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Stock impact report

DarioHealth Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

DarioHealth Corp. (DRIO) 
NASDAQ:AMEX Investor Relations: dariohealth.com/our-story
Company Research Source: PR Newswire
Full-year 2023 revenue of $20.4 million reflects a decrease from 2022 revenue of $7.3 due to a managed decrease in B2C and strategic milestone revenue as the core B2B2C revenue increased.2023 B2B2C, employers and health plans recurring revenues increased 39% year over year as the core business continues to gain traction.Commercial revenues in 2023 generated majority of the revenue with B2B2C growing from 13% to 25% of total revenue from 2022 to 2023.GAAP operating expenses decreased by 11.2% sequentially from the third quarter of 2023.Non-GAAP operating expenses decreased 9.4% sequentially from the third quarter to $9.9M. Signed multiple customers onto the Aetna platform which subsequently launched in Q1 of 2024.Saw significant interest and multiple employer adoption of the Dario GLP-1 Behavioral Change Program as well as expansions of current customer relationships on the metabolic side.Enhanced path to profitability through improvements across the financial profile on an annual basi Show less Read more
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