NASDAQ$TMDX

TransMedics Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

TransMedics experienced substantial revenue growth driven by the expansion of the NOP program.

TransMedics reported a significant increase in revenue for Q4 2022, driven by the expansion of their National OCS Program (NOP). Total revenue reached $31.4 million, a 225% increase compared to Q4 2021. The company's net loss decreased to $6.7 million from $12.7 million in the same quarter of the previous year.

  • Total revenue increased by 225% to $31.4 million compared to Q4 2021.
  • Gross margin was 66% compared to 72% in Q4 2021.
  • Net loss decreased to $6.7 million compared to $12.7 million in Q4 2021.
  • Full year revenue increased by 209% to $93.5 million compared to 2021.

Headline financials

Total Revenue

$31.4M

Previous: $9.67M+224.5%
EPS (adj)

-$0.21

Previous: -$0.46+54.3%
Capital Expenditures

$2.76M

Previous: $3.18M-13.0%
Free Cash Flow

-$6.8M

Previous: -$9.83M+30.8%
Net Income

-$6.7M

Previous: -$12.7M+47.1%
Operating Income

-$6.78M

Previous: -$11.3M+40.2%
Gross Profit

$20.7M

Previous: $6.99M+196.3%
Cash & Equivalents

$201M

Previous: $25.6M+686.5%
Total Assets

$277M

Previous: $135M+105.5%
Stock-Based Comp

$2.99M

Previous: $1.99M+50.7%

Revenue & EPS history

TransMedics · Revenue · Quarterly

$31.4M

Q4 2022+224.5%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

TransMedics expects total revenue for full-year 2023 to be in the range of $138 million to $145 million, which represents 48% to 55% growth compared to the company’s prior year revenue.

Tailwinds

  • Total revenue for full-year 2023 expected to be in the range of $138 million to $145 million.
  • Revenue growth of 48% to 55% compared to the company’s prior year 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 Q4 2022

Historical avgQ4 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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