DarioHealth (DRIO) Tops Q1 EPS by 8c
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DarioHealth Reports First Quarter Financial and Operating Results
May 11, 2023 6:30 AM EDTSequential quarterly growth in revenue to $7.07 millionGross profit margin improving to 44.8% sequentially in the first quarter of 2023, up from 40.1% of revenues in the fourth quarter of 2022Non-GAAP gross margin was 60.1% of revenues for the first quarter of 2023, up from 58.1% of revenues in the fourth quarter of 2022Reduced cash used in operating activities in the first quarter to only $4.76 millionFurther reduced net loss to $12.8 million in Q1 2023, versus $15.9 million in Q1 2022, and $12.6 million in Q4... More
