Tactile Systems Technology, Inc. (TCMD) Financial Statements (2024 and earlier)

Company Profile

Business Address 1331 TYLER STREET NE STE 200
MINNEAPOLIS, MN 55413
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,92928,22947,85545,23445,88543,912
Cash and cash equivalents21,92928,22947,85522,77020,09923,968
Short-term investments    22,46425,78619,944
Receivables54,82649,47843,84933,44426,12519,742
Inventory, net of allowances, customer advances and progress billings23,12419,21718,56319,05911,18911,040
Inventory23,12419,21718,56319,05911,18911,040
Other undisclosed current assets19,88416,62313,34610,5981,7622,178
Total current assets:119,763113,547123,613108,33584,96176,872
Noncurrent Assets
Operating lease, right-of-use asset21,32223,98420,13215,885
Property, plant and equipment6,0776,7506,9577,408 3,776
Intangible assets, net (including goodwill)81,43885,1441,6805,3125,339 
Goodwill31,06331,063    
Intangible assets, net (excluding goodwill)50,37554,0811,6805,3125,339 
Deferred income tax assets  10,1988,970
Other noncurrent assets3,3351,9982,0741,6581,257201
Deferred tax assets, net8,8202,662
Other undisclosed noncurrent assets23,06112,8479,4334,1841,8841,160
Total noncurrent assets:135,233130,72350,47443,41717,3007,799
Other undisclosed assets     4,8103,776
TOTAL ASSETS:254,996244,270174,087151,752107,07188,447
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,22422,44022,86619,07115,36213,557
Taxes payable162,65863251 
Employee-related liabilities12,13911,58810,0987,4216,706
Accounts payable9,9845,0234,1973,8435,1104,253
Accrued liabilities9,2405,2624,4234,4982,7802,598
Debt2,9682,960 1,454  
Business combination, contingent consideration, liability 8,100     
Other liabilities7,1523,3051,842903709945
Other undisclosed current liabilities26,8865,7562,006 517
Total current liabilities:64,33034,46126,71421,42816,07614,519
Noncurrent Liabilities
Long-term debt and lease obligation20,97950,28719,38815,134  
Long-term debt, excluding current maturities20,97926,933    
Liabilities, other than long-term debt23,3713,4883,2352,5951,7251,141
Accounts payable and accrued liabilities2,5053,4563,2352,5951,7251,141
Deferred income tax liabilities  32  
Operating lease, liability20,86623,35419,38815,134
Other undisclosed noncurrent liabilities24,91627,807    
Total noncurrent liabilities:69,26681,58222,62317,7291,7251,141
Total liabilities:133,596116,04349,33739,15717,80115,660
Equity
Equity, attributable to parent, including:121,400128,227124,750112,59589,27072,787
Common stock202019191918
Additional paid in capital131,001119,962104,67591,87479,55470,224
Accumulated other comprehensive income (loss)    26(8)(44)
Retained earnings (accumulated deficit)(9,621)8,24520,05620,6769,7053,082
Other undisclosed equity, attributable to parent      (493)
Total equity:121,400128,227124,750112,59589,27072,787
TOTAL LIABILITIES AND EQUITY:254,996244,270174,087151,752107,07188,447

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues246,785208,057187,130189,492143,751109,283
Revenue, net109,283
Cost of revenue(70,809)(59,844)(54,320)(55,256)(41,493)(29,015)
Cost of goods and services sold(11,190)(9,622)(9,011)(7,510)  
Gross profit:175,976148,213132,810134,236102,25880,268
Operating expenses(188,734)(149,975)(136,438)(123,738)(99,268)(76,370)
Operating income (loss):(12,758)(1,762)(3,628)10,4982,9903,898
Nonoperating income (expense)(2,715)(531)1,367631486292
Income (loss) from continuing operations before income taxes:(15,473)(2,293)(2,261)11,1293,4764,190
Income tax expense (benefit)(2,393)(9,518)1,641(158)3,1471,665
Income (loss) from continuing operations:(17,866)(11,811)(620)10,9716,6235,855
Income (loss) before gain (loss) on sale of properties:(11,811)(620)10,9716,6235,855
Net income (loss) available to common stockholders, diluted:(17,866)(11,811)(620)10,9716,6235,855

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(17,866)(11,811)(620)10,9716,6235,855
Comprehensive income (loss):(17,866)(11,811)(620)10,9716,6235,855
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (26)3436(33)
Comprehensive income (loss), net of tax, attributable to parent:(17,866)(11,811)(646)11,0056,6595,822

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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