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Stock impact report

DarioHealth Reports Fourth Quarter and Full year 2024 Financial and Operating Results

DarioHealth Corp. (DRIO) 
NASDAQ:AMEX Investor Relations: dariohealth.com/our-story
Company Research Source: PR Newswire
Full-year 2024 revenue increased by 32.9% to $27.0 million from $20.4 million revenue in 2023.Revenue growth driven by B2B2C channel including employers and health plans resulting in recurring revenues which increased by 300% year over year as core business continues to gain traction.Completed $25.6 million equity financing, resulting in a $34.5 million proforma cash balance as of year-end; proforma balance expected to fund operations through operational cash flow breakeven run rate by the end of 2025 with a larger cushion.Revenue growth and efficient post-merger integration resulted in a decrease in operating loss in the quarter ended December 31, 2024, of 35% to $11.7 million on a GAAP basis and by 24% to $6.9 million on a non-GAAP basis compared to the quarter ended March 31, 2024.Company expects to realize an additional 20% reduction in operating expenses between the fourth quarter of 2024 and the fourth quarter of 2025 through further post-merger consolidation and implementation Show less Read more
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