Brief: Tactile Systems Technology Reports Preliminary Q4 Revenue and Announces CEO's Intension To Retire In 2020

Tactile Systems Technology

13/01/2020 12:32

Jan 13 (Reuters) - Tactile Systems Technology Inc  TCMD.O :
    * TACTILE SYSTEMS TECHNOLOGY, INC. REPORTS PRELIMINARY FULL
YEAR
AND FOURTH QUARTER 2019 REVENUE RESULTS; INTRODUCES FULL YEAR
2020 FINANCIAL OUTLOOK; ANNOUNCES CEO INTENDS TO RETIRE IN 2020
    * SEES FY 2020 REVENUE $227.5 MILLION TO $230.5 MILLION
    * SEES FY 2019 REVENUE $188.4 MILLION TO $188.8 MILLION
    * SEES FY 2019 REVENUE UP ABOUT 31 PERCENT
    * SEES FY 2020 REVENUE UP 21 TO 22 PERCENT
    * SEES Q4 2019 REVENUE $56 MILLION TO $56.4 MILLION
    * SEES Q4 2019 REVENUE UP ABOUT 21 TO 22 PERCENT
    * TACTILE SYSTEMS TECHNOLOGY- GERALD MATTYS HAS COMMUNICATED
INTENTION TO RETIRE AS CEO IN 2020
    * TACTILE SYSTEMS TECHNOLOGY- BOARD HAS INITIATED PROCESS TO
IDENTIFY SUCCESSOR FOR MATTYS AND HAS ENGAGED EXECUTIVE SEARCH
FIRM TO SUPPORT SEARCH
    * TACTILE SYSTEMS TECHNOLOGY - MATTYS TO CONTINUE AS CEO
UNTIL
SUCCESSOR HAS STARTED

Source text for Eikon:  ID:nGNXrZxC 
Further company coverage:  TCMD.O 

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