Company: TCMD
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001558370-25-006295
Chunk: 2

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Item 1. Financial Statements

​​​​​​​Tactile Systems Technology, Inc.Condensed Consolidated Balance Sheets(Unaudited)​    March 31,    December 31,(In thousands, except share and per share data)    2025    2024Assets​​​​​Current assets​​​​​​Cash​$ 83,619​$ 94,367Accounts receivable, net​  35,693​  44,937Net investment in leases​  14,850​  14,540Inventories​  18,867​  18,666Income taxes receivable​  1,193​  —Prepaid expenses and other current assets​  5,900​  5,053Total current assets​  160,122​  177,563Non-current assets​​​​​​Property and equipment, net​  5,391​  5,603Right of use operating lease assets​  16,174​  16,633Intangible assets, net​  41,866​  42,789Goodwill​​ 31,063​​ 31,063Deferred income taxes​  18,059​  18,311Other non-current assets​  7,567​  5,962Total non-current assets​  120,120​  120,361Total assets​$ 280,242​$ 297,924Liabilities and Stockholders' Equity​​​​​​Current liabilities​​​​​​Accounts payable​$ 7,224​$ 5,648Note payable​​ 2,956​​ 2,956Accrued payroll and related taxes​  10,929​  17,923Accrued expenses​  7,177​  7,780Income taxes payable​  —​  270Operating lease liabilities​  3,036​  2,980Other current liabilities​  4,079​  3,147Total current liabilities​  35,401​  40,704Non-current liabilities​​​​​​Note payable, non-current​​ 22,481​​ 23,220Accrued warranty reserve, non-current​  1,201​  1,209Income taxes payable, non-current​  355​  239Operating lease liabilities, non-current​​ 15,173​  15,