TransMedics Group Raises FY24 Revenue Guidance From $390M-$400M To $425M-$445M Vs $401.43M Est.
Portfolio Pulse from Benzinga Newsdesk
TransMedics Group has raised its full-year 2024 revenue guidance from $390M-$400M to $425M-$445M, significantly above the previous estimate of $401.43M. This new guidance represents a 76% to 84% growth compared to the prior year's revenue.
July 31, 2024 | 8:25 pm
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TransMedics Group has raised its full-year 2024 revenue guidance to $425M-$445M, significantly above the previous estimate of $401.43M. This new guidance represents a 76% to 84% growth compared to the prior year's revenue.
The significant increase in revenue guidance indicates strong business performance and growth prospects for TransMedics Group. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100