NASDAQ$TMDX

TransMedics Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Accelerated commercial momentum led to net revenue of $20.5 million, and the 2022 revenue guidance range was raised to $67 million to $75 million.

TransMedics reported a 151% increase in net revenue for the second quarter of 2022, reaching $20.5 million. The growth was primarily driven by increased commercial sales of the OCS™ Heart and OCS™ Liver in the United States. The company also updated its full year 2022 net revenue guidance to be in the range of $67 million to $75 million.

  • Net revenue of $20.5 million in the second quarter of 2022, a 151% increase compared to the second quarter of 2021.
  • Transplant centers use of the National OCS Program (NOP) drove 84% of total US revenue.
  • Integrated OCS™ Heart DCD offering into NOP
  • Refinanced outstanding debt with new $60 million term loan

Headline financials

Total Revenue

$20.5M

Previous: $8.17M+151.1%
EPS (adj)

-$0.41

Previous: -$0.39-5.1%
Capital Expenditures

-$6.21M

Previous: -$273K-2175.8%
Free Cash Flow

-$17.7M

Previous: -$10.9M-62.1%
Net Income

-$11.5M

Previous: -$10.7M-8.0%
Operating Income

-$9.75M

Previous: -$9.87M+1.2%
Gross Profit

$14.4M

Previous: $5.59M+156.8%
Cash & Equivalents

$30.4M

Previous: $25.3M+20.0%
Total Assets

$117M

Previous: $141M-16.5%
Stock-Based Comp

$2.32M

Previous: $1.81M+28.1%

Revenue & EPS history

TransMedics · Revenue · Quarterly

$20.5M

Q2 2022+151.1%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

TransMedics is updating full year 2022 net revenue to be in the range of $67 million to $75 million, which represents 121% to 148% 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 Q2 2022

Historical avgQ2 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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