DarioHealth (DRIO) Reports Q1 Revenue of $8.06M, Net Loss of $9.9M
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DarioHealth Reports Record Quarterly Revenues in its 2022 First Quarter
May 12, 2022 6:30 AM EDTTotal Q1 revenue of $8.06 million increased 124% over the comparable prior year period and 34% sequentially over Q4 2021
Accelerated Business-to-Business (B2B) transformation with 14 new B2B accounts in Q1 2022, including two health plans
Expanded GAAP gross margin to 49.4% and non-GAAP gross margin to 61%
Improved overall financial profile with increasing B2B revenue and reduced operating costs as B2B business matures resulting in a lower net loss compared to Q4 2021
Company to host conference call and webcast 8:30 am ET... More
