Tactile Systems: Set for best day ever on strong revenue forecast

Tactile Systems Technology

08/01/2019 15:17

** Shares of Tactile Systems Technology Inc  TCMD.O  up
22.35 pct at $57.93, on track for their biggest one-day pct gain
ever
    ** Medical device developer expects Q4 revenue in range of
$45.50 mln to $46.00 mln, higher than Wall Street estimate of
$38.90 mln 
    ** Company says Q4 to benefit from higher sales of
Flexitouch systems, used for treating lymphedema and non-healing
venous leg ulcers  urn:newsml:reuters.com:*:nGNXSYjm5
    ** BTIG sees several catalysts in 2019, including continued
roll-out of a new device, Flexitouch Plus, recent Federal Supply
Schedule award and large payor contract helping boost sales 
    ** TCMD among biggest pct gainers across U.S. exchanges in
early trading
    ** Shares now up 27.4 pct this year vs a 57.2 pct surge in
2018

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))