ANDOVER, Mass. (AP) _ TransMedics Group Inc. (TMDX) on Tuesday reported a loss of $6.3 million in its fourth quarter.
The Andover, Massachusetts-based company said it had a loss of 23 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The medical technology company posted revenue of $7.6 million in the period.
For the year, the company reported that its loss narrowed to $28.7 million, or $1.16 per share. Revenue was reported as $25.6 million.
TransMedics shares have risen 99% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.69, more than doubling in the last 12 months.