DarioHealth Reports Third Quarter 2024 Financial and Operating Results
DarioHealth Corp. (DRIO)
NASDAQ:AMEX Investor Relations:
dariohealth.com/our-story
Company Research
Source: PR Newswire
Demonstrated strong improvements in financial performance and business momentum.Q3 revenue of $7.42 million increased 18.7% over Q2 2024 and 111% compared to Q3 2023, driven by expansion of B2B2C revenues.Q3 operating loss decreased sequentially by 25.7% to $12 million on a GAAP basis and by 33.3% to $7.1 million on a non-GAAP basis over Q2 2024.Executed synergies from the Dario-Twill merger, expected to reduce operating expenses by approximately 38% by Q1 2025 (compared to Q1 2024) and contributing to an expected 49% reduction in operating losses by Q1 2025 and 59% in non-GAAP operating losses.Significant wins include: 10 B2B2C clients, including a national Medicare advantage health plan, a regional Medicaid health plan, and a global leading pharma company.Made significant progress in transforming the pharma/medical device channel into a platform-based recurring revenue model by securing two new deals, including one with one of the top six global pharma companies.Dario remains on tra
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DRIO
News
- Dario Signs Four New Employer Contracts Across Full Product Suite [Yahoo! Finance]Yahoo! Finance
- Dario Signs Four New Employer Contracts Across Full Product SuitePR Newswire
- DarioHealth Corp (DRIO) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Dario Expands Pharma Collaborations with Global Pharma Leader to Enhance User EngagementPR Newswire
- Dario Signs New Regional Health Plan, Expanding Reach in Medicaid PopulationPR Newswire
DRIO
Earnings
- 11/7/24 - Beat
DRIO
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form 4
- 11/7/24 - Form 10-Q
- DRIO's page on the SEC website