TransMedics: Q4 Earnings Snapshot




  • In US
  • 2021-03-02 21:34:12Z
  • By Associated Press

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMDX at https://www.zacks.com/ap/TMDX

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