Senseonics: 2Q Earnings Snapshot
GERMANTOWN, Md. (AP) _ Senseonics Holdings Inc. (SENS) on Wednesday reported a loss of $31.7 million in its second quarter.
The Germantown, Maryland-based company said it had a loss of 17 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The medical technology company posted revenue of $4.6 million in the period.
Senseonics expects full-year revenue in the range of $25 million to $30 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.08. A year ago, they were trading at $4.21.