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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61,03321,92928,22947,85545,23445,885
Cash and cash equivalents61,03321,92928,22947,85522,77020,099
Short-term investments     22,46425,786
Receivables43,17354,82649,47843,84933,44426,125
Inventory, net of allowances, customer advances and progress billings22,52723,12419,21718,56319,05911,189
Inventory22,52723,12419,21718,56319,05911,189
Other undisclosed current assets18,56119,88416,62313,34610,5981,762
Total current assets:145,294119,763113,547123,613108,33584,961
Noncurrent Assets
Operating lease, right-of-use asset19,12821,32223,98420,13215,885
Property, plant and equipment6,1956,0776,7506,9577,408 
Intangible assets, net (including goodwill)77,78781,43885,1441,6805,3125,339
Goodwill31,06331,06331,063   
Intangible assets, net (excluding goodwill)46,72450,37554,0811,6805,3125,339
Deferred income tax assets19,378  10,1988,970
Other noncurrent assets2,7203,3351,9982,0741,6581,257
Deferred tax assets, net8,820
Other undisclosed noncurrent assets10,93623,06112,8479,4334,1841,884
Total noncurrent assets:136,144135,233130,72350,47443,41717,300
Other undisclosed assets      4,810
TOTAL ASSETS:281,438254,996244,270174,087151,752107,071
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,56319,22422,44022,86619,07115,362
Taxes payable162,65863251
Employee-related liabilities12,13911,58810,0987,421
Accounts payable6,6599,9845,0234,1973,8435,110
Accrued liabilities5,9049,2405,2624,4234,4982,780
Debt2,9562,9682,960 1,454 
Business combination, contingent consideration, liability  8,100    
Other liabilities4,4757,1523,3051,842903709
Other undisclosed current liabilities21,06326,8865,7562,006 5
Total current liabilities:41,05764,33034,46126,71421,42816,076
Noncurrent Liabilities
Long-term debt and lease obligation26,17620,97950,28719,38815,134 
Long-term debt, excluding current maturities26,17620,97926,933   
Liabilities, other than long-term debt20,56323,3713,4883,2352,5951,725
Accounts payable and accrued liabilities2,1272,5053,4563,2352,5951,725
Deferred income tax liabilities   32  
Operating lease, liability18,43620,86623,35419,38815,134
Other undisclosed noncurrent liabilities  24,91627,807   
Total noncurrent liabilities:46,73969,26681,58222,62317,7291,725
Total liabilities:87,796133,596116,04349,33739,15717,801
Equity
Equity, attributable to parent193,642121,400128,227124,750112,59589,270
Common stock242020191919
Additional paid in capital174,724131,001119,962104,67591,87479,554
Accumulated other comprehensive income (loss)     26(8)
Retained earnings (accumulated deficit)18,894(9,621)8,24520,05620,6769,705
Total equity:193,642121,400128,227124,750112,59589,270
TOTAL LIABILITIES AND EQUITY:281,438254,996244,270174,087151,752107,071

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues274,423246,785208,057187,130189,492143,751
Cost of revenue(79,290)(70,809)(59,844)(54,320)(55,256)(41,493)
Cost of goods and services sold(12,577)(11,190)(9,622)(9,011)(7,510) 
Gross profit:195,133175,976148,213132,810134,236102,258
Operating expenses(177,092)(188,734)(149,975)(136,438)(123,738)(99,268)
Operating income (loss):18,041(12,758)(1,762)(3,628)10,4982,990
Nonoperating income (expense)(2,271)(2,715)(531)1,367631486
Income (loss) from continuing operations before income taxes:15,770(15,473)(2,293)(2,261)11,1293,476
Income tax expense (benefit)12,745(2,393)(9,518)1,641(158)3,147
Income (loss) from continuing operations:28,515(17,866)(11,811)(620)10,9716,623
Income (loss) before gain (loss) on sale of properties:(11,811)(620)10,9716,623
Net income (loss) available to common stockholders, diluted:28,515(17,866)(11,811)(620)10,9716,623

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):28,515(17,866)(11,811)(620)10,9716,623
Comprehensive income (loss):28,515(17,866)(11,811)(620)10,9716,623
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (26)3436
Comprehensive income (loss), net of tax, attributable to parent:28,515(17,866)(11,811)(646)11,0056,659

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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