TransMedics: 4Q Earnings Snapshot
ANDOVER, Mass. (AP) _ TransMedics Group Inc. (TMDX) on Monday reported a loss of $9.2 million in its fourth quarter.
The Andover, Massachusetts-based company said it had a loss of 43 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The medical technology company posted revenue of $6.1 million in the period.
For the year, the company reported a loss of $33.5 million, or $2.36 per share. Revenue was reported as $23.6 million.
TransMedics expects full-year revenue in the range of $40 million to $43 million.
TransMedics shares have dropped 21% since the beginning of the year.