---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050568"
form_type: "8-K"
ticker: "TMDX"
cik: "0001756262"
company_name: "TransMedics Group, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:35:55.231735+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TransMedics Q1 revenue $96.9M (+133% YoY), net income $12.2M; raises FY2024 revenue guide to $390-400M

## Summary
- Q1 net revenue $96.9M (+133% YoY); net income $12.2M ($0.35 diluted EPS) vs net loss $2.6M in Q1 2023.
- Gross margin 62% (down from 69% YoY) due to higher service revenue mix; operating expenses $47.5M.
- Cash balance $350.2M at March 31, 2024.
- FY2024 revenue guidance raised to $390-400M (from $360-370M), representing 61-66% YoY growth.

## SEC filing metadata
- accession: 0000950170-24-050568
- form_type: 8-K
- ticker: TMDX
- cik: 0001756262
- company_name: TransMedics Group, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756262/000095017024050568/0000950170-24-050568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756262/000095017024050568/tmdx-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050568
- JSON: https://secwatch.observer/filing/0000950170-24-050568.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050568.txt

## Key facts
- Earnings Releases
  TransMedics Group, Inc. reported quarter ended March 31, 2024 results: revenue $96.9 million, net income $12.2 million, EPS $0.35 per fully diluted share. Guidance raised.
  - Period: quarter ended March 31, 2024
  - Revenue: $96.9 million
  - Net income: $12.2 million
  - EPS: $0.35 per fully diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net revenue of $96.9 million in the first quarter of 2024, a 133% increase compared to the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756262/000095017024050568/0000950170-24-050568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.