Senseonics Q2 revenue up 11% to $4.1M, net loss $20.4M; reiterates FY23 guidance

Senseonics Holdings, Inc.

2023-Q2 EPS reported -$0.04 revenue$8,263,000

Revenue $4.1M vs $3.7M in Q2 2022; U.S. revenue $1.8M vs $1.2M.
Net loss $20.4M ($0.04/sh) vs net income $104.2M a year ago due to derivative accounting.
Gross profit fell to $0.4M from $0.8M, margin pressured by higher Ascensia revenue share.
Full-year 2023 revenue guidance reaffirmed at $20M-$24M.
Cash and investments $125.1M; debt $52.4M; exchanged up to $30.8M of 2025 notes.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Senseonics Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $4.1 million, net income $20.4 million, EPS $0.04 per share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $4.1 million
Net income: $20.4 million
EPS: $0.04 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenue for the second quarter of 2023 was $4.1 million compared to $3.7 million for the second quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Senseonics Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $4.1 million, net income $20.4 million, EPS $0.04 per share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $4.1 million
Net income: $20.4 million
EPS: $0.04 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(CGM) systems for people with diabetes, today reported financial results for the quarter ended June 30, 2023. Recent Highlights & Accomplishments: · Generated revenue of $4.1 million in the second quarter of 2023 · Submitted an application to the FDA for an iCGM designation for the Eversense CGM system · Received a positive coverage decision from

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Senseonics Holdings, Inc. reported full year 2023 results: revenue $20 million to $24 million. Guidance reaffirmed.

Period: full year 2023
Revenue: $20 million to $24 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Senseonics reiterates the expectation for full year 2023 global net revenue to be in the range of $20 million to $24 million.

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Senseonics Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-089824

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