Tactile Systems Technology, Inc. reported a significant increase in financial performance for the third quarter of 2025, with total revenue reaching $85.8 million, a 17% increase from $73.1 million in the same period last year. The company's net income also rose to $8.2 million, compared to $5.2 million in the prior year, reflecting a 59% increase. For the nine months ending September 30, 2025, revenue totaled $225.9 million, up 9% from $207.4 million in 2024, while net income increased to $8.5 million from $7.2 million.
The growth in revenue was primarily driven by a 71% increase in sales of the airway clearance product line, which includes the AffloVest, and an 11% increase in sales and rentals of lymphedema products. The lymphedema product line accounted for 84% of total revenue in the nine months ended September 30, 2025, while airway clearance products made up 16%. The company attributed the increase in airway clearance product revenue to enhanced placements among durable medical equipment (DME) partners and operational improvements in its lymphedema product line.
Operationally, Tactile Systems Technology has expanded its workforce, employing 167 account managers and 162 specialists for lymphedema products, compared to 167 account managers and 103 specialists in the previous year. The company has also invested in its reimbursement function to enhance operational efficiencies and payer relations. As of September 30, 2025, the company had cash reserves of $66.0 million, down from $82.1 million a year earlier, and net accounts receivable of $37.3 million.
In terms of strategic developments, Tactile Systems Technology completed a share repurchase program, buying back 2,143,099 shares for approximately $26.6 million during the nine months ended September 30, 2025. The company has also authorized a new share repurchase program of up to $25.0 million, which will expire on November 3, 2027. Looking ahead, Tactile Systems Technology anticipates continued growth driven by its product innovation and market leadership initiatives, although it remains cautious about potential impacts from inflation, rising interest rates, and supply chain disruptions.
About TACTILE SYSTEMS TECHNOLOGY INC
Tactile Systems Technology, Inc. develops and markets medical devices for treating underserved chronic diseases such as lymphedema, chronic venous insufficiency, and respiratory conditions. Its core products include pneumatic compression systems and airway clearance devices, primarily sold through direct-to-patient and provider models. The company leverages clinical evidence, reimbursement strategies, and a scalable home care platform to improve patient outcomes and reduce healthcare costs.
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