GERMANTOWN, Md. (AP) _ Senseonics Holdings Inc. (SENS) on Tuesday reported a loss of $42.6 million in its first quarter.
On a per-share basis, the Germantown, Maryland-based company said it had a loss of 21 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The medical technology company posted revenue of $31,000 in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $770,000.
In the final minutes of trading on Tuesday, the company's shares hit 52 cents. A year ago, they were trading at $2.06.