Transmedics Group ( (TMDX) ) has released its Q2 earnings. Here is a breakdown of the information Transmedics Group presented to its investors.
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TransMedics Group, Inc., headquartered in Andover, Massachusetts, is a leading medical technology company specializing in portable extracorporeal warm perfusion and assessment of donor organs for transplantation, aiming to improve organ quality and increase donor organ utilization for end-stage heart, lung, and liver failure treatments.
In its latest earnings report, TransMedics announced a strong financial performance for the second quarter of 2025, with significant revenue growth and strategic advancements. The company reported a 38% increase in total revenue compared to the same period last year, reaching $157.4 million, and a net income of $34.9 million.
Key highlights from the report include the receipt of conditional IDE approval from the U.S. FDA for the Next-Gen OCS Lung trial and the launch of the OCS NOP digital ecosystem, NOP ACCESS, across major transplant programs in the U.S. The company also raised its full-year 2025 revenue guidance to a range of $585 million to $605 million, reflecting a 35% growth at the midpoint compared to the previous year.
TransMedics’ gross margin remained consistent at 61%, while operating expenses increased slightly due to investments in research and development and organizational growth. The company’s cash position was strong at $400.6 million as of June 30, 2025.
Looking ahead, TransMedics remains focused on achieving its strategic goals, including the target of 10,000 U.S. NOP transplants by 2028, and is committed to driving further growth through continued investment in its innovative platforms and expanding its market presence.