Tandem Diabetes Care (TNDM)

Company Profile

Tandem Diabetes Care, Inc. is a medical device company dedicated to improving the lives of people with diabetes through relentless innovation and revolutionary customer experience. The Company takes an innovative, user-centric approach to the design, development and commercialization of products for people with diabetes who use insulin. Tandem's flagship product, the t:slim X2™ insulin pump, is capable of remote software updates using a personal computer and features integrated continuous glucose monitoring. Tandem is based in San Diego, California.

Company profile

Ticker

TNDM

Exchange

NASDAQ

Website

www.tandemdiabetes.com

CEO

John Sheridan

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Manufacturing > Surgical and Medical Instrument Manufacturing

Industry (SIC)

Surgical & Medical Instruments & Apparatus

3M • Baxter International • Boston Scientific • Stryker • Becton, Dickinson And • Teleflex • Resmed • Haemonetics • Hill-Rom • Nuvasive ...

SEC CIK

0001438133

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Tandem Diabetes Care Canada, Inc. • Sugarmate Inc. ...

IRS number

204327508

TNDM stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$55.00

Low target

$43.00

High target

$70.00

Latest filings (excl ownership)

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8-K

Tandem Diabetes Care Completes Acquisition of Insulin Patch Pump Developer, AMF Medical

23 Jan 23

8-K

Tandem Diabetes Care Reports Preliminary, Unaudited 2022 Sales and Reaffirms 2023 Outlook

10 Jan 23

8-K

Tandem Diabetes Care to Acquire Insulin Patch Pump Developer, AMF Medical

2 Nov 22

Tandem Diabetes Care Announces Third Quarter 2022 Financial Results

3 Aug 22

Tandem Diabetes Care Announces Second Quarter 2022 Financial Results

3 Aug 22

8-K

Tandem Diabetes Care Welcomes Two New Members to Board of Directors

16 Jun 22

8-K

Submission of Matters to a Vote of Security Holders

27 May 22

Conflict minerals disclosure

27 May 22

Transcripts

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TNDM

Earnings call transcript

2022 Q3

3 Nov 22

TNDM

Earnings call transcript

2022 Q2

4 Aug 22

TNDM

Earnings call transcript

2022 Q1

4 May 22

TNDM

Earnings call transcript

2021 Q4

23 Feb 22

TNDM

Earnings call transcript

2021 Q3

4 Nov 21

TNDM

Earnings call transcript

2021 Q2

5 Aug 21

TNDM

Earnings call transcript

2021 Q1

6 May 21

TNDM

Earnings call transcript

2020 Q4

25 Feb 21

TNDM

Earnings call transcript

2020 Q3

5 Nov 20

TNDM

Earnings call transcript

2020 Q2

31 Jul 20

Latest ownership filings

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Elizabeth Anne Gasser

30 Nov 22

Financial summary

Financial statements Chart TNDM financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	123.79 mm	123.79 mm	123.79 mm	123.79 mm	123.79 mm	123.79 mm
Cash burn (monthly)	(no burn)	(no burn)	15.83 mm	5.35 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	63.68 mm	21.50 mm	n/a	n/a
Cash remaining	n/a	n/a	60.11 mm	102.29 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	3.8	19.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

TNDM institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	302	335	-9.9%
Opened positions	39	37	+5.4%
Closed positions	72	84	-14.3%
Increased positions	102	149	-31.5%
Reduced positions	117	108	+8.3%

13F shares	Current	Prev Q	Change
Total value	3.07 bn	3.78 bn	-18.8%
Total shares	69.01 mm	69.49 mm	-0.7%
Total puts	394.01 k	190.60 k	+106.7%
Total calls	322.00 k	622.90 k	-48.3%
Total put/call ratio	1.2	0.3	+299.9%

Largest owners	Shares	Value	Change
FMR	8.97 mm	$429.37 mm	+38.8%
Vanguard	6.19 mm	$296.40 mm	-2.8%
BLK Blackrock	6.09 mm	$291.56 mm	-4.0%
Capital World Investors	4.56 mm	$217.99 mm	+59.5%
Corrib Capital Management	4.50 mm	$13.14 mm	0.0%
Champlain Investment Partners	3.12 mm	$149.48 mm	+18.3%
Alger Associates	2.69 mm	$117.15 mm	0.0%
Brown Capital Management	2.01 mm	$96.19 mm	+18.8%
Eminence Capital	1.59 mm	$76.12 mm	NEW
BLVGF Bellevue	1.57 mm	$74.93 mm	+19.0%

Largest transactions	Shares	Bought/sold	Change
FMR	8.97 mm	+2.51 mm	+38.8%
STT State Street	0.00	-1.72 mm	EXIT
Capital World Investors	4.56 mm	+1.70 mm	+59.5%
Eminence Capital	1.59 mm	+1.59 mm	NEW
Alliancebernstein	92.48 k	-1.26 mm	-93.2%
IVZ Invesco	1.23 mm	-933.83 k	-43.1%
RTW Investments	322.00 k	-600.63 k	-65.1%
Eagle Asset Management	520.78 k	+520.78 k	NEW
Champlain Investment Partners	3.12 mm	+484.31 k	+18.3%
FHI Federated Hermes	663.34 k	-477.77 k	-41.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TNDM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Jan 23	Rajwant Sodhi	Common Stock	Option exercise	Acquire M	No	No	0	1,069	0.00	2,873
4 Jan 23	Rajwant Sodhi	RSU Common Stock	Option exercise	Acquire M	No	No	0	1,069	0.00	1,070
16 Dec 22	David B Berger	Common Stock	Sell	Dispose S	No	No	40.25	10,000	402.50 k	3,029
16 Dec 22	David B Berger	Common Stock	Option exercise	Acquire M	No	No	18.86	10,000	188.60 k	13,029
16 Dec 22	David B Berger	Stock Option Common Stock	Option exercise	Acquire M	No	No	18.86	10,000	188.60 k	10,000
15 Dec 22	Rick Carpenter	Common Stock	Payment of exercise	Dispose F	No	No	40.42	562	22.72 k	1,395
15 Dec 22	Rick Carpenter	Common Stock	Option exercise	Acquire M	No	No	0	1,624	0.00	1,957
15 Dec 22	Rick Carpenter	RSU Common Stock	Option exercise	Acquire M	No	No	0	1,624	0.00	4,871
15 Dec 22	David B Berger	Common Stock	Sell	Dispose S	No	No	40.32	15,000	604.80 k	3,029
15 Dec 22	David B Berger	Common Stock	Option exercise	Acquire M	No	No	18.86	15,000	282.90 k	18,029