Why $SENS is gonna 10x 🚀🌙
As it’s happened many times, the market lumps everything together and dumps the baby with the bathwater. At first sight you might think $SENS has the makings of a meme stock with no intrinsic value. It was trading as low as 0.4 just three months ago before multiplying more than 10x in just 2 months. Besides, it had only $4.9 in revenues last year a drop of 80% in revenues from the year before! Normally, after reading these two data points I would stop researching any company, but there is more than meets the eye to this story so hang on. The situation for Senseonics was not always like that. This company has been public since 2015 and has traded above the current levels most of that time, and it is not a newly founded company, Senseonics was founded in 1996 and has invested all this time developing their technology and getting patents and authorizations. It has 519 issued patents and pending patent applications related to their CGM system and has burned through $648 MM since its inception just to get to where we are now. The almost demise of Senseonics in 2020 was due to some self inflicted errors and bad luck. The company tried to commercialize Eversense on its own in the USA and that consumed much of its economic resources without much success and then, when COVID hit, the company stopped commercializing Eversense as it couldn’t get physicians to perform the sensor implant procedure. In March 2020, Senseonics was forced to make a $48.5 MM repayment to one of its lenders that panicked and that pushed the company into the limits of insolvency and forced it to look for a partner or outright sale.
TL;DR: your wife’s boyfriend said if you buy SENS you get to leave the basement
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June 11, 2021 at 06:04PM