TransMedics Group, Inc. (TMDX) saw its stock price soar 10.36% in after-hours trading on Thursday, following the company's impressive fourth-quarter 2024 financial results and a robust outlook for 2025.

The medical technology company reported better-than-expected earnings and revenue for the fourth quarter. Earnings per share came in at $0.19, beating analysts' estimates of $0.16 by a significant 18.75%. Revenue rose 49.83% year-over-year to $121.62 million, surpassing the consensus estimate of $110.29 million by 10.28%.

TransMedics Group's strong performance was driven by robust demand for its products and services. The company achieved a gross margin of 59% and reported positive income from operations and net income, highlighting its operational efficiency and profitability.

Adding to the positive sentiment, TransMedics Group provided an upbeat revenue outlook for 2025. The company expects full-year revenue to range between $530 million and $552 million, exceeding the consensus estimate of $521.62 million. This guidance reflects the company's confidence in its growth prospects and the continued adoption of its innovative solutions.