Stock Monitor: Cancer Genetics Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 10, 2018 / Active-Investors.com has just released a free earnings report on DexCom, Inc. (NASDAQ: DXCM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DXCM. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 27, 2018. The medical device Company outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the full year FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Cancer Genetics, Inc. (NASDAQ: CGIX), which also belongs to the Healthcare sector as the Company DexCom. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, DexCom most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the fourth quarter of the fiscal year 2017, DexCom's revenues were $221.0 million, reflecting an increase of 29% from $171.2 million in Q4 2016, and resulting in the Company's strongest growth quarter of the year. DexCom's revenue numbers beat analysts' estimates of $217.8 million.
During Q4 2017, DexCom's US revenues surged 25% to $187.8 million on a y-o-y basis, and represented 85% of the Company's overall revenues. The International Company's revenues totaled $33.2 million, reflecting a growth of 58% on a y-o-y basis.
During Q4 2017, DexCom recorded a gross profit of $153.5 million, resulting in a gross margin of 69%, compared to $116.7 million, or 68% of revenues, in Q4 2016. The Company's operating expenses totaled $142 million in the reported quarter compared to $123 million in the prior year's same quarter.
For Q4 2017, DexCom recorded a GAAP net loss of $9.4 million, or $0.11 loss per share, compared to a GAAP net loss of $7.4 million, or $0.09 loss per share, in Q4 2016. The Company's reported quarter results included net non-cash expenses of $55.7 million, comprised primarily of share-based compensation, depreciation and amortization, non-cash interest expenses related to its senior convertible notes, and a non-cash tax expense of $18.2 million related to the reversal of a non-cash deferred tax benefit. DexCom's Q4 2016 results consisted of non-cash expenses of $34.3 million, comprised primarily of share-based compensation, and depreciation and amortization.
DexCom's non-GAAP net income was $8.8 million, or $0.10 per share, in Q4 2017 compared to a non-GAAP net loss of $7.4 million, or $0.09 loss per share, in Q4 2016. The Company's earnings numbers surpassed Wall Street's estimates of $0.03 per share.
DexCom's revenues grew to $718.5 million during the full fiscal year 2017, reflecting an increase of 25% from $573.3 million in FY16.
For FY17, DexCom recorded a GAAP net loss of $50.2 million, or $0.58 loss per share, including net non-cash expenses of $139.6 million, compared to a GAAP net loss of $65.6 million, or $0.78 loss per share, for FY16, which included non-cash expenses of $128.1 million.
As of December 31, 2017, DexCom had $548.6 million in cash, cash equivalents, and short-term marketable securities.
For the full fiscal year 2018, DexCom is forecasting revenues to be in the range of $830 million to $850 million; gross profit margin to be in the band of 65% to 68%; and GAAP operating expenses, excluding investments into non-intensive programs, to grow 10% versus FY17.
Stock Performance Snapshot
April 09, 2018 - At Monday's closing bell, DexCom's stock slightly rose 0.33%, ending the trading session at $70.38.
Volume traded for the day: 1.30 million shares, which was above the 3-month average volume of 1.20 million shares.
Stock performance in the last month – up 16.91%; previous three-month period – up 32.14%; past six-month period – up 46.62%; and year-to-date – up 22.63%
After yesterday's close, DexCom's market cap was at $6.30 billion.
Price to Earnings (P/E) ratio was at 111.89.
The stock is part of the Healthcare sector, categorized under the Medical Laboratories & Research industry. This sector was up 1.1% at the end of the session.
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