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Stock impact report

Tandem Diabetes Care Announces First Quarter 2020 Financial Results

Tandem Diabetes Care, Inc. (TNDM) 
Last tandem diabetes care, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.tandemdiabetes.com
Company Research Source: Business Wire
Second Quarter 2020 Sales Guidance Provided, Annual Guidance Withdrawn SAN DIEGO--(BUSINESS WIRE)--Tandem Diabetes Care, Inc. (NASDAQ: TNDM), a leading insulin delivery and diabetes technology company, today reported its financial results for the quarter ended March 31, 2020. In addition, due to the unknown depth and duration of the COVID-19 pandemic, the Company provided sales guidance for the second quarter 2020 and has withdrawn its financial guidance for the year ending December 31, 2020.First Quarter 2020 HighlightsIn comparing the first quarter of 2020 to the same period of 2019:Worldwide pump shipments increased 18 percent to 17,378 pumps from 14,732 pumpsSales increased 48 percent to $97.9 million from $66.0 millionGross margin for both periods was 51 percentAdjusted EBITDA(1) improved to 4 percent of sales from less than 1 percent of sales“In the face of the current pandemic, our employees have demonstrated incredible flexibility and adaptability to prioritize the well-bei Show less Read more
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