Earnings Summary for Senseonics Holdings Inc for Q2 2024
Intellectia.AI Updated: 1970-01-01
Earnings Summary for Senseonics Holdings, Inc. for Q2 2024
Senseonics Holdings, Inc. reported its financial results for the second quarter ended June 30, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | YoY % Change | QoQ % Change | Consensus Estimates (Q2 2024) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.9M | - | $4.1M | +19.5% | - | $4.94M |
| EPS | -$0.04 | - | -$0.06 | +33.3% | - | -$0.03 |
Interpretation: Senseonics Holdings, Inc. reported total revenue of $4.9 million for Q2 2024, marking a 19.5% increase year-over-year from Q2 2023. This was marginally below the consensus estimate of $4.94 million. The company's EPS improved to -$0.04 from -$0.06 in Q2 2023, reflecting a 33.3% improvement year-over-year. However, the EPS did not meet the consensus estimate of -$0.03.
Revenue Performance by Segment
| Segment | Q2 2024 | Q2 2023 | % Change YoY |
|---|---|---|---|
| United States | $4.12M | $3.62M | +13.8% |
| Outside of U.S. | $0.78M | $0.48M | +62.5% |
Interpretation: Revenue from the United States increased by 13.8% year-over-year, while revenues outside the U.S. saw a significant increase of 62.5%. The increase in international revenue appears to be a key contributor to the overall revenue growth for the quarter.
Operational Data
No key operational data were mentioned in the provided information.
Comments from Company Officers
Comments from company officers were not provided in the report.
Dividends or Share Repo Program
There were no announcements of dividends or share repurchase programs in the report.
Forward Guidance
The company did not provide any specific forward guidance in the report.
Stock Price Movement
The stock price experienced a 2.43% increase following the earnings release.
Summary: Senseonics Holdings, Inc. reported growth in revenue both year-over-year and quarter-over-quarter. Although revenue fell slightly short of the consensus estimates, the company showed an improvement in its earnings per share compared to the previous year. The notable increase in international revenue highlights a positive trend. The company's stock price responded favorably, reflecting a 2.43% increase after the earnings announcement. The company did not provide specific forward guidance nor announced any dividends or share repurchase programs.
The report has been organized into a clear and concise format suitable for investors.
