Cash flow Tactile Systems Technology, Inc.

Equities

TCMD

US87357P1003

Medical Equipment, Supplies & Distribution

Market Closed - Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			5-day change	1st Jan Change
26.45 ^USD	-0.04%		-5.23%	-8.79%

01-05	Tactile Systems Technology Shares Rise After Piper Sandler Upgrade	MT
01-05	Piper Sandler Upgrades Tactile Systems Technology to Overweight From Neutral, Adjusts Price Target to $35 From $20	MT

32c78c4c46a8381e7b1.cmyT8AO3_mtlREt3vRdfvPcpJb8s2rSQansWM6Myhic.HDvkuFnUvCYKEy0o9Sc8jcJDbMlW6e3lP01cd-hZ2WkiIarAT4PLWxQBfw

Published financial data: TACTILE SYSTEMS TECHNOLOGY, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	187M	208M	247M	274M	293M
Total Revenues	187M	208M	247M	274M	293M
Cost of Goods Sold, Total	53.92M	59.84M	70.81M	79.29M	76.3M
Gross Profit	133M	148M	176M	195M	217M
Selling General & Admin Expenses, Total	128M	144M	167M	169M	183M
R&D Expenses	5.26M	5.66M	7.09M	7.82M	8.83M
Amortization of Goodwill and Intangible Assets - (IS)	-	739K	2.58M	2.55M	2.53M
Other Operating Expenses, Total	133M	150M	177M	180M	195M
Operating Income	397K	-1.76M	-908K	15.57M	22.18M
Interest Expense, Total	-	-531K	-2.72M	-	-2.08M
Interest And Investment Income	167K	-	-	-	3.38M
Net Interest Expenses	167K	-531K	-2.72M	-	1.3M
Other Non Operating Income (Expenses)	-	-	-	-2.27M	9K
EBT, Excl. Unusual Items	564K	-2.29M	-3.62M	13.3M	23.49M
Restructuring Charges	-4.02M	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	1.2M	-	-11.85M	2.48M	-
EBT, Incl. Unusual Items	-2.26M	-2.29M	-15.47M	15.77M	23.49M
Income Tax Expense	-1.64M	9.52M	2.39M	-12.74M	6.53M
Earnings From Continuing Operations	-620K	-11.81M	-17.87M	28.52M	16.96M
Net Income to Company	-620K	-11.81M	-17.87M	28.52M	16.96M
Net Income - (IS)	-620K	-11.81M	-17.87M	28.52M	16.96M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-620K	-11.81M	-17.87M	28.52M	16.96M
Net Income to Common Excl. Extra Items	-620K	-11.81M	-17.87M	28.52M	16.96M
Per Share Items
Net EPS - Basic	-0.03	-0.6	-0.89	1.24	0.71
Basic EPS - Continuing Operations	-0.03	-0.6	-0.89	1.24	0.71
Basic Weighted Average Shares Outstanding	19.35M	19.72M	20.07M	22.93M	23.88M
Net EPS - Diluted	-0.03	-0.6	-0.89	1.23	0.7
Diluted EPS - Continuing Operations	-0.03	-0.6	-0.89	1.23	0.7
Diluted Weighted Average Shares Outstanding	19.35M	19.72M	20.07M	23.18M	24.14M
Normalized Basic EPS	0.02	-0.07	-0.11	0.36	0.61
Normalized Diluted EPS	0.02	-0.07	-0.11	0.36	0.61
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	3.19M	1.55M	5.36M	22.1M	28.97M
EBITA	797K	-730K	2.89M	19.37M	25.98M
EBIT	397K	-1.76M	-908K	15.57M	22.18M
EBITDAR	6.19M	5.15M	9.16M	25.7M	32.47M
Total Revenues (As Reported)	187M	208M	247M	274M	293M
Effective Tax Rate - (Ratio)	72.58	-415.09	-15.47	-80.82	27.8
Current Domestic Taxes	-359K	-1.06M	2.48M	6.48M	5.67M
Total Current Taxes	-359K	-1.06M	2.48M	6.48M	5.67M
Deferred Domestic Taxes	-1.23M	10.23M	-32K	-19.38M	1.07M
Total Deferred Taxes	-1.23M	10.23M	-32K	-19.38M	1.07M
Normalized Net Income	352K	-1.43M	-2.26M	8.31M	14.68M
Supplemental Operating Expense Items
Advertising Expense	100K	100K	100K	100K	-
Selling and Marketing Expenses	79.63M	86.78M	106M	107M	112M
Research And Development Expense From Footnotes	5.26M	5.66M	7.09M	7.82M	8.83M
Net Rental Expense, Total	3M	3.6M	3.8M	3.6M	3.5M
Imputed Operating Lease Interest Expense	-	300K	1.08M	-	1.22M
Imputed Operating Lease Depreciation	-	3.3M	2.72M	-	2.28M
Stock-Based Comp., COGS (Total)	539K	433K	367K	420K	365K
Stock-Based Comp., R&D Exp. (Total)	360K	314K	226K	133K	157K
Stock-Based Comp., S&M Exp. (Total)	5.06M	4.07M	4.06M	2.98M	2.41M
Stock-Based Comp., SG&A Exp. (Total)	4.73M	5.36M	4.95M	4.01M	4.88M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	10.69M	10.17M	9.6M	7.55M	7.82M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	47.86M	28.23M	21.93M	61.03M	94.37M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	47.86M	28.23M	21.93M	61.03M	94.37M
Accounts Receivable, Total	54.56M	61.96M	70.96M	57.37M	59.48M
Other Receivables	-	-	-	-	-
Total Receivables	54.56M	61.96M	70.96M	57.37M	59.48M
Inventory	18.56M	19.22M	23.12M	22.53M	18.67M
Prepaid Expenses	2.64M	4.14M	3.75M	4.37M	5.05M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	124M	114M	120M	145M	178M
Gross Property Plant And Equipment	34.46M	39.78M	38.18M	33.91M	33.21M
Accumulated Depreciation	-7.38M	-9.04M	-10.78M	-8.58M	-10.98M
Net Property Plant And Equipment	27.09M	30.73M	27.4M	25.32M	22.24M
Long-term Investments	300K	300K	300K	300K	300K
Goodwill	-	31.06M	31.06M	31.06M	31.06M
Other Intangibles, Total	1.68M	54.08M	50.38M	46.72M	42.79M
Accounts Receivable Long-Term	9.43M	12.85M	23.06M	10.94M	-
Deferred Tax Assets Long-Term	10.2M	-	-	19.38M	18.31M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.77M	1.7M	3.04M	2.42M	5.66M
Total Assets	174M	244M	255M	281M	298M
Liabilities
Accounts Payable, Total	4.2M	5.02M	9.98M	6.66M	5.65M
Accrued Expenses, Total	14.4M	15.55M	24.34M	20.34M	23.92M
Current Portion of Long-Term Debt	-	2.96M	2.97M	2.96M	2.96M
Current Portion of Leases	2.01M	2.51M	2.5M	2.81M	2.98M
Current Income Taxes Payable	2.66M	16K	2.34M	1.47M	270K
Other Current Liabilities	3.45M	8.41M	22.21M	6.83M	4.93M
Total Current Liabilities	26.71M	34.46M	64.33M	41.06M	40.7M
Long-Term Debt	-	51.79M	45.9M	26.18M	23.22M
Long-Term Leases	19.39M	23.35M	20.87M	18.44M	15.96M
Deferred Tax Liability Non Current	-	32K	-	-	-
Other Non Current Liabilities	3.24M	6.41M	2.5M	2.13M	1.45M
Total Liabilities	49.34M	116M	134M	87.8M	81.33M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	19K	20K	20K	24K	24K
Additional Paid In Capital	105M	120M	131M	175M	181M
Retained Earnings	20.06M	8.24M	-9.62M	18.89M	35.85M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	125M	128M	121M	194M	217M
Total Equity	125M	128M	121M	194M	217M
Total Liabilities And Equity	174M	244M	255M	281M	298M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.51M	19.88M	20.25M	23.6M	23.59M
ECS Total Common Shares Outstanding	19.49M	19.88M	20.25M	23.6M	23.88M
Book Value / Share	6.4	6.45	5.99	8.2	9.07
Tangible Book Value	123M	43.08M	39.96M	116M	143M
Tangible Book Value Per Share	6.31	2.17	1.97	4.91	5.98
Total Debt	21.39M	80.61M	72.23M	50.38M	45.11M
Net Debt	-26.46M	52.38M	50.3M	-10.66M	-49.26M
Debt Equivalent Oper. Leases	24M	28.8M	30.4M	28.8M	28M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	11.43M	10.98M	18.02M	14.55M	12.52M
Inventories - Finished Goods, Total	7.13M	8.24M	5.1M	7.98M	6.15M
Machinery, Total	12.27M	13.33M	14.76M	11.98M	12.96M
Full Time Employees	707	988	982	992	1.04K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-620K	-11.81M	-17.87M	28.52M	16.96M
Depreciation & Amortization - CF	2.39M	2.28M	2.47M	2.74M	2.99M
Amortization of Goodwill and Intangible Assets - (CF)	400K	1.03M	3.8M	3.8M	3.8M
Depreciation & Amortization, Total	2.79M	3.31M	6.27M	6.54M	6.79M
Amortization of Deferred Charges, Total - (CF)	-	368K	-	-	-
(Gain) Loss From Sale Of Asset	-	20K	20K	3K	308K
(Gain) Loss on Sale of Investments - (CF)	-102K	-	-	-	-
Asset Writedown & Restructuring Costs	4.02M	-	-	-	-
Stock-Based Compensation (CF)	10.69M	10.17M	9.6M	7.55M	7.82M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-1.23M	10.03M	11.82M	-21.85M	1.07M
Change In Accounts Receivable	-10.4M	-5.63M	-5.35M	11.65M	-1.76M
Change In Inventories	318K	972K	-3.91M	597K	3.86M
Change In Accounts Payable	337K	826K	4.96M	-3.85M	-1.09M
Change In Income Taxes	1.97M	-2.29M	2.27M	-721K	-1.4M
Change in Other Net Operating Assets	-4.98M	-3.34M	-2.61M	7.43M	8.1M
Cash from Operations	2.79M	2.63M	5.21M	35.86M	40.66M
Capital Expenditure	-2.06M	-2.1M	-1.78M	-2.32M	-2.39M
Sale of Property, Plant, and Equipment	-	-	11K	-	12K
Cash Acquisitions	-	-79.83M	-	-	-
Sale (Purchase) of Intangible assets	-232K	-252K	-140K	-157K	-117K
Investment in Marketable and Equity Securities, Total	22.47M	-	-	-	-
Cash from Investing	20.18M	-82.18M	-1.91M	-2.48M	-2.5M
Long-Term Debt Issued, Total	-	55M	-	8.25M	-
Total Debt Issued	-	55M	-	8.25M	-
Long-Term Debt Repaid, Total	-	-	-6M	-28M	-3M
Total Debt Repaid	-	-	-6M	-28M	-3M
Issuance of Common Stock	3.97M	6.29M	1.44M	36.18M	1.68M
Repurchase of Common Stock	-1.85M	-1.17M	-	-	-3.51M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-188K	-5.04M	-10.7M	-
Cash from Financing	2.11M	59.93M	-9.6M	5.73M	-4.82M
Net Change in Cash	25.08M	-19.63M	-6.3M	39.1M	33.33M
Supplemental Items
Cash Interest Paid	-	130K	2.19M	4.56M	2.11M
Cash Income Tax Paid (Refund)	543K	1.59M	44K	5.82M	6.85M
Levered Free Cash Flow	3.52M	4.79M	29.03M	11.34M	25.2M
Unlevered Free Cash Flow	3.52M	5.12M	30.73M	11.34M	26.5M
Change In Net Working Capital	7.92M	5.27M	-17.35M	10M	-539K
Net Debt Issued / Repaid	-	55M	-6M	-19.75M	-3M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.15	-0.53	-0.23	3.63	4.79
Return on Total Capital	0.18	-0.62	-0.28	4.45	5.48
Return On Equity %	-0.52	-9.34	-14.31	18.1	8.27
Return on Common Equity	-0.52	-9.34	-14.31	18.1	8.27
Margin Analysis
Gross Profit Margin %	71.19	71.24	71.31	71.11	73.96
SG&A Margin	68.16	69.01	67.76	61.65	62.51
EBITDA Margin %	1.71	0.75	2.17	8.06	9.89
EBITA Margin %	0.43	-0.35	1.17	7.06	8.87
EBIT Margin %	0.21	-0.85	-0.37	5.67	7.57
Income From Continuing Operations Margin %	-0.33	-5.68	-7.24	10.39	5.79
Net Income Margin %	-0.33	-5.68	-7.24	10.39	5.79
Net Avail. For Common Margin %	-0.33	-5.68	-7.24	10.39	5.79
Normalized Net Income Margin	0.19	-0.69	-0.92	3.03	5.01
Levered Free Cash Flow Margin	1.88	2.3	11.77	4.13	8.6
Unlevered Free Cash Flow Margin	1.88	2.46	12.45	4.13	9.05
Asset Turnover
Asset Turnover	1.15	0.99	0.99	1.02	1.01
Fixed Assets Turnover	7.43	7.2	8.49	10.41	12.32
Receivables Turnover (Average Receivables)	3.89	3.57	3.71	4.28	5.01
Inventory Turnover (Average Inventory)	2.87	3.17	3.34	3.47	3.7
Short Term Liquidity
Current Ratio	4.63	3.29	1.86	3.54	4.36
Quick Ratio	3.83	2.62	1.44	2.88	3.78
Operating Cash Flow to Current Liabilities	0.1	0.08	0.08	0.87	1
Days Sales Outstanding (Average Receivables)	94.03	102.2	98.29	85.34	72.98
Days Outstanding Inventory (Average Inventory)	127.69	115.21	109.13	105.07	98.8
Average Days Payable Outstanding	27.54	27.81	36.66	38.6	31.09
Cash Conversion Cycle (Average Days)	194.17	189.61	170.76	151.82	140.69
Long Term Solvency
Total Debt/Equity	17.15	62.86	59.5	26.01	20.83
Total Debt / Total Capital	14.64	38.6	37.3	20.64	17.24
LT Debt/Equity	15.54	58.6	54.99	23.04	18.09
Long-Term Debt / Total Capital	13.27	35.98	34.48	18.28	14.97
Total Liabilities / Total Assets	28.34	47.51	52.39	31.2	27.3
EBIT / Interest Expense	-	-3.32	-0.33	-	10.64
EBITDA / Interest Expense	-	9.7	3.37	-	15.57
(EBITDA - Capex) / Interest Expense	-	5.74	2.72	-	14.43
Total Debt / EBITDA	3.46	15.65	7.89	1.96	1.39
Net Debt / EBITDA	-4.27	10.17	5.49	-0.41	-1.52
Total Debt / (EBITDA - Capex)	5.18	26.45	9.79	2.15	1.5
Net Debt / (EBITDA - Capex)	-6.4	17.19	6.82	-0.46	-1.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.25	11.18	18.61	11.2	6.76
Gross Profit, 1 Yr. Growth %	-0.76	11.26	18.73	10.89	11.05
EBITDA, 1 Yr. Growth %	-78.98	-51.01	112.78	312.41	31.07
EBITA, 1 Yr. Growth %	-93.44	-194.56	1.12K	569.64	34.16
EBIT, 1 Yr. Growth %	-96.59	-573.66	-21.86	-1.81K	42.5
Earnings From Cont. Operations, 1 Yr. Growth %	-105.65	1.8K	51.27	-259.6	-40.52
Net Income, 1 Yr. Growth %	-105.65	1.8K	51.27	-259.6	-40.52
Normalized Net Income, 1 Yr. Growth %	-95.41	-525.42	114	-466.96	76.68
Diluted EPS Before Extra, 1 Yr. Growth %	-105.72	1.77K	48.38	-238.16	-43.09
Accounts Receivable, 1 Yr. Growth %	31.18	13.57	14.52	-19.15	3.68
Inventory, 1 Yr. Growth %	-2.6	3.52	20.33	-2.58	-17.14
Net Property, Plant and Equip., 1 Yr. Growth %	16.3	13.46	-10.85	-7.58	-12.19
Total Assets, 1 Yr. Growth %	14.72	40.31	4.39	10.37	5.86
Tangible Book Value, 1 Yr. Growth %	14.72	-64.99	-7.24	189.91	23.21
Common Equity, 1 Yr. Growth %	10.8	2.79	-5.32	59.51	11.85
Cash From Operations, 1 Yr. Growth %	11.31	-5.83	97.99	588.33	13.39
Capital Expenditures, 1 Yr. Growth %	-62.19	2.14	-15.36	30.56	2.93
Levered Free Cash Flow, 1 Yr. Growth %	-164.25	36.88	461.83	-63.1	188.11
Unlevered Free Cash Flow, 1 Yr. Growth %	-164.25	46.36	458.78	-63.1	133.75
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.09	4.78	14.84	14.85	8.96
Gross Profit, 2 Yr. CAGR %	14.14	5.08	15.11	14.74	10.97
EBITDA, 2 Yr. CAGR %	-38.83	-68.04	153.51	196.23	132.5
EBITA, 2 Yr. CAGR %	-60.81	-75.48	-5.35	802.05	199.73
EBIT, 2 Yr. CAGR %	-71.21	-61.1	-49.97	266	394.25
Earnings From Cont. Operations, 2 Yr. CAGR %	-69.4	3.76	436.81	55.38	-2.57
Net Income, 2 Yr. CAGR %	-69.4	3.76	436.81	55.38	-2.57
Normalized Net Income, 2 Yr. CAGR %	-67.3	-56.78	26.59	180.23	154.62
Diluted EPS Before Extra, 2 Yr. CAGR %	-69.3	3.51	427.08	43.18	-11.33
Accounts Receivable, 2 Yr. CAGR %	49.74	22.06	14.04	-3.78	-8.45
Inventory, 2 Yr. CAGR %	28.8	0.41	11.61	8.27	-10.16
Net Property, Plant and Equip., 2 Yr. CAGR %	137.31	14.87	0.57	-9.23	-9.91
Total Assets, 2 Yr. CAGR %	27.51	26.87	21.03	7.34	8.09
Tangible Book Value, 2 Yr. CAGR %	21.09	-36.63	-43.02	63.99	89
Common Equity, 2 Yr. CAGR %	18.21	6.72	-1.35	22.89	33.57
Cash From Operations, 2 Yr. CAGR %	-44.3	2.38	36.54	269.16	179.37
Capital Expenditures, 2 Yr. CAGR %	-29.95	-37.86	-7.02	5.12	15.92
Levered Free Cash Flow, 2 Yr. CAGR %	142.16	-6.43	438.43	43.59	-6.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	142.16	-3.24	453.94	43.59	-7.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.64	13.12	9.2	13.61	12.09
Gross Profit, 3 Yr. CAGR %	18.39	13.17	9.44	13.68	13.5
EBITDA, 3 Yr. CAGR %	-17.57	-43.34	-29.33	198.15	125.73
EBITA, 3 Yr. CAGR %	-42.53	-47.99	-38.02	81.71	377.92
EBIT, 3 Yr. CAGR %	-53.3	-28.35	-57.28	62.49	167.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-52.69	21.27	17.65	258.28	12.82
Net Income, 3 Yr. CAGR %	-52.69	21.27	17.65	258.28	12.82
Normalized Net Income, 3 Yr. CAGR %	-48.75	-24.25	-33.42	80.49	140.29
Diluted EPS Before Extra, 3 Yr. CAGR %	-53.07	20.84	16.71	237.32	5.27
Accounts Receivable, 3 Yr. CAGR %	45.74	36.56	19.49	1.69	-1.35
Inventory, 3 Yr. CAGR %	18.91	19.76	6.66	6.66	-0.96
Net Property, Plant and Equip., 3 Yr. CAGR %	92.87	85.56	5.56	-2.22	-10.23
Total Assets, 3 Yr. CAGR %	25.32	31.64	18.89	17.36	6.84
Tangible Book Value, 3 Yr. CAGR %	20.37	-19.93	-28.05	-1.99	49.08
Common Equity, 3 Yr. CAGR %	19.67	12.83	2.54	15.79	19.09
Cash From Operations, 3 Yr. CAGR %	-12.65	-33.65	27.55	134.12	149.08
Capital Expenditures, 3 Yr. CAGR %	-18.09	-20.57	-31.12	4.12	4.39
Levered Free Cash Flow, 3 Yr. CAGR %	-11.33	99.93	74.39	124.55	66.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.33	104.44	77.73	124.55	68.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.38	19.74	17.69	13.81	9.11
Gross Profit, 5 Yr. CAGR %	23.72	19.2	17	13.8	10.05
EBITDA, 5 Yr. CAGR %	-5.69	-21.1	-1.22	20.99	13.79
EBITA, 5 Yr. CAGR %	-26.64	-30.71	-7.18	30.13	16.42
EBIT, 5 Yr. CAGR %	-35.11	-16.23	-25.28	26.58	13.75
Earnings From Cont. Operations, 5 Yr. CAGR %	-14.95	32.62	25	33.91	9.1
Net Income, 5 Yr. CAGR %	-14.95	32.62	25	33.91	9.1
Normalized Net Income, 5 Yr. CAGR %	-29.58	-11.86	-2.87	20.3	13.86
Diluted EPS Before Extra, 5 Yr. CAGR %	-26.97	31.95	23.49	29.33	4.56
Accounts Receivable, 5 Yr. CAGR %	30.98	32.8	32.12	18.71	7.42
Inventory, 5 Yr. CAGR %	26.28	24	15.94	15.02	-0.42
Net Property, Plant and Equip., 5 Yr. CAGR %	82.28	81.44	48.64	39.4	-0.92
Total Assets, 5 Yr. CAGR %	36.33	27	23.59	21.32	14.44
Tangible Book Value, 5 Yr. CAGR %	72.16	-5.53	-10.75	6.66	5.88
Common Equity, 5 Yr. CAGR %	85.7	16.54	10.77	16.75	13.98
Cash From Operations, 5 Yr. CAGR %	3.1	-17.85	4.44	31.82	74.54
Capital Expenditures, 5 Yr. CAGR %	28.31	22.1	-13.83	-11.15	-15.17
Levered Free Cash Flow, 5 Yr. CAGR %	0.67	-12.4	41.91	80.02	35.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.67	-11.21	43.53	80.02	37.09