MARKET COMPOSITE
DXCM - Dexcom Inc8:00:00 PM 4/22/2024
Price
$131.52
+ 0.81 (0.62%)
DexCom, Inc. is a company that develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. It operates internationally with headquarters in San Diego, California. Dexcom was founded in 1999 by Scott Glenn, John Burd, Lauren Otsuki, Ellen Preston and Bret Megargel. In 2006, Dexcom received U.S. Food and Drug Administration approval and launched the Dexcom STS Continuous Glucose Monitoring System, which is a three-day sensor that provides up to 288 glucose measurements for every 24 hours. Dexcom received approval of the second generation product, the Seven Continuous Glucose Monitoring System in May 2007. This device improves on accuracy and extending usage from three to seven days. In 2008, Dexcom announced two consumer development agreements with Insulet Corporation and Animas Corporation as well as a development agreement with Edwards Lifesciences for a continuous glucose monitor in the intensive care unit hospital environment. During February 2009, Dexcom received approval for the Seven Plus Continuous Glucose Monitor, of its new continuous glucose monitoring system from the FDA. This product received a CE mark in November 2009. In 2013, development to integrate with Insulet discontinued. Dexcom entered a non-exclusive agreement with Tandem Diabetes Care, Inc. in 2015 to allow the integration of its new G5 and G6 continuous glucose monitoring systems into Tandem's insulin pumps. The G5 was approved in 2016 by the FDA for use as a standalone device, while the G6 gained approval in 2018.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1B+6%
Gross Profit656.6MM+5%
Cost Of Revenue377.9MM+7%
Operating Income216.9MM+6%
Operating Expenses439.7MM+5%
Net Income256.3MM-
R&D136.1MM+4%
G&A308.8MM+8%
Amortization2.9MM+71%
Interest Expense4.9MM-
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