January 24, 2017 1:16 PM ET

Healthcare Equipment and Supplies

Company Overview of Senseonics Holdings, Inc.

Company Overview

Senseonics Holdings, Inc., a medical technology company, focuses on the design, development, and commercialization of glucose monitoring systems for people with diabetes. Its first generation continuous glucose monitoring system, Eversense measures glucose levels in people with diabetes for a period of up to 90 days. The company was founded in 1996 and is headquartered in Germantown, Maryland.

20451 Seneca Meadows Parkway

Germantown, MD 20876

United States

Founded in 1996

Phone:

301-515-7260

Fax:

301-515-0988

Key Executives for Senseonics Holdings, Inc.

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $365.8K
Chief Financial Officer, Secretary and Treasurer
Age: 62
Total Annual Compensation: $286.7K
Vice President of Global Sales and Marketing
Age: 51
Total Annual Compensation: $221.5K
Compensation as of Fiscal Year 2015.

Senseonics Holdings, Inc. Key Developments

Senseonics Holdings, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2016 and Full Year 2017

Senseonics Holdings, Inc. provided revenue guidance for the fourth quarter and full year 2016 and full year 2017. For the quarter, the company expects revenue to be approximately $0.3 million for fourth quarter 2016. For the year, the company expects revenue to be $0.3 million The company projects revenue for full year 2017 to be in the range of $6.0 million to $7.0 million.

Senseonics Expands Distribution Agreement with Roche

Senseonics Holdings, Inc. announced it has expanded its exclusive distribution agreement with Roche to include all of Europe, the Middle East and Africa (EMEA), excluding Scandinavia, Finland and Israel. In May of this year, Senseonics signed an exclusive distribution with Roche for the commercialization of Senseonics’ Eversense® Continuous Glucose Monitoring System in Germany, Italy and the Netherlands. Under the terms of the expanded agreement, Senseonics has granted Roche exclusive rights to promote, market, and sell the Eversense product line to diabetes clinics and patients in the covered territories. Senseonics will retain responsibility for product development, regulatory approval, quality management, and manufacturing, while Roche will be responsible for sales, marketing, customer support and distribution activities in the covered territories.

Senseonics Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Senseonics Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was $37,000. Operating loss was $10,512,000 compared to $8,315,000 a year ago. Net loss was $10,887,000 compared to $8,585,000 a year ago. Basic and diluted net loss per common share was $0.12 compared to $4.39 a year ago. For the nine months, the company's revenue was $56,000 compared to $38,000 a year ago. Operating loss was $32,991,000 compared to $20,623,000 a year ago. Net loss was $33,964,000 compared to $21,463,000 a year ago. Basic and diluted net loss per common share was $0.39 compared to $11.07 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 30, 2016
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