secwatch.observer — SEC 8-K summary
======================================

Issuer:     Senseonics Holdings, Inc. (SENS)
CIK:        0001616543
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115315
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Senseonics Q3 revenue $4.3M, gross loss $4.1M; Eversense 365 launch underway
----------------------------------------------------------------------------

- Total revenue $4.3M, down ~30% YoY from $6.1M; U.S. revenue $2.4M vs $3.9M.
- Gross loss $4.1M vs gross profit $1.2M, driven by $4.8M one-time charges for Eversense 365 transition.
- Net loss $24.0M ($0.04/share), essentially flat vs $24.1M in Q3 2023.
- Cash $74.8M, debt $55.9M; raised $16M post-quarter; FY2024 revenue guidance ~$22M.
- FDA approved Eversense 365 (365-day CGM); first commercial insertion at Mercy; restructuring targets $10M cash OPEX cut in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616543/000110465924115315/0001104659-24-115315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616543/000110465924115315/tm2427654d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115315

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer