DexCom, Inc. (DXCM) saw its loss narrow to $18.80 million, or $0.22 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $42.50 million, or $0.53 a share.
Revenue during the quarter surged 41.25 percent to $148.60 million from $105.20 million in the previous year period. Gross margin for the quarter contracted 297 basis points over the previous year period to 68.03 percent. Operating margin for the quarter stood at negative 12.45 percent as compared to a negative 40.30 percent for the previous year period.
Operating loss for the quarter was $18.50 million, compared with an operating loss of $42.40 million in the previous year period.
Working capital increases
DexCom, Inc. has recorded an increase in the working capital over the last year. It stood at $172.50 million as at Sep. 30, 2016, up 19.05 percent or $27.60 million from $144.90 million on Sep. 30, 2015. Current ratio was at 3 as on Sep. 30, 2016, down from 3.46 on Sep. 30, 2015.
Days sales outstanding went down to 38 days for the quarter compared with 44 days for the same period last year.
Days inventory outstanding has decreased to 43 days for the quarter compared with 80 days for the previous year period.
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