Stephanie Piazzola's questions to Beta Bionics (BBNX) leadership • Q2 2025
Question
Stephanie Piazzola from Bank of America asked about the drivers behind the increased full-year guidance and the underlying assumptions for Q3 revenue and new patient starts. She also requested details on the CMS proposal timeline.
Answer
CFO Stephen Feider explained the guidance raise reflects high confidence in H2 performance. He attributed the flat Q3 new patient start forecast to typical industry seasonality, a very strong Q2, and a conservative guidance philosophy. Regarding the CMS proposal, Feider outlined that the comment period closes in early September, with a final ruling expected in November and implementation not anticipated before 2027 at the earliest.