Strong Revenue Growth
Beta Bionics delivered $17.6 million in net sales for Q1 2025, which represents a 36% year-over-year growth.
Increase in New Patient Starts
The company reported 3,853 new patient starts in Q1 2025, up 48% year-over-year.
Significant Pharmacy Channel Adoption
Low 20s percentage of new patient starts were reimbursed through the pharmacy channel in Q1 2025, surpassing previous guidance and up from mid-single-digit percent in Q1 2024.
Updated 2025 Annual Guidance
Increased projections for 2025: Net sales of $82 million to $87 million, new patient starts through pharmacy channel at 22% to 25%, and gross margin of 50% to 53%.
Strong Cash Position
As of March 31, 2025, Beta Bionics had $295.5 million in cash, cash equivalents, and short- and long-term investments.