Dexcom Reports 22% Revenue Growth to $1.2 Billion in 2024 Amidst Challenges
Dexcom reported strong Q3 2024 revenue growth of 22% year-over-year, reaching $1.2 billion, despite a Class 1 recall for some G7 receivers. The company expanded its customer base to nearly 2.9 million and sees significant potential in the 4.5 million diabetes patients yet to adopt CGM technology, especially with the introduction of its new Stelo product for non-insulin users. Wall Street analysts maintain a positive outlook for DXCM, with an average 1-year price target of $84.81.
https://intellectia.ai/news/stock/dexcom-reports-22-revenue-growth-to-12-billion-in-2024-amidst-challenges