Welcome to our dedicated page for DIH Holdings US news (Ticker: DHAI), a resource for investors and traders seeking the latest updates and insights on DIH Holdings US stock.
DIH Holdings US, Inc. (Symbol: DHAI) is a leading solution provider that integrates innovative robotic and virtual reality (VR) technologies with clinical insights to enhance rehabilitative care. DIH’s vision, “Deliver Inspiration & Health,” aims to improve the functionality and quality of life for individuals with disabilities and functional impairments.
With a robust presence in the United States, Germany, Switzerland, and the Netherlands, DIH offers advanced robotic-enabled solutions in augmented and interactive environments. These technologies are designed to streamline clinical workflows and provide more effective treatment plans for patients.
DIH’s recent partnership with OrbiMed, a prominent healthcare investor, marks a significant milestone for the company. This collaboration will provide additional working capital to support DIH's global commercial strategy and growth initiatives. Jason Chen, Chairman and CEO of DIH, expressed his enthusiasm for the partnership and the opportunities it presents for expanding their market reach.
Financially, DIH has demonstrated impressive growth. For the nine months ended December 31, 2023, the company reported a revenue increase of 42% compared to the previous year, totaling $47.1 million. This growth was driven by higher device sales and expanded market penetration in Europe, the Americas, and Asia.
DIH's operational strategies also reflect prudent financial management. Gross profit for the same period increased by 27%, reaching $23.2 million. The company has managed to keep its selling, general, and administrative expenses in check, with a modest increase of 9%, primarily due to costs associated with its business combination with Aurora Technology Acquisition Corp. (ATAK) and its transition to a publicly listed entity.
Research and development (R&D) remains a cornerstone of DIH’s innovation strategy. Although R&D expenses saw a slight decline of 1.8%, DIH continues to invest in personnel and essential development projects to maintain its competitive edge.
DIH’s forward-looking statements highlight the company’s commitment to leveraging its technological advantages to drive future growth. The company’s focus on expanding its rehabilitative care solutions and exploring new market opportunities positions DIH as a transformative player in the healthcare technology sector.
For more information, visit www.dih.com or contact their investor relations team at investor.relations@dih.com.
DIH (NASDAQ:DHAI) has appointed Dietmar Dold as Chief Operating Officer, effective immediately. With over 25 years of operating experience, Dold will lead DIH's multi-group operating strategy, focusing on optimizing manufacturing, sourcing initiatives, and building operations teams. Previously, he served as CEO at Videojet Technologies and held positions at KPMG, Condair Group, Sonova, and Roche Diagnostics. At Air New Zealand, he contributed to tripling the company's value over three years. Dold holds a computer science degree, an Executive MBA, and a Board of Director Diploma from IMD.
DIH Holding US, Inc. (NASDAQ:DHAI) has announced the formation of its Scientific Advisory Board (SAB). The SAB will advise DIH on technical and scientific matters, offer insights into industry trends, provide feedback on product development, and advise on research plans. The board comprises leading scientists and clinicians with expertise in rehabilitation technologies, biomechanics, neuromuscular control, and related fields.
The inaugural SAB members include:
- Paolo Bonato, Ph.D. - Director of Motion Analysis Laboratory at Spaulding Rehabilitation Hospital
- Jonathan Dingwell, Ph.D. - Professor of Kinesiology at Pennsylvania State University
- Alberto Esquenazi, MD - Chief Medical Officer at MossRehab
- Kenneth Meijer, Ph.D. - Professor of Human Movement Sciences at Maastricht University
- Giovanni Morone, MD - Assistant Professor at University of L'Aquila
- David Reinkensmeyer, Ph.D. - Professor at University of California at Irvine
- Robert Riener, Ph.D. - Professor at ETH Zürich
- Melvyn Roerdink, Ph.D. - Associate Professor at Vrije Universiteit Amsterdam
The inaugural meeting took place on September 23rd in Switzerland.
DIH Holding US, Inc. (NASDAQ:DHAI) has appointed Haapsalu Neurological Rehabilitation Center (HNRC) in Estonia as its latest DIH Center of Excellence. HNRC, founded in 1958, is the first such center in the Baltics Region. The center utilizes DIH's advanced robotic rehabilitation technologies, including Hocoma's Lokomat®Pro, Erigo® devices, and Armeo®Spring for comprehensive patient care.
HNRC offers inpatient and outpatient rehabilitation services for children and adults with neurological disorders, combining innovative technologies with clinical expertise. This appointment recognizes HNRC's commitment to integrating cutting-edge solutions into patient care and setting new standards for neurorehabilitation in the region.
DIH Holding US, Inc. (NASDAQ:DHAI) announced financial results for Q1 FY2025 ended June 30, 2024. Key highlights include:
- Revenue of $16.2 million, up 24% year-over-year
- Device revenue of $12.3 million (+18%) and service revenue of $3.5 million (+49%)
- 54% revenue growth in both EMEA and Americas
- Gross Margin improved to 53.5%, up 12 percentage points
- Net loss reduced to $0.6 million, a $2.3 million improvement
DIH reiterated its FY2025 revenue guidance of $74-$77 million, representing 15-20% growth. The company reported strong performance in strategic markets and improved operational efficiency. Cash and cash equivalents totaled $2.7 million as of June 30, 2024.
DIH Holding US, Inc. (NASDAQ:DHAI) reported financial results for fiscal 2024, ending March 31, 2024. Key highlights include:
- Revenue of $64.5 million, up 19% year-over-year
- Device revenue of $51.1 million, up 18%
- Service revenue of $11.1 million, up 20%
- Positive operating cash flow of $5.2 million
- Strategic partnership with B. Temia for exclusive licensing of Keego™ Dermoskeleton in North America
For Q4 2024, revenue decreased 10.2% to $19.4 million due to customer scheduling delays. The company issued $3.3 million in convertible debentures post-fiscal year. For fiscal 2025, DIH projects revenue between $74-77 million, representing 15-20% growth.
DIH announced that Zihlschlacht Rehabilitation Clinic in Switzerland has been appointed as the first DIH Center of Excellence in the country. Established in 1891 and located near Lake Constance, the clinic is renowned for its leadership in treating neurological diseases and pioneering neurorehabilitation efforts. The clinic employs DIH's advanced robotic rehabilitation technologies, including Hocoma's Lokomat®Pro and Andago, and Motek's C-Mill VR+. This recognition highlights Zihlschlacht’s commitment to using innovative technology for neurological care and improving patient outcomes. DIH's Center of Excellence program aims to showcase best practices and support the development of advanced rehabilitation technologies.
DIH Holding has announced a strategic partnership with B-Temia to revolutionize the rehabilitation market by integrating AI-based robotics and smart solutions. The collaboration will incorporate Keeogo Dermoskeleton into DIH's offerings, enabling concurrent therapies for patients in semi-acute and chronic phases. The partnership gives DIH exclusive rights to market Keeogo in Canada, the US, and Mexico, aiming to enhance its product range and industry leadership. DIH plans to validate these innovations in the US market first before global rollout. The partnership seeks to improve patient outcomes through advanced AI and Machine Learning technologies.
DIH Holding US, Inc. announced fiscal 2024 financial results for the nine months ended December 31, 2023. Revenue hit $47.1 million, device revenue surged by 47.3%, gross profit increased by 27.4%, and adjusted EBITDA was $0.5 million. The company reported strong growth driven by increased device sales and expansion into new markets.
FAQ
What is the current stock price of DIH Holdings US (DHAI)?
What is the market cap of DIH Holdings US (DHAI)?
What does DIH Holdings US, Inc. do?
Where does DIH Holdings US, Inc. operate?
What recent partnership has DIH Holdings US, Inc. announced?
What was DIH Holdings US, Inc.'s revenue for the nine months ended December 31, 2023?
How is DIH Holdings US, Inc. managing its expenses?
What is the focus of DIH Holdings US, Inc. going forward?
How has DIH Holdings US, Inc. performed financially?
What is the significance of DIH Holdings US, Inc.'s partnership with OrbiMed?
What types of technologies does DIH Holdings US, Inc. offer?
Who is the CEO of DIH Holdings US, Inc.?
