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| ITEM 2.02. | RESULTS OF OPERATIONS AND FINANCIAL CONDITION. |
In connection with remarks to be made at the J.P. Morgan 41st Annual Healthcare Conference on Monday, January 9, 2023, beginning at 10:30 a.m. (Eastern Time), DexCom, Inc. (“Dexcom”) Chairman, President and Chief Executive Officer Kevin Sayer will report that preliminary, unaudited revenue for the fourth quarter ended December 31, 2022 is expected to be at least $815 million, an increase of 17% over the fourth quarter of 2021. For fiscal year 2022, total preliminary, unaudited revenue is expected to be approximately $2.91 billion, an increase of more than 19% over 2021.
Finally, Mr. Sayer will provide Dexcom’s initial financial outlook for fiscal year 2023, including an anticipated range for total revenue of approximately $3.35 billion to $3.49 billion.
The fourth quarter and fiscal year 2022 preliminary unaudited financial results contained in Mr. Sayer’s presentation and in this Current Report on Form 8-K are subject to finalization in connection with the preparation of Dexcom’s Annual Report on Form 10-K for the twelve months ended December 31, 2022. This Current Report on Form 8-K contains, and Mr. Sayer’s presentation on January 9, 2023 will contain, forward-looking statements concerning Dexcom’s or its management’s intentions, beliefs, expectations and strategies for the future, including those related to Dexcom’s preliminary, unaudited revenue for the fourth quarter and the full fiscal year 2022, estimated total revenue for fiscal 2023, Non-GAAP Gross Profit Margin and Non-GAAP Operating Margin, for fiscal year 2023, as well as expected growth rates as compared to the year ended December 31, 2021. Because such statements deal with future events, they are subject to various risks and uncertainties. The risks and uncertainties that may cause actual results to differ materially from Dexcom’s current expectations are more fully described in Dexcom’s Annual Report on Form 10-K for the period ended December 31, 2021, as filed with the Securities and Exchange Commission on February 14, 2022, its most recent Quarterly Report on Form 10-Q for the period ended September 30, 2022, as filed with the Securities and Exchange Commission on October 27, 2022, and its other reports, each as filed with the Securities and Exchange Commission. All forward-looking statements and reasons why results might differ included in this Current Report on Form 8-K are made as of the date of this Current Report on Form 8-K, based on information currently available to Dexcom. Should one or more of these risks or uncertainties materialize, or should any of Dexcom’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Dexcom undertakes no obligation to publicly update or revise any forward-looking statements or reasons why results might differ.
In connection with Mr. Sayer’s presentation, on January 9, 2023, Dexcom issued a press release announcing preliminary, unaudited revenue for the fourth quarter of 2022 and fiscal year 2022, initial financial outlook for fiscal year 2023, and certain other information, which is attached here as Exhibit 99.1.
The information in this Item 2.02, including Exhibit 99.1 hereto, is furnished shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section. The information contained herein and in the accompanying exhibit is not incorporated by reference in any filing of Dexcom under the Securities Act of 1933 or the Exchange Act, whether made before or after the date hereof except as shall be expressly set forth by specific reference in such a filing.