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Tuesday, Jul 23, 2024
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Dexcom Reports 60 Percent Jump in Q1 Revenue

Dexcom Inc., one of San Diego’s biggest public medical technology firms, reported a 60 percent jump in revenue for the first quarter of this year.

The company reported $116.2 million in revenue, compared with $72.8 million in revenue for the same period last year. Gross profit totaled $75.1 million for the first quarter of 2016, compared to a gross profit of $46.5 million for the same quarter in 2015.

Net loss, however, grew to $19.2 million, compared to $12.9 million for the same quarter in 2015. The 2016 loss included $28.6 million in non-cash expenses, including share-based compensation, depreciation and amortization. The Q1 2015 net loss, by comparison, included only $18.7 million in non-cash expenses.

DexCom, which has a market cap of $5.76 billion and makes continuous glucose monitors, reported $106.5 million in cash and cash equivalents.

The company’s stock is trading on Nasdaq under the stock symbol DXCM.

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