Welcome to our dedicated page for TransMedics Group news (Ticker: $TMDX), a resource for investors and traders seeking the latest updates and insights on TransMedics Group stock.
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TransMedics, a medical technology company focused on organ transplant therapy, announced on May 17, 2024, the granting of stock options and restricted stock units to new employees. On May 14, 2024, the Compensation Committee approved the inducement grants, including non-qualified stock options to purchase 18,320 shares and 12,068 restricted stock units. The stock options have an exercise price of $132.44 per share, aligned with the stock's closing price on the Nasdaq Global Market that day. The stock options will vest 25% after the first year, with the remainder vesting monthly over three years. The restricted stock units will vest 25% each year over four years. These grants aim to attract and retain key talent.
TransMedics Group, Inc. reported net revenue of $96.9 million in the first quarter of 2024, a 133% increase compared to the same period in 2023. The company generated a net income of $12.2 million or $0.35 per fully diluted share in Q1 2024. TransMedics highlighted OCS Heart and OCS Lung programs at the ISHLT annual meeting. With total revenue of $96.9 million and a gross margin of 62%, the company anticipates revenue growth in 2024, raising its revenue guidance to $390-400 million.
