Looking at the results announced by Tandem this afternoon we think its safe to say two things; the company has completed their transformation and the folks in Northridge should be worried, very worried.
Let’s take a look at what can only be described as astonishing numbers;
“Worldwide pump shipments increased 290 percent to 21,258 pumps from 5,447 pumps
Sales increased 173 percent to $93.3 million from $34.1 million
Operating margin improved to negative 2 percent from negative 41 percent
Adjusted EBITDA(1) improved to 13 percent of sales from negative 29 percent of sales
Sales . . .
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