Overview
Senseonics Q2 revenue grows 37% yr/yr to $6.6 mln, driven by U.S. patient growth
Net loss narrows to $14.5 mln, aided by improved gross profit margins
Co raises $77.8 mln to support Eversense 365 launch and pipeline development
Outlook
Senseonics expects 2025 revenue of $34-38 mln
Company projects 2025 gross margins of 32.5%-37.5%
Senseonics anticipates cash use of $60 mln in 2025
Revenue expected to be weighted to Q4 due to reorder dynamics
Result Drivers
U.S. PATIENT GROWTH - 79% increase in new patient starts in the U.S. drives revenue growth
DTC ADVERTISING - Expanded direct-to-consumer campaign boosts leads by 50%
GROSS PROFIT MARGINS - Improved margins on 365-day product and one-time tax gain enhance profitability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | -$0.02 | ||
Q2 Net Income | -$14.50 mln | ||
Q2 Gross Profit | $3.12 mln | ||
Q2 Operating Income | -$14.32 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for Senseonics Holdings Inc is $1.33, about 61.8% above its August 5 closing price of $0.51
Press Release: ID:nGNX5JVQQ8
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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