Exhibit 99.01
Dexcom Reports Fourth Quarter and Fiscal Year 2019 Financial Results

SAN DIEGO, CA - (BUSINESS WIRE-February 13, 2020) - DexCom, Inc. (Nasdaq: DXCM) today reported its financial results as of and for the quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Highlights:

Revenue grew 37% versus the same quarter of the prior year to $462.8 million
U.S. revenue growth of 34% and international revenue growth of 52%
GAAP operating income of $101.5 million or 21.9% of revenue. Non-GAAP operating income* of $103.6 million or 22.4% of revenue
Commenced launch of G6 into Medicare

Full Year 2019 Highlights:

Full year revenue grew 43% versus the prior year to $1,476.0 million
U.S. revenue growth of 42% and international revenue growth of 48%
GAAP operating income of $142.3 million or 9.6% of revenue. Non-GAAP operating income* of $161.3 million or 10.9% of revenue
Doubled G6 sensor manufacturing capacity

“Dexcom sustained its revenue growth momentum in 2019, exceeding 40% growth for the second consecutive year and driving our first full year of GAAP profitability,” said Kevin Sayer, Dexcom’s Chairman, President and CEO. “We have taken significant steps to prepare the business for long-term growth and believe we are well-positioned as we enter 2020.”

2020 Annual Guidance

Dexcom reaffirmed its revenue projection and provided the following gross profit, operating margin, and Adjusted EBITDA margin expectations for full fiscal year 2020:

Revenue of $1.725 billion to $1.775 billion (17% - 20% growth)
Gross profit margin of approximately 64%
Non-GAAP operating margin of approximately 13%
Non-GAAP adjusted EBITDA margin of approximately 23%

Fourth Quarter 2019 Financial Results

Revenue: In the fourth quarter of 2019, worldwide revenue grew 37% to $462.8 million, up from $338.0 million in the fourth quarter of 2018. Volume growth in conjunction with strong new patient additions continues to be the primary driver of revenue growth as awareness of real-time CGM increases.

Gross Profit: Gross profit totaled $309.3 million or 66.8% of sales for the fourth quarter of 2019, compared to $222.8 million or 65.9% of sales in the fourth quarter of 2018.

Operating Income: GAAP operating income for the fourth quarter of 2019 was $101.5 million, compared to a GAAP operating loss of $164.6 million for the fourth quarter of 2018.



The following information was filed by Dexcom Inc (DXCM) on Thursday, February 13, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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