Tactile Systems Q1 revenue rises 23% on higher product sales

Tactile Systems Technology

04/05/2026 21:26

Overview

US medical device maker's Q1 revenue rose 23% yr/yr, beating analyst expectations

Q1 adjusted EBITDA turned positive and beat analyst expectations

Company repurchased $1.1 mln of stock during the quarter

Outlook

Company raises 2026 revenue guidance to $360 mln-$368 mln from $357 mln-$365 mln

Company maintains 2026 adjusted EBITDA guidance at $49 mln-$51 mln

Company says it will continue to invest and execute with discipline in 2026

Result Drivers

PRODUCT LINE GROWTH - Revenue growth was driven by a 23% increase in lymphedema product sales and a 22% increase in airway clearance product sales

SALES FORCE PRODUCTIVITY - Co said increased productivity from a fully resourced sales organization contributed to revenue growth

GROSS MARGIN EXPANSION - Gross margin rose to 76.5% from 74% in Q1 2025, reflecting operating leverage

Company press release: ID:nGNX2VKj8H

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$75.30 mln
$70.59 mln (5 Analysts)
Q1 EPS
-$0.08
Q1 Net Loss
$1.80 mln
Q1 Adjusted EBITDA
Beat
$3.70 mln
-$56,250 (4 Analysts)
Q1 Operating Income
-$1.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for Tactile Systems Technology Inc is $39.00, about 70.4% above its May 1 closing price of $22.89

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)