Philip Coover's questions to Beta Bionics (BBNX) leadership • Q2 2025
Question
Philip Coover from Goldman Sachs inquired about the market dynamics driving strong off-label Type 2 patient starts and asked if the growing recurring revenue base improves forecast visibility.
Answer
CEO Sean Saint cautiously addressed the Type 2 question, emphasizing that physicians have the discretion to prescribe off-label as they see fit, without detailing specific drivers for Islet. CFO Stephen Feider confirmed that the growing installed base of recurring pharmacy revenue does indeed make the business more predictable and improves visibility into future revenue, even with flat new patient starts.