NASDAQ$TMDX

TransMedics Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

TransMedics' first quarter results for 2022 showed significant revenue growth driven by the National OCS Program.

TransMedics reported a strong first quarter with net revenue of $15.9 million, a 125% increase compared to the same period in 2021. The growth was primarily driven by increased commercial sales of OCS Heart and OCS Liver in the United States. The company is updating its full year 2022 net revenue guidance to be in the range of $59 million to $65 million.

  • Net revenue reached $15.9 million, marking a 125% increase compared to Q1 2021.
  • FDA pre-market approval was received for the OCS™ DCD heart indication on April 28, 2022.
  • Data from the U.S. randomized OCS™ DCD Heart trial and OCS™ Lung Trial 5-year data were presented at the International Society of Heart and Lung Transplantation (ISHLT) annual meeting.
  • The National OCS™ Program (NOP) was the primary growth driver.

Headline financials

Total Revenue

$15.9M

Previous: $7.05M+125.2%
EPS (adj)

-$0.38

Previous: -$0.29-31.0%
Gross Margin

76.0%

Previous: 68.0%+11.8%
Capital Expenditures

-$1.95M

Previous: -$20K-9665.0%
Free Cash Flow

-$12.5M

Previous: -$7.94M-57.7%
Net Income

-$10.6M

Previous: -$7.92M-33.4%
Operating Income

-$9.37M

Previous: -$6.51M-44.0%
Gross Profit

$12.1M

Previous: $4.81M+151.6%
Cash & Equivalents

$17.9M

Previous: $26.7M-33.0%
Total Assets

$124M

Previous: $146M-14.9%
Stock-Based Comp

$2.31M

Previous: $1.11M+107.7%

Revenue & EPS history

TransMedics · Revenue · Quarterly

$15.9M

Q1 2022+125.2%vs Q1 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

TransMedics is updating full year 2022 net revenue to be in the range of $59 million to $65 million, which represents 95% to 115% growth compared to the company’s prior year net revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+4.1%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+7.6%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+42.6%

Q3 2023

Best reaction

-29.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%-30.0%-26.4%
Q4 2025-4.6%-3.6%-35.1%
Q3 2025+0.9%-9.0%+8.9%
Q1 2025+19.6%+31.3%+49.2%
Q4 2024+5.8%-6.5%-4.9%
Q3 2024-29.3%-34.2%-30.4%
Q2 2024+9.4%+7.2%+21.4%
Q1 2024+20.9%+31.6%+40.3%
Q4 2023+6.7%-0.5%-10.8%
Q3 2023+42.6%+34.6%+73.5%
Q2 2023-8.9%-24.7%-21.5%
Q1 2023-6.7%-6.4%-8.1%
Q4 2022+20.2%+20.4%+15.4%
Q3 2022+20.7%+17.6%+38.7%
Q2 2022-7.7%+20.8%+28.9%
Q1 2022+39.5%+25.4%+29.5%
Q4 2021+23.2%+39.5%+82.5%
Q3 2021-12.0%-16.3%-29.0%
Q2 2021+9.6%+7.6%+17.2%
Q1 2021-12.6%-15.1%-11.3%
Q4 2020+3.4%-12.3%+10.6%
Q3 2020+4.8%+10.6%+20.8%
Q2 2020+0.1%-3.2%-11.9%
Q1 2020-7.6%-0.6%-11.7%
Q4 2019-1.1%-1.2%-25.7%
Q3 2019-14.2%-13.0%-1.7%
Q2 2019-4.2%-4.6%+8.6%
Q1 2019-2.3%-2.1%-4.1%
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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