17 unchanged sentences
• We currently rely on sales of insulin pump products to generate a significant portion of our revenue, and any factors that negatively impact sales of these products may adversely affect us.
+Added: • Uncertainty in current global economic and political conditions could adversely affect our ability to predict product demand and impact our financial results.
• Our ability to maintain and grow our revenue depends on retaining a high percentage of our customer base.
28 unchanged sentences
Since our inception in January 2006, we have incurred a significant net loss.
−Removed: As of March 31, 2022, we had an accumulated deficit of $649.3 million.
+Added: As of June 30, 2022, we had an accumulated deficit of $664.4 million.
To date, we have funded our operations primarily through cash collected from product sales, private and public offerings of our equity securities, and debt financing.
9 unchanged sentences
Additional increases in our expenses without commensurate increases in sales could significantly increase our operating losses.
−Removed: The extent of our future operating losses and the timing of our profitability are highly uncertain in light of a number of factors, including the timing of the launch of new products and product features by us and our competitors, market acceptance of our products and competitive products by people with insulin-dependent diabetes, their caregivers and healthcare providers, the timing of regulatory approval of our products and the products of our competitors, the actual efficiencies gained in our manufacturing processes, and the scope and duration of the impacts caused by the COVID-19 global pandemic.
+Added: The extent of our future operating losses and the timing of our profitability are highly uncertain in light of a number of factors, including the timing of the launch of new products and product features by us and our competitors, market acceptance of our products and competitive products by people with insulin-dependent diabetes, their caregivers and healthcare providers, the timing of regulatory approval of our products and the products of our competitors, the actual efficiencies gained in our manufacturing processes, general economic conditions, and the scope and duration of the impacts caused by the COVID-19 global pandemic.
Any additional operating losses will have an adverse effect on our stockholders’ equity, and we cannot assure you that we will be able to sustain profitability.
17 unchanged sentences
Furthermore, any disruption in our supply chain could negatively impact our ability to manufacture or otherwise supply sufficient product quantities to meet current customer demand, or any unexpected increase in demand, which could also have the effect of magnifying the negative impact of any of the factors described above.
+Added: Uncertainty in current global economic and political conditions could adversely affect our ability to predict product demand and impact our financial results.
+Added: Our operations and performance depend in part on worldwide economic and political conditions.
+Added: Many of the jurisdictions in which our products are sold have experienced and could continue to experience unfavorable general economic conditions, such as a recession or economic slowdown, which could negatively affect the affordability of, and consumer demand for, our products.
+Added: Under difficult economic conditions, consumers may seek to modify spending priorities and reduce discretionary spending by delaying purchases of our products, which could reduce our profitability and could negatively affect our overall financial performance.
+Added: Other financial uncertainties in our major markets and unstable political conditions in certain markets, including civil unrest and governmental changes, could undermine global consumer confidence and reduce consumers’ purchasing power, thereby reducing demand for our products.
+Added: We cannot predict the reoccurrence of any economic slowdown or the strength or sustainability of the economic recovery, worldwide, in the United States, or in our industry.
+Added: These and other economic factors could have a material adverse effect on our business, financial condition, and results of operations.
Public health threats, such as the COVID-19 global pandemic, have had and could continue to have a material adverse effect on our operations, the operations of our business partners, and the global economy as a whole.*
23 unchanged sentences
The impact continues even as some third-party conferences, trade shows and events are being held remotely from time to time, which restricts our engagement with customers and healthcare providers.
−Removed: These restrictions have negatively impacted, and are likely to continue negatively impacting, our ability to promote our new products and features to customers and healthcare providers, which could adversely impact our product sales and customer retention rates, as well as the strength of our brand.
+Added: In addition, varying COVID-19 case rates can limit our in-person access to healthcare provider offices and also result in staffing shortages in the practices we serve.
+Added: Collectively, these restrictions have negatively impacted, and are likely to continue negatively impacting, our ability to promote our new products and features to customers and healthcare providers, which could adversely impact our product sales and customer retention rates, as well as the strength of our brand.
The failure to retain a high percentage of our customers and increase sales to these customers consistent with our forecasts would have a material adverse effect on our business, financial condition and operating results.
50 unchanged sentences
It is also possible that consumers interested in purchasing any of our future products currently under development may delay the purchase of one of our current products.
−Removed: We anticipate that customers may continue to delay their purchasing decisions, or physicians may continue to pause prescriptions of our products, as a result of the COVID-19 global pandemic.
+Added: We anticipate that customers may continue to delay their purchasing decisions, or physicians may continue to pause prescriptions of our products, as a result of the COVID-19 global pandemic or unfavorable changes in general economic conditions.
If our insulin pump products do not achieve and maintain widespread market acceptance, we may fail to achieve sales consistent with our projections, in which case our business, financial condition and operating results could be materially and adversely affected.
323 unchanged sentences
For example, as a result of an update to Dexcom’s data systems in October 2021, Sugarmate users in all geographies were unable to receive Dexcom CGM data in the Sugarmate app.
−Removed: Connections for users in the United States were restored in December 2021 but we have not yet restored connections in other geographies.
−Removed: While we continue to work towards restoring service for most users outside the US, we may not be able to restore services to all countries on the same timeline, or restore services to all users.
+Added: Connections for users in the United States were restored in December 2021 and in June 2022 for users in all geographies except Australia and New Zealand, though we continue to work towards restoring service for users in those geographies.
These service disruptions, or other problems utilizing the mobile app or other assets acquired from Sugarmate, could adversely affect our ability to realize the expected benefits from the Sugarmate acquisition.
4 unchanged sentences
We may need or otherwise determine to raise additional funds in the future and if we are unable to raise additional funds when necessary or desirable, we may not be able to achieve our strategic objectives.*
−Removed: At March 31, 2022, we had $635.4 million in cash, cash equivalents and short-term investments.
+Added: As of June 30, 2022, we had $635.3 million in cash, cash equivalents and short-term investments.
Our management expects the continued growth of our business, including the expansion of our customer service infrastructure to support our growing base of customers, our plans to expand commercial sales of our products outside of the United States, the growth of our manufacturing and warehousing operations, increasing the size of our facility footprint due to increases in headcount and additional R&D activities, will continue to increase our expenses.
43 unchanged sentences
We rely primarily on patent, trademark and trade secret laws, as well as confidentiality and non-disclosure agreements, to protect our proprietary technologies.
−Removed: As of March 31, 2022, our patent portfolio consisted of approximately 122 issued U.S.
+Added: As of June 30, 2022, our patent portfolio consisted of approximately 125 issued U.S.
patents and 87 pending U.S.
355 unchanged sentences
Date of First Filing Exhibit Number
−Removed: 10.1* Tandem Diabetes Care, Inc.
−Removed: 2022 Senior Management Cash Bonus Plan
+Added: 10.1 Credit Agreement Between Tandem Diabet es Care, Inc., and Bank of America , N.A.
+Added: 10.2** Confidential Intellectual Property Agreement, dated July 10, 2012, by and between Tandem Diabetes Care, Inc.
+Added: and Smiths Medical ASD, Inc.
31.1 Certification of John F.
14 unchanged sentences
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.
−Removed: 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document contained in Exhibit 101) X
−Removed: * Indicates management contract or compensatory plan.
+Added: 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document contained in Exhibit 101).
* This certification is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.
Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the registrant specifically incorporates it by reference.
+Added: ** Confidential treatment has been granted with respect to certain portions of this exhibit pursuant to an application for confidential treatment sent to the Securities and Exchange Commission.
+Added: Such portions are omitted from this filing and have been filed separately with the Securities and Exchange Commission.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Tandem Diabetes Care, Inc.
−Removed: May 4, 2022 By:
+Added: Dated August 3, 2022
President and Chief Executive Officer
1 unchanged sentence
Principal Executive Officer)
−Removed: May 4, 2022 By:
+Added: Dated August 3, 2022
Executive Vice President, Chief Financial Officer and Treasurer
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.