Financial PerformanceTNDM delivered the highest quarterly sales in its history, both in the US and internationally, with revenue totaling $243M in 3Q versus the $224M consensus.
Growth PotentialTNDM is being assigned little-to-no credit for its ongoing pharmacy migration and expansion in Type 2 patients, along with its future product launches, which represent potentially meaningful growth drivers.
Market DemandThe return to year-over-year new pump growth in the US, with more than half of the shipments to new users, shows strong market demand.