earnings
confidence high
sentiment negative
materiality 0.85
Senseonics prices $80M public offering, reports preliminary Q1 revenue $11.7M and net loss $31-33M
Senseonics Holdings, Inc.
2026-Q1 EPS reported
-$0.71
revenue$11,711,000
- Offering: 8M shares + 8M pre-funded warrants at $5.00; net proceeds ~$74.7M ($86M if overallotment exercised). Underwriters have 30-day option for 2.4M additional shares.
- Preliminary Q1 2026 results: revenue $11.7M, gross margin 54%, net loss $31-33M; cash & equivalents $64.6M; equity $33.7-35.7M. Full results due May 7.
- Non-binding term sheet to amend Hercules credit facility: capacity increases to $140M; $20M near-term commitments ($10M Tranche 2 at closing, $10M Tranche 3A). Definitive amendment expected early May.
- Closing of offering expected May 4, 2026. Proceeds to fund Eversense 365 launch and pipeline development.