TransMedics Group shares rose 19% after Q4 revenue increased 159% to $81.2m and full-year revenue reached $241.6m.

TransMedics Group shares rose 19% after reporting a 159% increase in Q4 revenue to $81.2m and full-year revenue to $241.6m. The company achieved a net income of $4.0m in Q4, significantly improving on a net loss of $6.7m in Q4 of the previous year. The company anticipates revenue between $360m and $370m for 2024, representing 49% to 53% growth, with a strong cash position of $394.8m as of December 31, 2023.

February 26, 2024
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