TMDX - TransMedics Group Inc. (TMDX) Q1 2024 Earnings Call Transcript

2024-05-01 00:41:09 ET

TransMedics Group, Inc. (TMDX)

Q1 2024 Earnings Conference Call

April 30, 2024 16:30 ET

Company Participants

Laine Morgan - Gilmartin Group, Investor Relations

Waleed Hassanein - President & Chief Executive Officer

Stephen Gordon - Chief Financial Officer

Conference Call Participants

Allen Gong - JPMorgan

Josh Jennings - TD Cowen

Suraj Kalia - Oppenheimer & Company

Presentation

Operator

Good afternoon and welcome to the TransMedics First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of today’s call. As a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to Laine Morgan from the Gilmartin Group for a few introductory comments.

Laine Morgan

Thanks, operator. Earlier today, TransMedics released financial results for the quarter ended March 31, 2024. A copy of the press release is available on the company’s website.

Before we begin, I would like to remind you that management will make statements during this call, including during the question-and-answer portion of the call, that include forward-looking statements within the meaning of federal securities laws. Any statements contained in this call that relate to expectations or predictions of future events, results or performance are forward-looking statements. All forward-looking statements, including without limitation, are an examination of operating trends, the potential commercial opportunity for our products and timing of new clinical programs and our future financial expectations which include expectations for growth in our organization and guidance and our expectations for revenue, gross margins and operating expenses in 2024 and beyond are based upon current estimates and various assumptions. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward-looking statements. Accordingly, you should not undue reliance on these statements. Additional information regarding these risks and uncertainties appears under the heading Risk Factors of our Form 10-K filed with the Securities and Exchange Commission on February 27, 2024 and our subsequent Form 10-Q filings and the forward-looking statements included in today’s earnings press release which are available at www.sec.gov and on our website at www.transmedics.com. TransMedics disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, April 30, 2024....

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