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Wednesday, May 1, 2024

TransMedics revenue soars, guidance upped

  • Total Revenue: $96.9 million, a 133% increase year-over-year and 19% sequentially from Q4 2023.

  • TransMedics Transplant Logistics Service Revenue: $14.5 million, up 58% from $9.2 million in Q4 2023.

  • Gross Margin: 62%, increased from 59% last quarter.

  • GAAP Operating Profit: $12.4 million, representing 13% of total revenue.

  • Net Income: $12.2 million.

  • Annual Revenue Guidance: Updated to $390 million to $400 million, indicating 61% to 66% growth over full year 2023.

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