non-current	18,436	20,866
Total non-current liabilities	46,739	69,266
Total liabilities	87,796	133,596
Commitments and Contingencies (see Note 12)
Stockholders' equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022
Common stock, $0.001 par value, 300,000,000 shares authorized; 23,600,584 shares issued and outstanding as of December 31, 2023; 20,252,677 shares issued and outstanding as of December 31, 2022	24	20
Additional paid-in capital	174,724	131,001
Retained earnings (accumulated deficit)	18,894	(9,621)
Total stockholders' equity	193,642	121,400
Total liabilities and stockholders' equity	$ 281,438	$ 254,996

About Tactile Systems Technology Inc

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders. The company was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

CEO	Mr. Daniel L. Reuvers
WEBSITE	tactilemedical.com
INDUSTRY	Medical Instruments & Supplies
EMPLOYEES	982

Tactile Systems Technology Inc Frequently Asked Questions

What is the ticker symbol for Tactile Systems Technology Inc? What does TCMD stand for in stocks?

TCMD is the stock ticker symbol of Tactile Systems Technology Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tactile Systems Technology Inc (TCMD)?

As of Fri Apr 12 2024, market cap of Tactile Systems Technology Inc is 348.58 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TCMD stock?

You can check TCMD's fair value in chart for subscribers.

What is the fair value of TCMD stock?

You can check TCMD's fair value in chart for subscribers. The fair value of Tactile Systems Technology Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Tactile Systems Technology Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TCMD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Tactile Systems Technology Inc a good stock to buy?

The fair value guage provides a quick view whether TCMD is over valued or under valued. Whether Tactile Systems Technology Inc is cheap or expensive depends on the assumptions which impact Tactile Systems Technology Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TCMD.

What is Tactile Systems Technology Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, TCMD's PE ratio (Price to Earnings) is 12.22 and Price to Sales (PS) ratio is 1.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TCMD PE ratio will change depending on the future growth rate expectations of investors.