NASDAQ$TNDM

Tandem Diabetes Care Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Tandem Diabetes Care's Q2 2021 financial results were announced, featuring increased sales and pump shipments.

Tandem Diabetes Care reported a strong second quarter with a 58% increase in sales to $172.1 million and an 81% increase in worldwide pump shipments. The company updated its full-year sales guidance to $670 million to $685 million.

  • Worldwide pump shipments increased 81% to 33,817 pumps.
  • Sales increased 58% to $172.1 million.
  • Gross margin improved to 54% of sales.
  • Operating margin improved to 3% of sales.

Headline financials

Total Revenue

$172M

Previous: $109M+57.6%
EPS (adj)

$0.06

Previous: -$0.45+113.3%
Worldwide Pump Shipments

33.8K

No prior period
Adjusted EBITDA

$23.8M

Previous: $6.59M+262.0%
Capital Expenditures

-$5.34M

Previous: -$16.6M+67.7%
Free Cash Flow

-$1.33M

Previous: -$43.7M+97.0%
Net Income

$4.01M

Previous: -$27.1M+114.8%
Operating Income

$5.43M

Previous: -$12M+145.1%
Gross Profit

$92.5M

Previous: $54.4M+70.0%
Cash & Equivalents

$98.6M

Previous: $222M-55.7%
Total Assets

$795M

Previous: $616M+29.0%
Stock-Based Comp

$15M

Previous: $16.4M-8.8%

Revenue & EPS history

Tandem Diabetes · Revenue · Quarterly

$172M

Q2 2021+57.6%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Tandem Diabetes · $80.7M total across 1 segment · Q3 2022

  • Pump Sales
    $80.7M

Forward guidance

The company updated its financial guidance for the year ending December 31, 2021.

Tailwinds

  • Sales are estimated to be in the range of $670 million to $685 million, representing 34% to 37% annual sales growth compared to 2020.
  • International sales are projected to be approximately $160 million to $165 million, indicating 92% to 98% annual sales growth compared to 2020.
  • Gross margin is estimated to be approximately 55%.
  • Adjusted EBITDA is estimated to be approximately 15% of sales.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.4%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

55%

27 / 49 earnings

Positive

+32.8%

Q4 2025

Best reaction

-63.6%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.6%-23.6%+5.0%
Q4 2025+32.8%+40.4%+34.0%
Q3 2025+22.0%+35.5%+56.9%
Q1 2025+18.6%+26.5%+17.6%
Q4 2024-35.2%-42.0%-42.6%
Q3 2024+0.6%-5.3%-9.1%
Q2 2024+12.7%+17.3%+17.6%
Q1 2024+23.5%+21.5%+41.5%
Q4 2023+6.1%+22.5%+28.4%
Q3 2023-12.1%-11.5%+22.5%
Q2 2023+2.8%-13.4%-14.3%
Q1 2023-2.9%-13.4%-35.9%
Q4 2022-2.1%-8.0%+8.0%
Q3 2022-34.3%-31.5%-23.7%
Q2 2022-14.0%-11.8%-34.3%
Q1 2022-16.4%-27.6%-33.8%
Q4 2021-0.3%+7.6%+7.6%
Q3 2021-4.9%-2.6%-4.3%
Q2 2021+4.7%+2.6%+8.8%
Q1 2021-5.6%-11.9%-5.8%
Q4 2020+3.5%+4.4%-10.0%
Q3 2020+1.5%-11.4%-17.9%
Q2 2020+1.8%+3.0%+10.1%
Q1 2020+7.6%+13.7%+11.5%
Q4 2019-11.4%-15.2%-34.7%
Q3 2019-6.5%-8.0%+2.2%
Q2 2019+2.9%-1.5%+14.2%
Q1 2019-5.8%+6.3%+9.2%
Q4 2018+27.9%+43.2%+31.8%
Q3 2018+6.3%-2.2%-2.1%
Q2 2018+7.7%+29.0%+59.9%
Q1 2018+7.9%+7.7%+96.4%
Q4 2017+23.1%+25.0%+57.0%
Q3 2017-3.4%-6.4%+2.7%
Q2 2017-17.3%-39.4%+8.7%
Q1 2017-11.8%-10.5%-22.4%
Q4 2016-19.1%-10.6%-51.1%
Q3 2016-63.6%-66.9%-63.2%
Q2 2016-13.9%-18.8%-8.4%
Q1 2016+7.1%
Q4 2015+11.9%
Q3 2015+20.6%
Q2 2015+8.9%
Q1 2015+1.7%
Q4 2014-3.1%
Q3 2014-11.0%
Q2 2014+11.4%
Q1 2014-11.7%
Q4 2013+4.0%
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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