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Dexcom's sales surge in Q2 as continuous glucose monitors aim to go mainstream


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Despite competition from larger med-tech firms, San Diego’s Dexcom reported better-than-expected financial results for the second quarter, driven by more people with diabetes opting to use continuous glucose monitors to track their blood sugar.
The company said Thursday that sales surged to $595.1 million, up 32 percent from the same quarter a year ago.
“The $143 million in absolute dollar revenue growth compared to the second quarter in 2020 represents the highest quarterly increase in Dexcom’s history,” said Chief Executive Kevin Sayer in a conference call with analysts.
Net income jumped to $62.9 million, or 63 cents per share, under Generally Accepted Accounting Principles. That’s up from net income of 48 cents per share a year ago. ....

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