Tandem Diabetes Care Reports Third Quarter 2016 Financial Results
Tandem Diabetes Care®, Inc. (NASDAQ: TNDM), a medical device company and manufacturer of the only touchscreen insulin pumps available in the United States, today reported its financial results for the quarter ended September 30, 2016 and updated its financial guidance for the year ending December 31, 2016. Pump shipments grew 14 percent to 3,896 for the third quarter of 2016 compared to 3,431 pumps shipped in the same period of 2015. However, GAAP sales declined 22 percent to $12.3 million for the quarter ended September 30, 2016 compared to $15.7 million for the same period of 2015.