Slide 1: Q1 2025 Earnings
Q1 2025 Earnings May 6, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this presentation that are not statements of historical fact are forward-looking statements. Such forward-looking statements include, without lim
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont’d) This presentation contains trademarks, service marks, trade names and copyrights of the Company and other companies which are the property of their respective owners. This presentation discusses certain product candidates that have not yet received marketing authorization or clea
Slide 4: First Quarter Financial Results & Key Metrics
First Quarter Financial Results & Key Metrics Revenue Gross Margin ($ in millions) 61% $20.4 56% 54% 57% $17.6 53% 51% $16.7 $15.0 $12.9 40% $8.4 $3.1 $0.6 4% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 DME Pharmacy New Patient 31 455 1,818 2,597 3
Slide 5: First Quarter Strategic Highlights
First Quarter Strategic Highlights Recent Product Launches Bionic Circle App (Sep ‘24) Color iLet (Oct ‘24) Libre 3 Plus Integration (Nov ‘24) Remote monitoring experience for Color screen, brighter display, First insulin pump in the U.S. to integrate family, caregivers, and friends and louder alert
Slide 6: Full Year 2025 Guidance
Full Year 2025 Guidance Previous New Assumptions & Drivers • iLet continues to generate robust demand, driving pump market expansion and taking market share $80-85M $82-87M Total Revenue • Stable utilization and retention rates in DME and pharmacy channel • Expanded to 63 sales territories exiting Q
Slide 7: Strategic Outlook
Strategic Outlook Revolutionize Care Future Objectives • Patch pump commercialization1 • Bi-hormonal pump commercialization1 • Expansion of sales territories Execute Relentlessly • Growth of pharmacy channel mix • Market and indication expansion 2025 Objectives - Primary care - Type 2 insulin-intens
Slide 8: Appendix
Beta Bionics Appendix
Slide 9: Quarterly Financial Performance
Quarterly Financial Performance ($ in millions) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Installed Base 1 0 31 486 2,304 4,901 8,034 11,214 15,298 19,151 New Patient Starts 0 31 455 1,818 2,597 3,133 3,180 4,084 3,853 % of New Patient Starts from MDI 0% 9% 38% 55% 64%
Slide 10: Reconciliation from Non-GAAP to GAAP Financials
Reconciliation from Non-GAAP to GAAP Financials ($ in millions) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Adjusted EBITDA1 ($8.1) ($7.1) ($7.2) ($6.6) ($7.8) ($10.0) ($8.7) ($11.3) ($15.5) Stock-Based Compensation Expense (1.2) (1.6) (1.3) (1.6) (1.4) (1.5) (2.0) (1.6)