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TCMD Tactile Systems Technology

Tactile Systems Technology, Inc. is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures. It possesses a platform to deliver at-home healthcare solutions throughout the United States. Tactile Systems Technology was founded on January 30, 1995 and is headquartered in Minneapolis, MN.

Company profile

TCMD stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.93M 46.93M 46.93M 46.93M 46.93M 46.93M
Cash burn (monthly) 310K (positive/no burn) 1.36M 173.75K 266.67K (positive/no burn)
Cash used (since last report) 1.27M n/a 5.58M 710.01K 1.09M n/a
Cash remaining 45.66M n/a 41.35M 46.21M 45.84M n/a
Runway (months of cash) 147.3 n/a 30.3 266.0 171.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Jul 21 Reuvers Daniel L. Common Stock Sell Dispose S No No 49.7534 2,961 147.32K 23,730
24 Jun 21 Burke William W Common Stock Sell Dispose S No Yes 55 6,761 371.86K 8,533
24 Jun 21 Burke William W Common Stock Option exercise Aquire M No Yes 10 1,370 13.7K 15,294
24 Jun 21 Burke William W Common Stock Option exercise Aquire M No Yes 21.68 6,391 138.56K 13,924
24 Jun 21 Burke William W Stock Option Common Stock Option exercise Dispose M No Yes 10 1,370 13.7K 0
24 Jun 21 Burke William W Stock Option Common Stock Option exercise Dispose M No Yes 21.68 - 6.39K 0
17 May 21 Huggenberger Raymond Common Stock Grant Aquire A No No 0 2,490 0 9,933
17 May 21 Deepti Jain Common Stock Grant Aquire A No No 0 2,490 0 3,345
17 May 21 Roche Kevin H Common Stock Grant Aquire A No No 0 2,490 0 40,473

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 147 157 -6.4%
Opened positions 16 32 -50.0%
Closed positions 26 15 +73.3%
Increased positions 47 51 -7.8%
Reduced positions 59 52 +13.5%
13F shares
Current Prev Q Change
Total value 1.54B 1.14B +35.3%
Total shares 21.17M 21.41M -1.1%
Total puts 12.6K 5.8K +117.2%
Total calls 21.8K 61.7K -64.7%
Total put/call ratio 0.6 0.1 +514.9%
Largest owners
Shares Value Change
BLK Blackrock 3.5M $190.92M -0.5%
Fred Alger Management 2.19M $119.15M +1.4%
Alger Associates 2.16M $96.94M 0.0%
Champlain Investment Partners 1.76M $95.99M +24.4%
Geneva Capital Management 1.47M $80.18M -1.2%
Vanguard 1.24M $67.72M +4.5%
WDR Waddell & Reed Financial 1.14M $61.91M -5.5%
Thrivent Financial For Lutherans 953.15K $51.94M -6.2%
STT State Street 739.37K $40.29M -6.5%
MS Morgan Stanley 416.57K $22.7M +228.4%
Largest transactions
Shares Bought/sold Change
Champlain Investment Partners 1.76M +346.09K +24.4%
MS Morgan Stanley 416.57K +289.73K +228.4%
Millennium Management 4.94K -274.88K -98.2%
Point72 Asset Management 22.9K -102.83K -81.8%
Citadel Advisors 63.2K -96.05K -60.3%
Next Century Growth Investors 224.12K +82.05K +57.8%
Peregrine Capital Management 279.58K -78.21K -21.9%
WDR Waddell & Reed Financial 1.14M -66.64K -5.5%
Dimensional Fund Advisors 194.85K +63.89K +48.8%
Renaissance Technologies 0 -63.7K EXIT

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • The United States economy in general and our business specifically have been negatively affected by the COVID-19 pandemic. We have seen adverse impacts as it relates to the decline in the number of patients that healthcare facilities and clinics are able to treat due to enhanced safety protocols. There are no reliable estimates of how long the pandemic will last or how many people are likely to be affected by it.  For that reason, we are unable to reasonably estimate the long-term impact of the pandemic on our business at this time. Since the onset of COVID-19, we have remained proactive to ensure we continue to adapt to the needs of our employees, clinicians and patients. These changes to our business include, but are not limited to:
  • We cannot assure you that these changes to our processes and practices will be successful in mitigating the impact of COVID-19 on our business. We continue to evaluate and, if appropriate, will adopt other measures in the future related to the ongoing safety of our employees, clinicians and patients. Additional information related to the COVID-19 pandemic is included in the MD&A sections below.
Content analysis
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