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Senseonics Holdings, Inc. (symbol: SENS) is a pioneering medical technology firm based in Germantown, Maryland. The company's primary focus is on developing and commercializing advanced glucose monitoring systems that significantly improve the lives of people managing diabetes. Utilizing cutting-edge fluorescence sensing technology, Senseonics has designed the Eversense Continuous Glucose Monitoring (CGM) System, recognized for being the first fully implantable CGM system. This system comprises a tiny sensor implanted under the skin, an external smart transmitter, and a user-friendly mobile application, allowing for real-time glucose monitoring without the need for a dedicated receiver.
The Eversense CGM System stands out for its accuracy and stability throughout its extended sensor life, offering continuous glucose monitoring for up to 180 days. This long-term solution provides an alternative to traditional short-term CGMs, catering to individuals who require a more stable and reliable glucose monitoring option.
Senseonics has established strong partnerships, including a notable collaboration with Ascensia Diabetes Care, which ensures that their innovative solutions reach a global audience. Their latest product, the Eversense E3 CGM System, is part of an extended assistance program known as the Eversense Payment Assistance and Simple Savings (PASS) Program. This program offers eligible individuals in the U.S. the opportunity to access the Eversense E3 systems at a significantly reduced out-of-pocket cost of $99 for each six-month period, thereby making continuous glucose monitoring more affordable.
Senseonics is committed to advancing diabetes management technology, as evidenced by their continued innovation and dedication to improving accessibility to their products. The company's forward-looking approach and strategic alliances position them as a key player in the medical technology landscape, specifically in the context of diabetes management.
Senseonics Holdings, Inc. (AMEX: SENS) has announced its participation in the hybrid H.C. Wainwright Global Investment Conference on May 24, 2022. Management will engage in virtual one-on-one meetings, with a webcast presentation starting at 7:00 AM ET. The company specializes in implantable continuous glucose monitoring (CGM) systems, aimed at enhancing diabetes management. Their products include Eversense®, Eversense® XL, and Eversense® E3, which transmit glucose data to smartphones every five minutes.
Senseonics Holdings, Inc. (SENS) reported Q1 2022 financial results, showcasing total revenue of $2.5 million, a decrease from $2.8 million in Q1 2021. U.S. revenue rose to $0.8 million, while international revenue dropped to $1.7 million. The net income for Q1 2022 was reported at $86.7 million, significantly higher than the net loss of $249.5 million in Q1 2021, primarily due to adjustments in embedded derivatives. The gross profit remained stable at $0.5 million, though expenses increased due to R&D and operational costs. The company anticipates full-year 2022 net revenue between $14 million and $18 million.
Senseonics Holdings, Inc. (SENS) plans to release its first quarter 2022 financial results after market close on May 10, 2022. A conference call to discuss its performance will start at 4:30 p.m. ET on the same day, accessible via a dedicated webcast on their website. Senseonics focuses on developing long-term, implantable continuous glucose monitoring (CGM) systems for diabetes management, with products like Eversense® and Eversense® E3, which automatically send glucose data to smartphones every 5 minutes.
Senseonics Holdings, Inc. (AMEX: SENS) has announced the successful implantation of the first patient with the Eversense® E3 Continuous Glucose Monitoring (CGM) System in the U.S. This system, which received FDA approval in February, offers a 6-month sensor life, making it the longest-lasting CGM available. It features exceptional accuracy with a mean absolute relative difference (MARD) of 8.5%, reduced calibration frequency, and discreet on-body alerts. The Eversense E3 marks a significant advancement in diabetes care, enabling patients to manage their condition with improved confidence and convenience.
Senseonics Holdings, Inc. (NYSE American: SENS) has announced equity grants to 17 new employees under its 2019 Inducement Plan. On April 1, 2022, the Compensation Committee granted non-qualified stock options for an aggregate of 142,000 shares at an exercise price of $1.94, reflecting the closing stock price on that date. The options will vest over four years, contingent on the employees' continued service. Senseonics aims to expand its Eversense CGM System to more diabetes patients in the U.S. and globally, enhancing their product offerings.
Senseonics Holdings, Inc. (SENS) reported its financial results for Q4 and the full year 2021. The fourth quarter total revenue reached $4.0 million, a slight increase from $3.9 million in Q4 2020. The significant net income of $84.4 million contrasts sharply with a net loss of $101.6 million in Q4 2020. Full-year revenue surged to $13.7 million, up from $4.9 million in 2020, driven by post-Covid sales and the transition of Eversense commercialization to Ascensia. Looking forward, the 2022 global revenue outlook is estimated between $14.0 million and $18.0 million.
Senseonics Holdings, Inc. (AMEX: SENS) will release its fourth quarter and full year 2021 financial results on March 1, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss performance details. Investors can access the call by dialing specific numbers or through a webcast on the company’s website. Senseonics focuses on developing long-term, implantable continuous glucose monitoring (CGM) systems, with products like Eversense® and Eversense® E3 designed to enhance diabetes management.
Ascensia Diabetes Care announced FDA approval for the next-generation Eversense® E3 Continuous Glucose Monitoring (CGM) System, developed by Senseonics (NYSE American: SENS). This system boasts a sensor life of up to six months, significantly enhancing patient convenience with only two sensor insertions required annually. The E3 sensor demonstrates exceptional accuracy, with a mean absolute relative difference (MARD) of 8.5% from the PROMISE Study. The product aims to launch in the U.S. in Q2 2022, supported by programs to improve patient access and affordability.
Senseonics Holdings, Inc. has announced FDA approval for the Eversense® E3 Continuous Glucose Monitoring (CGM) System, the only long-term implantable CGM, which provides accurate glucose monitoring for up to 6 months. This next-generation device features proprietary SBA technology and is set to be available publicly through Ascensia Diabetes Care in Q2 2022. The company projects 2022 global net revenue between $14 million and $18 million, with ongoing investment in R&D for further product development.
Senseonics Holdings, Inc. (NYSE American: SENS) announced equity grants under its 2019 Inducement Plan to attract new employees. On
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