Senseonics Holdings

Senseonics posted Q1 2026 revenue up 85% to $11.7 million, an expanded gross margin of 58%, and raised its 2026 revenue outlook to $60–64 million. Net loss widened to $32.3 million, driven by higher commercialization and integration costs. Cash and cash equivalents stood at $64.6 million as of March 31; the company expects gross margins of 55–58% and plans operating expenses of $150–160 million. Management highlights growing acceptance of the Eversense 365 system but continues to see risks from high SG&A costs and intense competition in the CGM market. » Altro su de.investing.com

Senseonics has completed a second amendment to its loan agreement with Hercules Capital, increasing the maximum credit line from $100 million to $140 million. The expansion includes near-term commitments of $20 million ( $10 million already drawn, $10 million expected on May 6) and up to $85 million in future tranches, with a final, undrawn $60 million tranche requiring investment committee approval. Including the two near-term tranches, borrowings under the agreement rise to about $55 million; as of March 31 Senseonics had cash and cash equivalents of roughly $64.6 million and expects, together with the new loans and net proceeds from a recent equity raise, to fund operations through 2028. » Altro su de.investing.com

Senseonics is offering 8,000,000 common shares at $5.00 per share and 8,000,000 pre-funded warrants at $4.999; gross proceeds expected to be about $80 million. The price is well below the current share price of $6.61. The proceeds are intended to finance the launch of Eversense 365, further pipeline development and general corporate purposes. The transaction is expected to close on May 4, 2026; TD Cowen and Barclays are acting as joint book-running managers. » Altro su de.investing.com