Why TransMedics Group Stock Is Soaring Today

This medical technology disruptor continues to impress investors. Shares of TransMedics Group (TMDX 10.74%) were soaring 11.1% higher as of 11:22 a.m. ET on Thursday. The big gain came after the medical technology company announced its second-quarter results following the market close on Wednesday. TransMedics reported Q2 revenue of $114.3 million, up 118% year over year. It generated net income of $12.2 million, or $0.35 per diluted share. In the same quarter of 2023, TransMedics posted a net loss of $1 mi ...