Pen Needle SalesA year-over-year decline of about 10% in pen needle sales in the US is a concern, assumed to be due to customers ordering ahead of price increases.
Revenue GuidanceThe full-year guide implies a ~$30M sequential decrease in revenue for F4Q at the midpoint, reflecting the reversal of the benefits from timing of distributor orders and stocking in F3Q, in addition to rebate reserve adjustments.
Sales PerformanceTotal sales declined by 9.8% year-over-year, highlighting a challenging sales environment for the company.