DarioHealth (DRIO) Reports Q3 Loss of $0.17, Revenues Miss

DarioHealth (NASDAQ: DRIO) reported Q3 EPS of ($0.17), versus $0.00 reported last year. Revenue for the quarter came in at $1.88 million versus the consensus estimate of $2.06 million.

"We are excited to report that in the third quarter of 2018 we increased revenues by 37% compared to the third quarter of 2017, and in addition we have recorded an additional $335,000 in deferred revenues. This quarter represents a shift of our business from selling devices and disposables, into our digital health membership offering which provides higher margins. The deferred revenues are driven by our recently launched annual membership plan," stated Erez Raphael, CEO of DarioHealth.

For earnings history and earnings-related data on DarioHealth (DRIO) click here.

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