| Market Capitalization (Millions $) |
504 |
| Shares
Outstanding (Millions) |
23 |
| Employees |
1,086 |
| Revenues (TTM) (Millions $) |
350 |
| Net Income (TTM) (Millions $) |
25 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
Tactile Systems Technology Inc. is a publicly traded medical device company focused on developing and marketing at-home therapy devices that improve circulation and reduce swelling, discomfort and pain for individuals with lymphedema, chronic venous insufficiency, and other conditions affecting the lymphatic and vascular systems.
Headquartered in Minneapolis, Minnesota, the company was founded in 1995 by a licensed physical therapist, and to date, it has continued to develop clinically proven, non-invasive, and cost-effective products that aid in the management of chronic diseases. Tactile Systems Technology primarily markets its products through direct sales and a network of distributors across the United States as well as partnering with healthcare professionals such as lymphedema and wound care therapists.
One of their primary products, the Flexitouche system, utilizes a pneumatic compression technology to simulate the hand motion of a lymphatic therapist or clinician performing various stages of manual lymph drainage. It is indicated for the treatment of lymphedema in the arms, legs or trunk, and has been clinically demonstrated to reduce swelling, increase limb mobility and reduce the risk of infection. Another product, the Entr' System, is a simplified and portable version of the Flexitouche system, and is intended for use by patients and caregivers in the home environment.
Tactile Systems Technology has a strong commitment to research and development, and as a result, the company has obtained multiple patents for its innovative technology. The company also collaborates with leading healthcare professionals and institutions to conduct research studies aimed at improving the quality of life for patients with chronic diseases.
In addition, Tactile Systems Technology has received numerous accolades and recognitions for its outstanding contribution to the medical device industry. These include being named Forbes' "Top 100 Public Companies in America" and "Top Small Cap Growth Companies" along with various industry awards, such as the "2017 Global Frost & Sullivan Award for Growth Excellence Leadership" in the compression therapy industry.
Overall, Tactile Systems Technology's mission is to improve the lives of individuals living with chronic diseases based on its strong belief in the power of science, innovation and committed partnership with patients, healthcare professionals and the community.
Company Address: 3701 Wayzata Blvd, Suite 300 Minneapolis 55416 MN
Company Phone Number: 355-5100 Stock Exchange / Ticker: NASDAQ TCMD
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