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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), a medical technology company specializing in long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled to take place in New York, NY on September 10, 2024.
Key points:
- Management will present at 11:30 am ET
- One-on-one meetings will be held
- A live and recorded webcast will be available on the company's website
This conference provides Senseonics an opportunity to showcase its innovative CGM technology and engage with potential investors, potentially impacting the SENS stock.
Senseonics Holdings, Inc. (NYSE American: SENS) reported financial results for Q2 2024. Key highlights:
- Revenue of $4.9 million, up 18% year-over-year
- U.S. revenue increased to $3.0 million from $1.8 million in Q2 2023
- Net loss of $20.3 million, or $0.03 per share
- Cash, cash equivalents, restricted cash, and short-term investments totaled $84.9 million
The company is preparing for the Q4 2024 launch of its 365-day Eversense® CGM system, pending FDA clearance. Senseonics maintains its 2024 global net revenue outlook of $22-24 million, expecting to double U.S. new patient starts and increase the global installed base by approximately 50% compared to 2023.
Senseonics Holdings (NYSE American: SENS), a medical technology company specializing in long-term, implantable continuous glucose monitoring (CGM) systems for diabetes patients, has announced its schedule for the second quarter 2024 earnings release and conference call. The financial results will be released after market close on Thursday, August 8, 2024. A conference call to review the Q2 2024 performance will be held at 4:30 p.m. Eastern Time on the same day.
The call will be simultaneously webcast and accessible via the company's website. Investors can join the conference call by dialing 1-888-317-6003 (US/Canada) or 1-412-317-6061 (International) with passcode 4740206.
Senseonics Holdings, a medical tech company specializing in long-term, implantable continuous glucose monitoring (CGM) systems, has released its business updates and financial outlook for 2024. The first half of 2024 saw a 21% increase in net revenue to $10 million and over a 200% rise in new patient starts in the U.S. compared to the same period in 2023. The FDA review of the new 365-day Eversense system is on track for a Q4 2024 launch. Collaborations with Mercy Health are progressing with provider training and patient identification underway.
For the full year 2024, Senseonics expects global net revenue between $22 million and $24 million, with significant growth in U.S. patient starts and a 50% increase in the global installed base. However, inventory dynamics may affect Q3 sales, with an anticipated acceleration in Q4. Cash utilization is projected to remain stable at around $70 million.
Senseonics Holdings, a medical technology company specializing in long-term, implantable continuous glucose monitoring systems for diabetes patients, has announced a business update and analyst event. This will take place during the American Diabetes Association’s 84th Scientific Sessions in Orlando, FL. The event is scheduled for Sunday, June 23, 2024, with breakfast and refreshments starting at 9:15 am ET, followed by a management presentation at 10:00 am ET. Attendees can access the presentation via live and recorded webcast on the company's website. In-person attendance requires advanced registration by June 21, 2024, through emailing Hannah Jeffrey at hannah@gilmartinir.com.
Senseonics Holdings, a medical technology firm specializing in long-term, implantable continuous glucose monitoring (CGM) systems, announces its participation in the Sidoti Small Cap Conference. The event will take place virtually on June 12, 2024, at 1:45 pm ET. Management will hold one-on-one meetings and present key insights. The live and recorded webcast of the presentation will be available on the company's Investor Relations section at www.senseonics.com.
Senseonics Holdings, a medical technology firm specializing in long-term, implantable continuous glucose monitoring (CGM) systems, reported its Q1 2024 financial results.
The company achieved $5.1 million in revenue, a 22% increase compared to Q1 2023. However, gross profit declined to $0.3 million due to higher fixed manufacturing costs.
Notable achievements include the integration of Eversense CGM with Mercy health system, the FDA iCGM designation for Eversense, and the filing for the next-generation 365-day system.
Despite these advancements, the firm posted a net loss of $18.9 million, or $0.03 per share, significantly down from a $1.3 million net income in Q1 2023. First half 2024 revenue is projected at $10 million, a 16% growth year-over-year.
Senseonics (NYSE American: SENS) has announced a partnership with Mercy, a prominent health care system, to enhance diabetes population health management. This collaboration will utilize Senseonics' Eversense implantable continuous glucose monitor (CGM) technology and the new Eversense Remote Patient Monitoring (RPM) solution across Mercy's extensive network. Mercy, serving over 3 million patients annually, plans to implement the program in phases starting July, initially targeting 30,000 patients. This initiative aims to improve patient care, reduce hospitalizations, and provide personalized diabetes management, reaching full implementation by 2025.
Senseonics Holdings, Inc. (NYSE American: SENS) partners with Rimidi to develop the Eversense CGM+RPM solution, integrating glucose data into Rimidi's clinical management platform for diabetes management. The program aims to optimize care, improve patient outcomes, and reduce healthcare costs. The collaboration will offer a comprehensive diabetes solution, combining long-term implantable CGM technology with analytics and personalized health services.
Senseonics Holdings, Inc. (NYSE American: SENS) will be participating in two upcoming conferences: the RBC Capital Markets Global Healthcare Conference and the H.C. Wainwright 2nd Annual BioConnect Investor Conference in New York, NY. Management will engage in one-on-one meetings at both events, with the RBC conference scheduled for May 15, 2024, and the H.C. Wainwright conference on May 20, 2024. A live and recorded webcast of the presentation will be available on the 'Investor Relations' section of the company's website.