The product is great. I hear it from many users and am glad it's doing well as I bought some just to support the company. It's saved and changed many lives that I have witnessed. It's a great feeling investing ethically, and make decent money too.
The new G4 is amazing as was the older model ... the 7plus. It has been a life changing piece of equipment for me, and I am a Type 1 diabetic who has had the disease for 24 years. As the knowledge of Dexcom CGM (Continuous Glucose Monitor) units spreads to all those who have Type 1 diabetes, or their guardians, and as more and more insurances are fully covering the monthly supplies, I believe the sky is the limit for this now small company. Anyone who says there is stiff competition with other companies obviously does not understand the difference in Type 1 & 2 diabetes, nor do they show any understanding of the fact that the other CGM makers (only 2 of them right now) have poorly functioning equipment that makes the users who try them to discontinue use. However, once you've tried a Dexcom and you see the accuracy and simplicity of the product there is no turning back...I could not live my life now without my unit, as it has drastically reduce the episodes of low blood sugars I have during the day where I am interrupted and have to stop and eat....it has reduced that number from roughly 10-15 times a week to once a week, and that once a week low is not nearly as low a number which makes it easier to jump back into whatever I'm doing at the time....i.e. working, basketball, hanging out with my wife and daughter...etc. I'm long Dexcom, and believe in this company a great deal.
I've watched and been away from this story at various times. While, I've never lost interest in the company there's always been a thought in the back of my mind that competition is fierce and somehow, the price never justified the revenue run rate? Can someone tell me: why revenues are down sequentially, what puts this product on top of the heap, and when is profitability to be expected?
Total revenues are down due to the development agreements winding down. However, product revenues are up sequenially. They have the best sensor, which puts them on top of the heap. Hard to know when they'll be profitable. Historically they've had to spend more to sell more.