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DarioHealth Corp. (NASDAQ: DRIO) is a leading digital health company revolutionizing how people with chronic conditions manage their health through a user-centric multi-chronic condition digital therapeutics platform. Dario's platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health.
DarioHealth's holistic approach offers continuous and customized care, disrupting the traditional episodic approach to healthcare. The company empowers people to adapt their lifestyles for sustainable behavior change, driving exceptional satisfaction, retention, and results. Dario's solutions are globally available to health plans, self-insured employers, care providers, and consumers.
One of DarioHealth's latest achievements includes the acquisition of Twill, Inc., a move that nearly doubles its pro forma revenues for 2023 and enhances its ability to deliver comprehensive digital health solutions. The integration of Twill is expected to create immediate scale, boost gross margins to approximately 80-85% by 2025, and accelerate the path to profitability through significant cost synergies.
Recent news highlights include Dario's partnership with Blue Shield of California to make its award-winning digital health platform, Wellvolution, more accessible to Spanish speakers. This initiative aims to close care gaps in underserved communities by offering personalized solutions for hypertension, diabetes, weight management, and mental health support. Additionally, Dario announced a new contract to provide its cardiometabolic solution to a regional union, further expanding its presence in the public and labor sectors.
DarioHealth's clinical research continuously demonstrates the efficacy of its digital solutions. For instance, a recent study published in the Journal of Internet Medicine (JMIR) showed significant reductions in blood glucose levels and BMI for members using Dario's weight monitoring features. Other studies presented at the 17th International Conference on Advanced Technologies and Treatments for Diabetes highlighted the company's ability to deliver improved health outcomes through integrated solutions.
Financially, DarioHealth reported strong performance in Q1 2024, with revenues of $5.8 million driven by growth in its Business-to-Business-to-Consumer (B2B2C) model. The company continues to launch new customer partnerships and expects further revenue growth throughout 2024.
With a strong cash position and ongoing innovation, DarioHealth is well-prepared to execute its strategy and solidify its leadership in the digital health space.
DarioHealth Corp. (Nasdaq: DRIO) reported a strong Q1 2022, posting revenues of $8.06 million, a 124% increase year-over-year and a 34% rise sequentially. Gross margins expanded to 49.4% (GAAP) and 61% (non-GAAP). The company added 14 new B2B accounts, including two health plans, and secured a $30 million agreement with Sanofi to enhance its market outreach. Despite an operating loss of $15.9 million, DarioHealth improved its financial position by reducing operating costs and marketing expenses, indicating a positive trend in its B2B transformation.
DarioHealth Corp. (Nasdaq: DRIO) will announce its financial results for Q1 2022 on May 12, 2022, hosting a conference call and webcast at 8:30 am ET. Key executives, including CEO Erez Raphael, will lead the discussion. Interested participants can join via dial-in or the provided webcast link. A replay will be available after the call until June 12, 2022. DarioHealth specializes in digital therapeutics for chronic conditions, offering an innovative platform that integrates multiple health solutions.
DarioHealth Corp. (Nasdaq: DRIO) showcased a study at the ATTD Conference revealing effective diabetes and weight management outcomes via its integrated digital therapeutics platform. Analyzing data from 715 individuals, nearly two-thirds reduced their BMI by an average of 2.8 units and achieved a 7.4% weight loss. A subgroup with high-risk blood glucose levels experienced a 4.9% weight loss and a 16.1% reduction in blood glucose over 12 months. This study underscores Dario’s holistic approach, which could significantly impact chronic condition management.
DarioHealth Corp. (Nasdaq: DRIO) has announced a partnership with Colorado Access, the largest public sector health plan in Colorado, to enhance digital chronic condition management for underserved populations. Starting in Q2 2022, Dario will provide integrated solutions for members managing diabetes, hypertension, weight, and behavioral health needs. This collaboration aims to deliver personalized care using Dario's comprehensive digital therapeutics platform, combining tools, devices, and coaching. The partnership reflects a growing recognition of the importance of digital health in improving member outcomes.
DarioHealth Corp. (Nasdaq: DRIO) reported a substantial revenue increase of 171%, reaching $20.5 million for 2021, driven by its B2B growth and acquisitions. The fourth quarter saw a revenue rise to $6.03 million, a 190% year-on-year increase. However, gross profit as a percentage declined to 9.1%. Operating expenses surged to $22.2 million, leading to an operating loss of $21.7 million. A notable collaboration with Sanofi aims to enhance market presence. Cash reserves stood at $35.8 million, supplemented by a $40 million raise in March 2022 to support ongoing strategic initiatives.
DarioHealth Corp. (Nasdaq: DRIO) will release its financial results for the fourth quarter and full year ended December 31, 2021, on March 21, 2022, post-market close. A conference call will be held on March 22, 2022, at 8:30 am EDT, featuring CEO Erez Raphael and other executives. Participants should join 10 minutes early, with a replay available until April 22, 2022. DarioHealth focuses on digital therapeutics to manage chronic conditions through AI-powered tools and personalized experiences.
DarioHealth Corp. (Nasdaq: DRIO) will participate in the Cowen 42nd Annual Healthcare Conference virtually from March 7-9, 2022. CEO Erez Raphael and President Rick Anderson will hold a fireside chat on March 8 from 11:10-11:40 AM ET. A live webcast will be available here and on their Investor Relations website, with a replay accessible for 90 days. DarioHealth specializes in digital therapeutics, providing solutions for chronic conditions and promoting health improvements through AI-driven, personalized platforms.
DarioHealth Corp. (Nasdaq: DRIO) has announced a strategic agreement with Sanofi U.S., valued at $30 million. This multi-year contract aims to enhance the commercial adoption of Dario's digital therapeutics and expand digital health solutions on its platform. The collaboration will significantly increase Dario's market reach in health plans and employers. Dario will leverage its comprehensive digital therapeutics to help manage chronic conditions, aligning with Sanofi’s goal to integrate healthcare and technology for chronic disease management.
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