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Preliminary unaudited revenue of $8.1 million for Q3 2025
Generated record quarterly new patient starts in Q3 2025
Established reverse stock split ratio of 1:20, anticipated to be effective October 17, 2025
GERMANTOWN, Md., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Senseonics Holdings, Inc. (NYSE:SENS) a medical technology company focused on the development and manufacturing of long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, today announced preliminary revenue for third quarter and provided a business update.
Senseonics generated preliminary unaudited revenue of approximately $8.1 million in the third quarter of 2025, an increase of 91% versus the third quarter of 2024, driven by approximately 160% new patient growth in the U.S. over the prior year. New patient growth has accelerated as a result of increased investment in direct-to-consumer (DTC) marketing, with the highest number of monthly new patient starts in the Company's history occurring in September 2025.
Senseonics also today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of one-for-twenty (the "Reverse Stock Split"). The reverse stock split will reduce the number of shares of common stock issued from approximately 816 million shares to approximately 41 million shares, subject to adjustment due to payment of cash in lieu of fractional shares. The Company anticipates the Reverse Stock Split will become effective at 5:00 p.m. Eastern Time on October 17, 2025 (the "Effective Time"). The Company's common stock will begin trading on a post-split basis at the market open on October 20, 2025. The Common Stock will continue trading on the NYSE American under the symbol "SENS," with the new CUSIP number 81727U303.
Tim Goodnow, PhD, President and Chief Executive Officer of Senseonics said, "I am excited by the team's strong performance this quarter, which is a direct result of the increasing enthusiasm for Eversense 365, the world's first and only year-long CGM. The ongoing investments we are making in our DTC marketing campaigns are accelerating awareness with patients and clinicians leading to the continued momentum behind Eversense. This is what encouraged us to bring the full sales and marketing organization in-house, giving us increased confidence in our ability to drive topline revenue and exceed patient expectations."
The Reverse Stock Split was approved by the Company's stockholders at the Company's Annual Meeting of Stockholders held on September 29, 2025 (the "Special Meeting") to be effected at the Board's discretion within approved parameters. Following the Special Meeting, the final ratio was approved by the Company's Board on October 3, 2025.
As a result of the Reverse Stock Split, at the Effective Time, every twenty issued and outstanding shares of Common Stock will be converted into one share of Common Stock, with corresponding reductions in the Company's (i) authorized shares of Common Stock, (ii) outstanding equity awards and warrants, and (iii) shares issuable under the Company's equity incentive plans and other existing agreements, with proportional increases in the exercise or conversion prices of outstanding options and warrants. The par value of each share of Common Stock will remain unchanged.
No fractional shares will be issued in connection with the Reverse Stock Split. Instead, each stockholder that otherwise would receive fractional shares will be entitled to receive, in lieu of such fractional shares, cash in an amount based on the closing price of the Common Stock on the NYSE American on the date of the Effective Time. The Reverse Stock Split will apply to all of the outstanding shares of Common Stock as of the Effective Time and therefore will not affect any stockholder's ownership percentage of shares of Common Stock, except for de minimis changes resulting from the payment of cash in lieu of fractional shares. Stockholders of record will be receiving information from Computershare Trust Company, N.A., the Company's transfer agent, regarding their stock ownership following the Reverse Stock Split and cash in lieu of fractional share payments, if applicable. Stockholders who hold their shares in brokerage accounts or in "street name" are not required to take any action in connection with the Reverse Stock Split.
Posted In: SENS
