\nSenseonics Holdings, Inc. (NYSE American: SENS), a medical technology company focused on the development and commercialization of long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, today reported financial results for the quarter ended June 30, 2021.\n<\/p>\n
Recent Highlights & Accomplishments:<\/b><\/p>\n \n\u201cIn the second quarter we made progress driving increased patient and provider awareness of Eversense through a targeted direct-to-consumer digital advertising campaign and presentations of the PROMISE Study, an evaluation of our 180-day sensor, at the ADA and ATTD conferences,\u201d said Tim Goodnow, PhD, President and Chief Executive Officer of Senseonics. \u201cAs announced when we submitted this data to the FDA, we are pleased with the strength of the data from the PROMISE Study which we believe represents a top tier CGM safety and accuracy profile. Along with our commercial partner Ascensia Diabetes Care we are excited about the opportunity to offer more patients the longest lasting CGM systems.\u201d\n<\/p>\n Second Quarter 2021 Results:<\/b><\/p>\n \nTotal revenue for the quarter was $3.29 million compared to $0.26 million for the second quarter of 2020. U.S. revenue was $0.98 million and revenue outside the U.S. was $2.31 million.\n<\/p>\n \nSecond quarter 2021 gross profit increased by $1.54 million year-over-year, to $0.39 million. The positive gross margin in the quarter was primarily due to the fulfillment of orders utilizing existing written off inventory as a result of the COVID-19 pandemic.\n<\/p>\n \nSecond quarter 2021 sales and marketing expenses decreased by $1.50 million year-over-year, to $1.64 million. The decrease was primarily due to the strategic changes in our go-to-market strategy with the Ascensia global collaboration.\n<\/p>\n \nSecond quarter 2021 research and development expenses increased by $3.31 million year-over-year, to $7.11 million. The increase was primarily driven by clinical study costs and primarily non-cash, stock-based compensation and other personnel related expenses.\n<\/p>\n \nSecond quarter 2021 general and administrative expenses increased by $3.09 million year-over-year, to $7.53 million. The increase was primarily due to primarily non-cash, stock-based compensation and other personnel related costs.\n<\/p>\n \nNet loss was $180.32 million, or $0.42 per share, in the second quarter of 2021, compared to $7.52 million, or $0.03 per share, in the second quarter of 2020. Net loss increased by $172.81 million due to a $169.43 million increase in other expenses primarily related to non-cash accounting charges resulting from the accounting for embedded derivatives related to certain of the company financings, as well as a $3.36 million increase in loss from operations.\n<\/p>\n \nAs of June 30, 2021, cash, cash equivalents, short and long-term investments were $215.0 million and outstanding indebtedness was $109.9 million.\n<\/p>\n 2021 Financial Outlook<\/b><\/p>\n \nThe company continues to expect that global net revenue to Senseonics for the full year 2021 will be in the range of $12.0 million to $15.0 million.\n<\/p>\n Conference Call and Webcast Information:<\/b><\/p>\n \nCompany management will host a conference call at 4:30 pm (Eastern Time) today, August 9, 2021, to discuss these financial results and recent business developments. This conference call can be accessed live by telephone or through Senseonics\u2019 website.\n<\/p>\n Live Teleconference Information<\/span>: Live Webcast Information<\/span>: \nA replay of the call can be accessed on Senseonics\u2019 website http:\/\/www.senseonics.com<\/a> under \u201cInvestor Relations<\/a>.\u201d\n<\/p>\n About Senseonics<\/b><\/p>\n \nSenseonics Holdings, Inc. is a medical technology company focused on the design, development and commercialization of transformational glucose monitoring products designed to help people with diabetes confidently live their lives with ease. Senseonics’ CGM systems, Eversense\u00ae and Eversense\u00ae XL, include a small sensor inserted completely under the skin that communicates with a smart transmitter worn over the sensor. The glucose data are automatically sent every 5 minutes to a mobile app on the user’s smartphone.\n<\/p>\n Forward Looking Statements<\/b><\/p>\n \nAny statements in this press release about future expectations, plans and prospects for Senseonics, including the revenue projections under \u201c2021 Financial Outlook,\u201d statements about the potential benefits of the Ascensia commercialization and collaboration agreement, including the ability of Ascensia to grow the market for Eversense, the future increase in patient and provider awareness of Eversense, reductions in patient costs and expansion of access to Eversense, and other statements containing the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cprojects,\u201d \u201cwill,\u201d \u201cplanned,\u201d and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties in the development and regulatory approval processes for the 180-day Eversense product, uncertainties inherent in the commercial launch and commercial expansion of the product, uncertainties inherent in the transition of commercialization responsibilities to Ascensia, uncertainties in insurer, regulatory and administrative processes and decisions, uncertainties in the duration and severity of the COVID-19 pandemic, and such other factors as are set forth in the risk factors detailed in Senseonics\u2019 Annual Report on Form 10-K for the year ended December 31, 2020, Senseonics\u2019 Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and Senseonics\u2019 other filings with the SEC under the heading \u201cRisk Factors.\u201d In addition, the forward-looking statements included in this press release represent Senseonics\u2019 views as of the date hereof. Senseonics anticipates that subsequent events and developments will cause Senseonics\u2019 views to change. However, while Senseonics may elect to update these forward-looking statements at some point in the future, Senseonics specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing Senseonics\u2019 views as of any date subsequent to the date hereof.\n<\/p>\n Senseonics Holdings, Inc.<\/b><\/p>\n Consolidated Balance Sheets<\/b><\/p>\n (in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n June 30, <\/b><\/p>\n<\/td>\n December 31, <\/b><\/p>\n<\/td>\n<\/tr>\n 2021<\/b><\/p>\n<\/td>\n 2020<\/b><\/p>\n<\/td>\n<\/tr>\n \n69,754\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n18,005\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n200\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n93,337\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n207\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n565\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,584\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,421\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n8,816\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,281\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n4,533\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,774\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n179,231\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n30,246\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n723\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,886\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n1,861\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,229\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n51,919\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n1,391\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,557\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n235,125\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,918\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,032\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,762\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n11,225\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,674\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n5,763\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,202\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n20,020\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n16,638\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n54,664\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n57,216\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n367,379\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n62,119\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n104,653\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n39,734\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n1,049\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,483\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n547,765\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n177,190\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,811\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,811\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n445\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n266\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n765,262\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n504,162\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(16\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(1,078,331\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(648,511\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(312,640\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(144,083\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n235,125\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,918\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Senseonics Holdings, Inc.<\/b><\/p>\n Consolidated Statements of Operations and Comprehensive Loss<\/b><\/p>\n (in thousands, except for share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n Three Months Ended <\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Six Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n June 30, <\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n June 30, <\/b><\/p>\n<\/td>\n<\/tr>\n 2021<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2020<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2021<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2020<\/b><\/p>\n<\/td>\n<\/tr>\n \n433\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n216\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n920\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n247\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,856\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n45\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,215\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,289\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n261\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,135\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n297\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,897\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,404\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,217\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n21,074\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n392\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,143\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n918\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(20,777\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n1,644\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,142\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,257\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14,287\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n7,107\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,796\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,362\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,159\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n7,531\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,445\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,505\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,134\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(15,890\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(12,526\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(27,206\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(56,357\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n247\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n256\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n217\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(35,730\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(88,405\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(6,385\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n330\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(10,931\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(4,034\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(3,555\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(8,092\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(7,928\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(124,361\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n15,238\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(305,260\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n25,549\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(381\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,163\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(157\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(295\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(280\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(658\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(164,416\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n5,011\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(402,614\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n6,249\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(180,306\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(7,515\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(429,820\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(50,108\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(16\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(16\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(16\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(16\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(180,322\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(7,515\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(429,836\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(50,108\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(0.42\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.03\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(1.08\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(0.24\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n431,840,854\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n220,305,606\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n398,244,296\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n212,025,792\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210809005738\/en\/<\/a><\/span><\/p>\n Investor Contact Senseonics Media Contact: KEYWORDS:<\/b> United States North America Maryland<\/p>\n INDUSTRY KEYWORDS:<\/b> Health Medical Devices Diabetes Technology Mobile\/Wireless Software Biotechnology<\/p>\n\n
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<\/b>Dial in number: 888-317-6003
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Entry Number: 4998185
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International dial in: 412-317-6061<\/i><\/p>\n<\/td>\n\n \n \n
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<\/b>Visit http:\/\/www.senseonics.com<\/a> and
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select the \u201cInvestor Relations<\/a>\u201d section\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (unaudited)<\/td>\n \n \n <\/tr>\n \n Assets<\/b><\/td>\n \n \n \n \n \n <\/tr>\n \n Current assets:<\/td>\n \n \n \n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Restricted cash<\/td>\n \n \n \n \n \n \n \n \n \n Short term investments, net<\/td>\n \n \n \n \n \n \n \n \n \n Accounts receivable, net<\/td>\n \n \n \n \n \n \n \n \n \n Accounts receivable – related parties<\/td>\n \n \n \n \n \n \n \n \n \n Inventory, net<\/td>\n \n \n \n \n \n \n \n \n \n Prepaid expenses and other current assets<\/td>\n \n \n \n \n \n \n \n \n \n Total current assets<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Option<\/td>\n \n \n \n \n \n \n \n \n \n Deposits and other assets<\/td>\n \n \n \n \n \n \n \n \n \n Long term investments, net<\/td>\n \n \n \n \n \n \n \n \n \n Property and equipment, net<\/td>\n \n \n \n \n \n \n \n \n \n Total assets<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Liabilities and Stockholders\u2019 Deficit<\/b><\/td>\n \n \n \n \n \n <\/tr>\n \n Current liabilities:<\/td>\n \n \n \n \n \n <\/tr>\n \n Accounts payable<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Accrued expenses and other current liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Term Loans, net<\/td>\n \n \n \n \n \n \n \n \n \n Total current liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Long-term debt and notes payables, net<\/td>\n \n \n \n \n \n \n \n \n \n Derivative liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Option<\/td>\n \n \n \n \n \n \n \n \n \n Other liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Total liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Preferred stock and additional paid-in-capital, subject to possible redemption: $0.001 par value per share; 0 shares issued and outstanding as of June 30, 2021 and 3,000 shares issued and outstanding as of December 31, 2020<\/td>\n \n \n \n \n \n \n \n \n \n Total temporary equity<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Commitments and contingencies<\/td>\n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stockholders\u2019 deficit:<\/td>\n \n \n \n \n \n <\/tr>\n \n Common stock, $0.001 par value per share; 900,000,000 shares authorized; 445,124,690 and 265,582,688 shares issued and outstanding as of June 30, 2021 and December 31, 2020<\/td>\n \n \n \n \n \n \n \n \n \n Additional paid-in capital<\/td>\n \n \n \n \n \n \n \n \n \n Accumulated other comprehensive loss, net of tax<\/td>\n \n \n \n \n \n \n \n \n \n Accumulated deficit<\/td>\n \n \n \n \n \n \n \n \n \n Total stockholders’ deficit<\/td>\n \n \n \n \n \n \n \n \n \n Total liabilities and stockholders\u2019 deficit<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue, net<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Revenue, net – related parties<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total revenue<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Cost of sales<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross profit (loss)<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Expenses:<\/td>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Sales and marketing expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Research and development expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n General and administrative expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating loss<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other (expense) income, net:<\/td>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Interest income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss on fair value adjustment of option<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gain (Loss) on extinguishment of debt and option<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Interest expense<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gain (Loss) on change in fair value of derivatives<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Impairment cost<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other expense<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total other (expense) income, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net loss<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other comprehensive loss, net of tax<\/td>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Unrealized loss on marketable securities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total other comprehensive loss, net of tax<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total comprehensive loss<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Basic and diluted net loss per common share<\/td>\n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Basic and diluted weighted-average shares outstanding<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n<\/b>
Lynn Lewis or Philip Taylor
\n
Investor Relations
\n
415-937-5406
\n
Investors@senseonics.com
\n<\/a><\/p>\n
\n<\/b>
Mirasol Panlilio
\n
301-556-1631\n<\/p>\n
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<\/td>\n<\/tr>\n