TACTILE SYSTEMS TECHNOLOGY INC — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Tactile Systems reported Q3 2026 revenue of $91.9M (up 7% YoY); lymphedema revenue grew 13% YoY to $81.8M. Gross margin expanded to 77% from 76%. Net income fell to $7.2M from $8.2M; Adjusted EBITDA flat at $14.3M vs $14.4M YoY. For full-year 2026, company raised Adjusted EBITDA guidance to $50-52M (from $49-51M prior). The company repurchased $6.2M stock in Q3 under its $25M program; $12.5M remains available through Nov 2027.
Why this rating
Modest revenue growth (7%) and margin expansion offset by Q3 net income decline. Guidance raise and strong lymphedema momentum (13% growth, 5 consecutive quarters double-digit) are positive. However, airway clearance fell 25% Q3 YoY. Core business stable but growth decelerating relative to prior quarters. Event is ~3.5% of market cap in full-year Adj EBITDA guidance; material but not transformational for $223M company.
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