Tactile Systems Tech Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Tactile Systems Tech (NASDAQ:TCMD) reported Q1 sales of $58.85 million and a loss of $1.89 million, a 140.81% decrease from last quarter. The company posted a negative Return On Capital Employed (ROCE) of -0.01%, suggesting inefficient capital allocation.
May 23, 2023 | 2:51 pm
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Tactile Systems Tech reported Q1 sales of $58.85 million and a loss of $1.89 million. The company's negative ROCE of -0.01% suggests inefficient capital allocation.
Tactile Systems Tech's Q1 sales and earnings results show a decrease in performance compared to the previous quarter. The negative ROCE of -0.01% indicates that the company is not effectively allocating its capital, which could negatively impact its stock price in the short term.
CONFIDENCE 90
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RELEVANCE 100