TransMedics: Fourth Quarter Financial Highlights

TransMedics Group Inc. Surpasses Earnings Projections in Fourth Quarter

TransMedics Group Inc., based in Andover, Massachusetts, announced that its fourth-quarter earnings reached $105.4 million.

The company reported net income of $2.62 per share, with adjusted earnings—excluding pretax gains—coming in at 57 cents per share.

These results exceeded the expectations of Wall Street analysts, who had anticipated earnings of 41 cents per share, according to a survey by Zacks Investment Research.

During the same period, TransMedics generated $160.8 million in revenue, outperforming the average analyst forecast of $155.9 million.

For the full year, the company recorded a profit of $190.3 million, or $4.87 per share, on total revenue of $605.5 million.

Looking ahead, TransMedics projects its annual revenue will fall between $727 million and $757 million.

This article was produced by Automated Insights using data provided by Zacks Investment Research.