DexCom: Brighter 2025 From Stelo Ramp
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DexCom's Q3 revenue grew by 2% year-over-year to $994.2 million, facing challenges in 2024 due to competition and missteps. However, the long-term outlook remains strong with the launch of the Stelo CGM, targeting non-insulin users, expected to significantly ramp up in 2025.
December 10, 2024 | 8:30 pm
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DexCom's Q3 revenue grew by 2% year-over-year to $994.2 million, facing challenges in 2024 due to competition and missteps. However, the long-term outlook remains strong with the launch of the Stelo CGM, targeting non-insulin users, expected to significantly ramp up in 2025.
DexCom's revenue growth was modest at 2% y/y, indicating current challenges. However, the launch of the Stelo CGM, which targets a new market segment, suggests potential for future growth. The impact on the stock price is neutral in the short term as the market may wait to see the actual ramp-up in 2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100