Shares of Beta Bionics Inc. (NASDAQ: BBNX) surged 19.44% in after-hours trading on Tuesday following the release of the company's third-quarter 2025 financial results, which exceeded analyst expectations and prompted a raise in full-year guidance.
The medical device company, known for its iLet bionic pancreas system, reported a narrower-than-expected loss of $0.33 per share, beating the analyst consensus estimate of $0.44 per share. This represents a significant improvement from the $1.46 per share loss reported in the same quarter last year. Revenue for the quarter came in at $27.3 million, a 63% increase year-over-year and surpassing the analyst estimate of $23.97 million.
Beta Bionics' strong performance was driven by robust growth in both its Durable Medical Equipment (DME) and Pharmacy Benefit Plan (PBP) channels. The company also received Special 510(k) clearance for updates to its iLet device on September 29, 2025, potentially contributing to investor optimism. In light of these results, Beta Bionics raised its full-year 2025 revenue guidance to over $96.5 million, up from the previous range of $88 million to $93 million. The company also increased its estimated gross margin forecast to 54-55%, up from 52-55% previously.
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