Insulet Corporation announced its financial results for the third quarter ended September 30, 2024, reporting a total revenue increase of 26% year-over-year, or 25% in constant currency. The company also raised its annual revenue growth forecast, citing strong demand for its wearable insulin pumps.
This performance reflects continued robust demand and momentum for the Omnipod 5 system. The company's tubeless insulin pump technology is demonstrating strong market acceptance and expanding its customer base.
The strong revenue growth and raised annual forecast indicate healthy demand for Insulet's Omnipod products and effective market penetration. This financial performance demonstrates the company's ability to expand its customer base and generate increasing sales, which is a positive indicator for investors.
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