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Tactile Systems Technology: Q1 Earnings Snapshot

May 2, 2022 GMT

MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $15.6 million in its first quarter.

The Minneapolis-based company said it had a loss of 78 cents per share. Losses, adjusted for non-recurring costs, came to 42 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The medical device maker posted revenue of $48 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $44.9 million.

Tactile Systems Technology expects full-year revenue in the range of $235 million to $240 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCMD at https://www.zacks.com/ap/TCMD