Senseonics Holdings, Inc. reports developments tied to its long-term, implantable continuous glucose monitoring systems for people with diabetes. The company designs, develops, manufactures and commercializes the Eversense CGM platform, including Eversense 365 and Eversense E3, which use an under-the-skin sensor, a wearable smart transmitter and a mobile app for glucose data.
Recurring news for SENS covers financial results, U.S. and European commercialization, CE Mark and product-launch activity, automated insulin delivery integrations, and pipeline work on Gemini and Freedom systems. Company updates also include capital actions such as common stock and pre-funded warrant offerings, loan-facility amendments, and funding for Eversense 365 commercialization and product development.
Senseonics Holdings, Inc. (NYSE American: SENS) announced updates regarding their next-generation Eversense 180-day continuous glucose monitoring (CGM) system. The FDA's review for the PMA supplement is nearing completion, with a decision expected soon. The company is working with Ascensia Diabetes Care to ensure a smooth transition to the new system, including marketing campaigns and reimbursement plans. Senseonics maintains its revenue outlook for 2021, projecting net revenues between $12 million and $15 million.
Senseonics Holdings, Inc. (SENS) announced the receipt of the CE mark for its Eversense NOW Remote Monitoring App for Android, enhancing its long-term continuous glucose monitoring system. The app, which offers real-time glucose data monitoring for users and their families, is expected to launch in Q1 2022. The Eversense XL CGM System allows glucose measurement for up to 180 days. The company emphasizes its commitment to transforming diabetes management with innovative technology.
Senseonics Holdings, Inc. (SENS) reported third quarter 2021 revenue of $3.5 million, a significant increase from $0.8 million in Q3 2020. U.S. revenue was $0.6 million, while international sales reached $2.9 million. The net income surged to $42.9 million or $0.10 per share, a turnaround from a net loss of $23.4 million a year prior. However, the company anticipates 2021 global net revenue to fall within $12 million to $15 million due to uncertainties related to COVID-19 and FDA reviews.
Senseonics Holdings, Inc. (AMEX: SENS) has announced participation in two upcoming investor conferences. Management will engage in a virtual fireside chat on November 16, 2021, at 8:40am ET during the Stifel 2021 Virtual Healthcare Conference. Additionally, a presentation will be available on November 18, 2021, at 3:00am ET at the Jefferies London Healthcare Conference. Interested parties can access live and on-demand webcasts on the Company’s website. Senseonics focuses on long-term glucose monitoring systems for diabetes management.
Senseonics Holdings, Inc. (AMEX: SENS) has announced plans to release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call will be held at 4:30 p.m. Eastern Time to discuss the company's performance for the quarter. Investors can access the webcast through Senseonics' website. The company specializes in developing long-term, implantable continuous glucose monitoring systems aimed at improving diabetes management.
Senseonics Holdings, Inc. (NYSE American: SENS) announced equity grants under its 2019 Inducement Plan to 11 new non-executive employees as of October 1, 2021. A total of 74,000 non-qualified stock options were granted at an exercise price of $3.45 per share, the closing price on the grant date. The options vest 25% on the first anniversary of employment, with the remainder vesting monthly over three years, dependent on continued service. Senseonics aims to expand its Eversense Continuous Glucose Monitoring (CGM) System for diabetes management.
The University Hospitals Accountable Care Organization (UHACO) in Cleveland, Ohio, has commenced offering the Eversense® Continuous Glucose Monitoring (CGM) System to Medicare enrollees as of early September 2021. This initiative aims to improve diabetes management among patients with type 1 and type 2 diabetes who are on insulin. The Eversense CGM System, which features a long-term implantable sensor and a smart transmitter, enhances patient experience and supports better health outcomes, as emphasized by Betul Hatipoglu, M.D. at UHACO.
Senseonics Holdings, Inc. (NYSE American: SENS), specializing in long-term, implantable continuous glucose monitoring systems, plans to participate in the virtual H.C. Wainwright Global Investment Conference. Management will engage in one-on-one meetings on September 15, 2021, with a presentation webcast available starting September 13, 2021, at 7:00 AM ET. Access to the on-demand webcast will be provided on the company’s website. Senseonics is dedicated to transforming diabetes management with its Eversense® CGM products, which offer real-time glucose data via a mobile app.
Senseonics Holdings reported second quarter 2021 revenue of $3.3 million, significantly up from $0.26 million in Q2 2020. U.S. revenue was $0.98 million, while international revenue reached $2.31 million. The company raised $50 million through an equity offering, mainly for debt service. However, net loss expanded to $180.32 million or $0.42 per share, largely due to increased accounting charges. Senseonics projects 2021 global net revenue between $12 million to $15 million.
Senseonics Holdings, Inc. (NYSE-American: SENS) has announced its plan to release second quarter 2021 financial results on August 9, 2021, after market close. The company will hold a conference call at 4:30 p.m. Eastern Time to discuss its performance, with a concurrent webcast available on their website. Senseonics specializes in developing long-term, implantable continuous glucose monitoring systems, such as the Eversense and Eversense XL, which provide real-time glucose data to users via a smartphone app.