OTC CGM App Tracker—Data Through 5/17/26

研报英文原文证据摘录

OTC CGM App Tracker—Data Through 5/17/26

Equity Research

Multi Company Update — May 18, 2026

Med Tech - Diabetes

Med Tech - Diversified

OTC CGM App Tracker—Data Through

5/17/26

Our Call Larry Biegelsen

We are updating our OTC CGM Tracker, which tracks daily mobile app trends for OTC Equity Analyst | Wells Fargo Securities, LLC

Lawrence.Biegelsen@wellsfargo.com | 212-214-8015

CGM devices—DXCM's Stelo and ABT's Lingo. We aim to use these trends as a directional

Simran Kaurguide for financial performance. We are utilizing data from Sensor Tower.

Equity Analyst | Wells Fargo Securities, LLC

SimranKaur@wellsfargo.com | 212-214-5973

Data through 5/17/26. We are tracking daily mobile app download data from Sensor Nathan Treybeck

Tower for both iOS and Android users as a proxy for new patients. We include data from Equity Analyst | Wells Fargo Securities, LLC

the starts of the Stelo launch (8/26/24) and Lingo launch (9/5/24). Importantly, Lingo is Nathan.Treybeck@wellsfargo.com | 212-214-8042

now Android-compatible and has download estimates starting 11/19/25. Lei Huang

Associate Equity Analyst | Wells Fargo Securities, LLC

Stelo data. We estimate 10,296 Stelo app downloads for the week ending May 17, Lei.Huang@wellsfargo.com | 212-214-8039

compared to 9,517 downloads in the prior week and 18,739 a year ago (+8.2% wk/wk

growth; -17.3% rolling 4-wk y/y). We estimate 214,031 downloads to-date in FY26. See

Exhibit 1.

Lingo data. We estimate 8,653 Lingo app downloads for the week ending May 17,

compared to 9,034 downloads in the prior week and 5,035 a year ago (-4.2% wk/wk

growth; +74.8% rolling 4-wk y/y). We estimate 141,095 downloads to-date in FY26. See

Exhibit 2.

Q1 Stelo sales were approximately ~$38M, more-or-less in line with our tracker. Our