As it parts ways with Ypsomed, Insulet's outlook for meaningful profitability is pushed out to 2019.
Insulet posted another stellar quarter, enlarging its installed base of OmniPod users by roughly 35% globally. While second-quarter performance was generally consistent with our expectations and the company remains on track to meet our full-year expectations, we plan to moderately increase our fair value estimate after revising our longer-term projections to reflect Insulet’s plan to take over direct sales and distribution of its products in Europe in mid-2018. While this plan will raise selling...Insulet is engaged in the development, manufacturing and sale of its Omnipod? System, an insulin delivery system for people with insulin-dependent diabetes, which consists of two product lines: the Omnipod Insulin Management System and Omnipod DASH? Insulin Management System. The Omnipod System features a self-adhesive disposable tubeless Pod, which is worn on the body and provides up to three days of non-stop insulin delivery without the need to see or handle a needle, and a handheld Personal Diabetes Manager. The Omnipod System communicates wirelessly, provides for automated cannula insertion and eliminates the need for multiple daily injection therapy or the use of pump and tubing.
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