r/StockMarket - $SENS In Depth DD for a George Soros pennystock (for now!)

What’s Senseonics?

Senseonics is a medical device startup company in USA developing transformative glucose monitoring products that are intended to enable people with diabetes to confidently live their lives with ease. Utilizing breakthrough fluorescence sensing technology, the Senseonics continuous glucose monitoring (“CGM“​) system is being designed to be the first fully implantable CGM that is highly accurate and stable throughout its long sensor life. The system consists of a very small sensor implanted under the skin, an external transmitter, and a mobile medical application, which allows for discreet, easy access to real-time glucose measurements without the need for a dedicated receiver.

To get an idea, here are the pictures directly from their website :

Dimensions of the sensor: 3 mm x 18 mm

Can we get a video preview about how these work to have a clearer idea? Sure, take 3 minutes of your time and watch this very easy to understand video made by the company, it’s really insightful https://vimeo.com/350831092 .

After looking at this video, you now would like to know: what about the user experience? Who can judge the product better than those who benefit from it? Take a look at this video with a patient explaining the impact Eversense had on his life https://vimeo.com/356990267 . All of the linked videos are from the official website https://www.eversensediabetes.com

Being able to have real-time data and alerts about glucose levels can be life saving, keep in mind Diabetes is the nation’s seventh-leading cause of death, accounting for more than 79,000 deaths annually. It also contributes to deaths from heart disease and stroke which are the leading and fifth-leading causes of death, respectively. There are three major types of diabetes: type 1, type 2, and gestational. Type 2 diabetes accounts for 90 to 95 percent of all cases. Eversense aims to keep that safely under control

They already have FDA APPROVAL for the 90 days monitoring sensor, currently waiting for the new device for 180 days monitoring to be approved hopefully in Q1 2021, you can check here why it is still pending.https://www.fiercebiotech.com/medtech/senseonics-180-day-eversense-glucose-monitor-delayed-at-fda-by-covid-19-pandemic As written in the article “The company has received word from the FDA to expect delays of at least two months for its application while the agency tasks its staff with emergency reviews of coronavirus tests and other medical devices, it said” . They filed in October. Could be an interesting catalysts if FDA gives the thumbs up for it. More info about it here + cash infusion: https://www.bizjournals.com/washington/news/2020/10/06/senseonics-seeks-approval-for-glucose-monitoring.html

from the linked article

The company stats/techincals on Finviz https://finviz.com/quote.ashx?t=SENS&ty=c&p=d&b=1

Fourth quarter 2020 net revenue is expected to be approximately $3.5 million, increased from the prior expectation of approximately $2.5 million. Full year 2021 net revenue is expected to be between $12 and $15 million, based on installed base, acceleration of Ascensia’s commercial activities and other factors. Read more here: https://finance.yahoo.com/news/senseonics-announces-business-214900241.html

Analysts consensus & forecasts: https://money.cnn.com/quote/quote.html?symb=SENS

NOW ONTO THE MOST INTERESTING PART: I was looking, as I always do, on https://fintel.io/so/us/sens the institutional ownership of this stock and well, I have to admit it is rare to encounter such big players involved in a pennystock. Look at it yourself:

oh georgie

Soros Fund Management holds 10m shares, PHC holds a staggering 24% stake, Roche Holding is a multibillion dollar Swiss company in the pharmaceutical/diagnostics space!

What more can I say? The company is amongst the top key players in the market for Self-Monitoring Blood Glucose Strips.

I tried my best to gather up the most useful informations about this stock, currently looking for more article/data to share with you about it, feel free to add more in the comments. I’d like to know what you guys think about this. Last but not least: Be aware of all the risks that could be involved in investing in a pennystock, put in what you can afford to lose without problems, take profits because a profit is a profit no matter the percentage.

Pacho Out