Tactile Systems Technology (NASDAQ: TCMD) has released its first quarter 2024 financial results, showing key data. Despite the mixed results, the company exceeded revenue expectations by 3.1%. However, they fell short on earnings per share (EPS) estimates by 16%.
Looking ahead, the company is forecasting a 12% annual revenue growth rate over the next three years, outperforming the Medical Equipment industry in the US, which is expected to grow at 8.1% annually. The American Medical Equipment industry has shown positive performance, with Tactile Systems Technology’s shares rising by 4.9% in the past week. However, investors should be aware of two warning signs before investing in the company.
Despite these risks, Tactile Systems Technology’s shares have shown positive performance in recent weeks. Investors should consider these risks carefully before making any investment decisions. It is important to note that Simply Wall St does not hold positions in any stocks mentioned and provides unbiased insights based on historical data and analyst forecasts only.