OTC CGM App Tracker—Data Through 6/28/26

研报英文原文证据摘录

OTC CGM App Tracker—Data Through 6/28/26

Equity Research

Multi Company Update — June 29, 2026

Med Tech - Diabetes

Med Tech - Diversified

OTC CGM App Tracker—Data Through

6/28/26

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 6/28/26. 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 9,563 Stelo app downloads for the week ending June 28, Lei.Huang@wellsfargo.com | 212-214-8039

compared to 9,522 downloads in the prior week and 12,444 a year ago (+0.4% wk/wk

growth; -25.7% rolling 4-wk y/y). We estimate 271,726 downloads to-date in FY26. See

Exhibit 1.

Lingo data. We estimate 9,219 Lingo app downloads for the week ending June 28,

compared to 8,202 downloads in the prior week and 3,992 a year ago (+12.4% wk/wk

growth; +81.0% rolling 4-wk y/y). We estimate 191,084 downloads to-date in FY26. See

Exhibit 2.

Q2 Stelo downloads to-date imply sales of ~$42M, in line with our model. Our tracker,