Beta Bionics, Inc. ( (BBNX) ) has released its Q2 earnings. Here is a breakdown of the information Beta Bionics, Inc. presented to its investors.
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Beta Bionics, Inc. is a commercial-stage medical device company specializing in advanced diabetes management solutions, particularly known for its iLet Bionic Pancreas, which autonomously determines insulin doses to improve outcomes for people with diabetes.
In its second-quarter 2025 earnings report, Beta Bionics announced a significant increase in net sales and raised its full-year guidance, reflecting strong growth in its diabetes management solutions.
The company reported net sales of $23.2 million, marking a 54% increase from the previous year. The Durable Medical Equipment channel saw a 31% rise in sales, while the Pharmacy Benefit Plan channel experienced a staggering 498% increase. Despite a net loss of $16.9 million, the company improved its gross margin slightly to 53.8%. Additionally, the installed customer base grew by 200% to 24,085 users.
Beta Bionics also highlighted strategic developments, including successful real-world evidence presentations and the announcement of ‘Mint,’ a new patch pump in development. The company has secured formulary agreements with major pharmacy benefit managers in the U.S., which is expected to enhance coverage and reduce costs for patients.
Looking ahead, Beta Bionics has raised its full-year revenue guidance to between $88 million and $93 million and anticipates continued growth in new patient starts through its Pharmacy Benefit Plan channel. The company remains focused on advancing its product offerings and expanding its market presence.