Dexcom Q1 revenue up 24% to $921M; GAAP EPS $0.36; updates FY guidance to $4.2-4.35B

DEXCOM INC

2024-Q1 EPS reported $0.36 revenue$921,000,000

Revenue $921M (+24% YoY); GAAP net income $146.4M ($0.36 EPS) vs $48.6M ($0.12) in Q1 2023.
Non-GAAP operating margin 15.2% (up 460 bps YoY); Non-GAAP EPS $0.32.
FDA cleared Stelo, first OTC CGM for type 2 diabetes not on insulin; also cleared Direct-to-Watch for G7.
Updated FY2024 revenue guidance to $4.20-4.35B (17-21% organic growth); reiterated Non-GAAP gross margin ~63-64% and operating margin ~20%.
Cash $2.9B; revolving credit facility undrawn.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DEXCOM INC reported the quarter ended March 31, 2024 results: revenue $921.0 million, net income $146.4 million, or $0.36 per diluted share, EPS $0.36 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $921.0 million
Net income: $146.4 million, or $0.36 per diluted share
EPS: $0.36 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(Nasdaq: DXCM) today reported its financial results as of and for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: • Revenue grew 24% year-over-year to $921.0 million on a reported basis and 25% year-over-year on an organic 1 basis. • U.S. revenue and international revenue both grew 24% on a reported basis and international revenue grew 26% on

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Source: SEC EDGAR

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