If you've been looking for growth stocks with explosive potential, you've probably noticed that a company called TransMedics Group (NASDAQ: TMDX) has practically tripled over the past 12 months. 

TransMedics recently reported outstanding results from the first quarter, but the stock has slipped. A stock price drop of around 8% despite total sales that rocketed higher has a lot of investors scratching their heads.

To find out if TransMedics is a buy on the dip, let's take a closer look at what the company does and where it's headed.

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Source Fool.com