Click here for the press release.
Highlights include...
+ 4150 OmniPod users and now is selling in 40 states
+ Reported revenue of $4.4M, increased 166% from the same quarter a year ago
+ Operating expenses grew to $10.8M driven by significant increases in G&A and Sales and Marketing
+ Insulet production capacity grew from 45,000 omnipods/month to 75000 OmniPods/month. They state they have been able to accelerate manufacturing capacity so they are planning significant investment in sales and customer support to drive new customers by the end of 2008
+ Insulet amended its agreement with Abbot Diabetes Care to make Abbott's Freestyle glucose meter the exclusive meter for the PDM
+ Full year revenue for 2007 was $13.4M compared to $3.7M in 2006. They forecast that 2008 revenue will be between $40M and $45M.
+ Insulet achieved a net loss of $53M in 2007 compared to a new loss of $36M in 2006. They forecast a net loss of $55M-$60M in 2008 with plans to achieve positive gross margins in the last quarter of 2008.
Friday, March 28, 2008
Subscribe to:
Post Comments (Atom)
.jpg)
3 comments:
Hey Guys,
Insulet is finally ready to release upgraded software for downloading your data -- hooray!
Check it out here: http://www.diabetesmine.com/2008/06/new-from-omnipod-software-that-works.html
Dear Bay Area OmniPod users,
Interface Analysis, a consumer research firm in the Bay Area, is conducting a study on a new diabetes product. We would like to invite you to participate in the study. Also to note, this study is completely noninvasive. We are simply looking to get your feedback about how to make this product easier and more satisfying to use.
The study sessions are 90 minutes long and will take place during December (2008). We will pay you $150 for an individual session at our facility in Cupertino.
This is a great opportunity to give feedback on a new diabetes product that may positively impact your life or others living with diabetes!
If you are interested, please contact Jamie at (408) 834-8443 or email us at iaa_research@yahoo.com
Profit numbers are great. Now just quit making shit quality products that fail all the time.
Post a Comment