Tandem Diabetes Care (TNDM) experienced a 5.08% decline in its stock price on November 7, 2024, despite reporting record quarterly sales in the third quarter of 2024. The company's shares fell amid investor concerns over its conservative guidance for 2025 and uncertainties surrounding the potential impact of its new initiatives.
For the third quarter, Tandem Diabetes Care achieved record sales of $244 million, representing a 31% year-over-year increase, driven by strong demand for its innovative products, including the newly launched Tandem Mobi insulin pump. The company's performance was bolstered by solid growth in both the United States and international markets.
While Tandem raised its full-year 2024 sales guidance to a range of $903 million to $910 million, reflecting an increase of 17% to 18% compared to the previous year, the company's outlook for 2025 was met with caution by investors. Tandem Diabetes Care plans to provide conservative guidance for 2025, initially focusing on predictable revenue streams from supply sales and renewals, before factoring in potential benefits from new growth opportunities.
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