Financial PerformanceOne-time non-cash charges are weighing on 4Q/2024 gross margins, with full-year margins now expected at 62% compared to the prior 63%.
Market ShareDXCM lost incremental market share in the DME channel vs. 2Q24, contributing to a 2% y/y decline in revenue in the US.
Revenue DeclineDXCM's 2% U.S. revenue decline in 3Q was several points worse than us/Street, and with U.S. price/mix headwinds spiking to an all-time high, it could be at least several quarters before DXCM's U.S growth returns to double-digits.