Senseonics Q1 revenue $4.1M, up 64% YoY; reaffirms FY 2023 guidance $20-24M

Senseonics Holdings, Inc.

2023-Q1 EPS reported $0.00 revenue$4,137,000

Revenue $4.1M ($2.1M US, $2.0M OUS) vs $2.5M YoY; US rev more than doubled.
Net income $1.3M ($0.00 EPS) vs $86.7M ($0.19) prior year, due to accounting for PHC note exchange.
Cash & investments $136.6M, debt $51.8M; reaffirms FY 2023 revenue guidance $20-24M.
Ascensia expands US salesforce to ~50 (avg ~20 in 2022) to drive Eversense adoption.
Pediatric enrollment started for 365-day sensor trial; PHC exchanged $35M notes for equity plus $15M investment.

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 0.9

Senseonics Holdings, Inc. updated its the quarter ended March 31, 2023 guidance (reaffirmed).

Period: the quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 9, 2023, Senseonics Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2023, as well as information regarding a conference call to discuss these financial results and the Company’s recent corporate highlights and outlook.

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Senseonics Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-008809

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