Dexcom reported a strong Q4 2020 with a 23% increase in revenue to $568.9 million compared to the same quarter of the prior year. GAAP operating income was $104.0 million, representing 18.3% of revenue.
Revenue grew by 23% to $568.9 million compared to Q4 2019.
U.S. revenue increased by 20%, while international revenue grew by 35%.
GAAP operating income was $104.0 million, or 18.3% of revenue.
GAAP net income was $355.2 million, or $3.48 per diluted share.
The company is reiterating guidance for fiscal year 2021 revenue, and establishing guidance for full year gross profit, operating margin, and Adjusted EBITDA margin as follows: Revenue of approximately $2.21 - 2.31 billion (15-20% growth), Non-GAAP Gross profit margin of approximately 65%, Non-GAAP Operating margin of approximately 13%, Adjusted EBITDA margin of approximately 23%
Visualization of income flow from segment revenue to net income