Dexcom: Prelim Q4 Revenue, Summary Data from G7 U.S. Pivotal Trial

 -DexCom, Inc. (Nasdaq: DXCM), the leader in real-time continuous glucose monitoring ("CGM"), today reported that it expects preliminary, unaudited revenue for the fourth quarter ended December 31, 2021 to be approximately $698 million, an increase of 23% over the fourth quarter of 2020. U.S. revenue is expected to be approximately $517 million, representing growth of 15% over the fourth quarter of 2020. International revenue is expected to be approximately $181 million, an increase of 54% over the fourth quarter of 2020. International growth was approximately 41% on an organic1 basis.

For fiscal 2021, total preliminary, unaudited revenue is expected to be approximately $2.448 billion, an increase of more than 27% over 2020 on a reported basis and 26%1 on an organic basis.

"Dexcom once again demonstrated the ability to execute on its strategic initiatives and significantly expand its global customer base in 2021, delivering organic revenue that exceeded the midpoint of our original guidance by more than $160 million," said Kevin Sayer, Dexcom’s Chairman, President and CEO. "I am incredibly proud of the Dexcom team, whose resilience to bring Dexcom CGM technology to people with diabetes throughout the world remains steadfast. As we enter 2022, we are well-positioned for another exciting year ahead, highlighted by the launch of our innovative G7 CGM System."

Dexcom G7 U.S. Pivotal Trial Data

Dexcom will present data on its next generation interoperable CGM, drawn from the company’s U.S. pivotal trial2, during its presentation at the 40th annual J.P. Morgan Healthcare conference this morning at 10:30 A.M. Eastern Time. These data highlight the industry-leading precision of the G7 CGM System that accompanies several feature enhancements designed to deliver an enhanced customer experience. Summary mean absolute relative difference (MARD) from the pivotal trial was as follows:

- Adults: 8.2%

- Pediatrics: 8.1%

2022 Outlook

For 2022, Dexcom currently anticipates total revenue of approximately $2.82 billion to $2.94 billion, representing expected growth of approximately 15% to 20% over 2021. This growth outlook considers sensor volume growth driven by increasing CGM awareness for people with Type 1 and Type 2 diabetes, continued international expansion, shifting channel mix and overall market dynamics.

Dexcom will provide further details related to its 2022 financial expectations on the fourth quarter earnings call.

Fourth Quarter 2021 Financial Results Conference Call

Dexcom will report its audited full fourth quarter and fiscal 2021 financial results on Thursday, February 10, 2022 after the close of market. Management is currently scheduled to host a conference call at 4:30 p.m. (Eastern Time) that day. More details will be provided later.

https://finance.yahoo.com/news/dexcom-reports-preliminary-unaudited-revenue-124500259.html