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TransMedics Group, Inc. - TMDX STOCK NEWS

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TransMedics Group, Inc. (NASDAQ: TMDX) is a leading commercial-stage medical technology company revolutionizing organ transplant therapy for end-stage organ failure patients. Based in Andover, Massachusetts, the company was established to address the critical need for more and better organs for transplantation. TransMedics has developed the Organ Care System (OCS), a proprietary technology that preserves and optimizes donor organs outside the human body under near-physiological conditions.

TransMedics' breakthrough solutions aim to increase organ utilization, improve patient outcomes, and reduce transplant costs across the healthcare system. The company's flagship products, the OCS™ Lung and OCS™ Heart systems, are CE-marked and actively used commercially outside the U.S., while being under review by the FDA for U.S. market access. Additionally, the OCS™ Liver is undergoing an FDA pivotal trial (the OCS™ Liver PROTECT Trial) in the United States and a CE-mark trial (the Revive Trial) in Europe.

In a strategic move, TransMedics recently signed an agreement to acquire Summit Aviation, a premier U.S. charter flight operator, with the intent to establish TransMedics Aviation as the first national provider of air logistics dedicated to organ transplantation in the U.S. This acquisition aligns with the company's commitment to expanding its National OCS Program (NOP) and enhancing its logistics capabilities.

Financially, TransMedics has demonstrated significant growth. For the second quarter of 2023, the company reported total revenue of $52.5 million, a 156% increase from the same quarter the previous year. By year-end 2023, total revenue reached $241.6 million, a 159% increase compared to the prior year, driven by the increased utilization of the OCS through the NOP and additional revenue from logistics services.

TransMedics remains focused on advancing its product offerings and clinical indications while continuing to scale its operational infrastructure. As of the first quarter of 2024, the company achieved a revenue of $96.9 million, marking a 133% year-over-year increase, and recorded net income of $12.2 million. The full-year 2024 revenue forecast is projected to be in the range of $390 million to $400 million, reflecting continued strong growth.

With its innovative technologies and strategic expansions, TransMedics is poised to significantly contribute to the field of organ transplantation, enhancing the quality of life for patients worldwide.

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TransMedics Group (Nasdaq: TMDX) announced the granting of inducement awards to 6 new employees on October 23, 2024. The grants include 2,969 non-qualified stock options with an exercise price of $118.66 per share and 1,937 restricted stock units. The stock options will vest 25% after one year, with the remainder vesting monthly over three years. The restricted stock units will vest 25% annually over four years. Both grants require continued employment and were approved by the Compensation Committee under Nasdaq Listing Rule 5635(c)(4).

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TransMedics (TMDX) reported strong Q3 2024 financial results with total revenue of $108.8 million, representing a 64% increase from Q3 2023. The company achieved a net income of $4.2 million ($0.12 per diluted share), compared to a net loss in the previous year. Gross margin was 56%, down from 61% in Q3 2023. The company maintained its full-year 2024 revenue guidance of $425-445 million, projecting 76-84% growth. TransMedics owned 18 aircraft and held $330.1 million in cash as of September 30, 2024, continuing its progress toward the goal of 10,000 OCS transplant cases annually by 2028.

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TransMedics Group, Inc. (Nasdaq: TMDX), a medical technology company focused on transforming organ transplant therapy, has announced that it will release its third quarter 2024 financial results after market close on Monday, October 28, 2024. The company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results.

Investors can participate in the conference call by dialing (844) 481-2832 for domestic callers or (412) 317-1852 for international callers and requesting to join the TransMedics call. Additionally, a live and archived webcast of the event will be available on the company's investor relations website at https://investors.transmedics.com/.

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TransMedics Group (Nasdaq: TMDX), a medical technology company focused on organ transplant therapy, has granted inducement awards to a new employee. The grants, approved by the Compensation Committee, include:

- 336 non-qualified stock options with an exercise price of $156.00 per share
- 218 restricted stock units

The stock options will vest 25% after one year, with the remainder vesting monthly over three years. The restricted stock units will vest 25% annually over four years. Both grants are subject to continued employment and the terms of the TransMedics Group, Inc. Inducement Plan. These awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4) as material inducement for the employee's entry into employment with TransMedics.

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TransMedics Group, Inc. (Nasdaq: TMDX), a medical technology company focused on transforming organ transplant therapy, has announced its participation in the Morgan Stanley 22nd Annual Global Healthcare Conference. The event will take place on Wednesday, September 4, 2024, at 1:05 p.m. Eastern Time at the Marriott Marquis New York.

Members of TransMedics' management team will engage in a fireside chat during the conference. Investors and interested parties can access a live and archived webcast of the discussion through the 'Investors' section of the TransMedics website. Additionally, the company's standard investor presentation is available for viewing on the same platform.

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TransMedics Group, Inc. (Nasdaq: TMDX), a medical technology company focusing on organ transplant therapy, has announced the granting of inducement awards to four new employees. The grants, approved by the Compensation Committee and in line with Nasdaq Listing Rule 5635(c)(4), include:

- 3,073 non-qualified stock options with an exercise price of $170.28 per share
- 2,003 restricted stock units

The stock options have a 10-year term and will vest over four years, with 25% vesting on the first anniversary and the remainder monthly over three years. The restricted stock units will vest 25% annually over four years. Both are subject to continued employment and the terms of the TransMedics Group, Inc. Inducement Plan.

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TransMedics Group, Inc. (Nasdaq: TMDX) reported strong financial results for Q2 2024. Total revenue reached $114.3 million, a 118% increase from Q2 2023. The company generated a net income of $12.2 million or $0.35 per diluted share. Key highlights include:

  • Owned 15 aircraft as of June 30, 2024, with two more purchased in July
  • Published 2023 ESG update report
  • Gross margin was 61%, down from 70% in Q2 2023
  • Operating expenses increased to $56.8 million
  • Cash position improved to $362.8 million

TransMedics raised its full-year 2024 revenue guidance to $425-$445 million, representing 76-84% growth compared to the previous year.

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TransMedics Group (Nasdaq: TMDX), a medical technology company revolutionizing organ transplant therapy, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The event will take place at the InterContinental Boston Hotel on Tuesday, August 13, 2024.

Key details of the presentation:

  • Date: Tuesday, August 13, 2024
  • Time: 9:30 a.m. Eastern Standard Time
  • Location: InterContinental Boston Hotel

Investors and interested parties can access a live and archived webcast of the fireside chat through the 'Investors' section of the TransMedics website at https://investors.transmedics.com/.

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TransMedics Group (Nasdaq: TMDX), a medical technology company focused on organ transplant therapy, has granted inducement awards to 5 new employees. The awards include:

- 9,522 non-qualified stock options with an exercise price of $144.35
- 6,240 restricted stock units

These grants were approved by the Compensation Committee and comply with Nasdaq Listing Rule 5635(c)(4). The stock options have a 10-year term and will vest over 4 years, with 25% vesting after the first year and the remainder vesting monthly over the next 3 years. The restricted stock units will vest in 25% increments annually over 4 years. Both awards are subject to continued employment with TransMedics.

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TransMedics Group (Nasdaq: TMDX), a medical technology company focused on transforming organ transplant therapy, has announced its plans to release second quarter 2024 financial results on July 31, 2024, after market close. The company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results. Investors can join the call by dialing (866) 807-9684 (domestic) or (412) 317-5415 (international) and requesting to join the TransMedics call. A live and archived webcast will be available on the company's investor relations website.

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FAQ

What is the current stock price of TransMedics Group (TMDX)?

The current stock price of TransMedics Group (TMDX) is $86.35 as of November 6, 2024.

What is the market cap of TransMedics Group (TMDX)?

The market cap of TransMedics Group (TMDX) is approximately 2.9B.

What does TransMedics Group, Inc. do?

TransMedics is a medical technology company that develops and commercializes the Organ Care System (OCS), which preserves and optimizes donor organs for transplant.

What are TransMedics' flagship products?

The company's flagship products are the OCS™ Lung and OCS™ Heart systems, which are CE-marked and in commercial use outside the U.S, as well as the OCS™ Liver, which is undergoing clinical trials.

What recent acquisition has TransMedics made?

TransMedics recently signed a definitive agreement to acquire Summit Aviation to establish TransMedics Aviation, the first national air logistics provider dedicated to organ transplantation in the U.S.

How has TransMedics' financial performance been recently?

TransMedics reported a 159% year-over-year revenue increase to $241.6 million in 2023, with a notable first quarter 2024 revenue of $96.9 million, marking a 133% year-over-year increase.

What is the Organ Care System (OCS)?

The OCS is a portable organ perfusion, optimization, and monitoring system that preserves donor organs under near-physiological conditions outside the human body, addressing the limitations of cold storage.

Where is TransMedics headquartered?

TransMedics is headquartered in Andover, Massachusetts, USA.

What is the National OCS Program (NOP)?

The NOP is TransMedics' initiative to expand access to its OCS technology, improving organ transplantation logistics and outcomes across the United States.

What is the financial outlook for TransMedics in 2024?

TransMedics expects full-year 2024 revenue to be in the range of $390 million to $400 million, representing a 61% to 66% increase over the prior year.

How does TransMedics contribute to organ transplantation?

TransMedics develops technologies that increase organ utilization, improve patient outcomes, and reduce healthcare costs associated with organ transplants.

What are some risks associated with TransMedics' business?

Risks include the ability to integrate new acquisitions, regulatory approvals, market acceptance of products, and operational challenges in logistics and aviation services.

TransMedics Group, Inc.

Nasdaq:TMDX

TMDX Rankings

TMDX Stock Data

2.85B
33.56M
3.2%
108.09%
19.33%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
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United States of America
ANDOVER