Senseonics Q3 revenue $6.1M, net loss narrows; secures $50M non-dilutive loan facility

Senseonics Holdings, Inc.

2023-Q3 EPS reported -$0.08 revenue$14,360,000

Revenue $6.1M (+33% YoY); US revenue $3.9M (doubled from $1.9M); OUS $2.2M (down from $2.7M).
Net loss $24.1M ($0.04/sh) improved from $60.4M ($0.13/sh) due to derivative accounting and debt exchange.
Cash and investments $125.4M; secured $50M non-dilutive loan facility with Hercules Capital, drew $25M.
FY2023 revenue guidance maintained at $20-24M midpoint.
Completed adult cohort of ENHANCE 365-day pivotal study; launched new direct-to-consumer ad campaign.

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 third quarter of 2023 results: revenue $6.1 million, net income Net loss was $24.1 million, or $0.04 per share, EPS $0.04 per share.

Period: third quarter of 2023
Revenue: $6.1 million
Net income: Net loss was $24.1 million, or $0.04 per share
EPS: $0.04 per share
Result: reported results

Exact text from the filing

Total revenue for the third quarter of 2023 was $6.1 million compared to $4.6 million for the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

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 expects full year 2023 global net revenue to be at the midpoint of the $20 million to $24 million range.

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Senseonics Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116287

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