TransMedics Group Inc (TMDX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -25,028 | -36,231 | -44,215 | -28,748 | -33,547 |
| Revenue | US$ in thousands | 241,623 | 93,459 | 30,262 | 25,639 | 23,604 |
| Net profit margin | -10.36% | -38.77% | -146.11% | -112.13% | -142.12% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-25,028K ÷ $241,623K
= -10.36%
TransMedics Group Inc's net profit margin has shown a trend of improvement over the past five years. The company experienced negative net profit margins in the range of -142.12% to -10.36% from 2019 to 2023.
A negative net profit margin indicates that the company's expenses exceeded its revenues, leading to operating losses. The significant improvement in the net profit margin from -142.12% in 2019 to -10.36% in 2023 suggests that TransMedics Group Inc has been able to better control its costs and increase its revenues over the years.
However, it is notable that the net profit margins are still negative, which may imply that the company is yet to achieve profitability. Going forward, the company should continue its efforts to enhance operational efficiency, optimize its cost structure, and drive revenue growth to ultimately achieve positive net profit margins.
Peer comparison
Dec 31, 2023