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DarioHealth Reports Fourth Quarter and Full Year 2020 Results and Operational Highlights
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Successfully secured multiple accounts in the B2B channel which are already enrolling members and generating revenue
Upright acquisition expands digital therapeutics offering to include musculoskeletal, attracting interest from existing and prospective B2B2C customers
Completed financing with elite healthcare funds provides capital to execute on growth initiatives with cash and cash equivalents of approximately $90 million at closing of the financing
Company to host conference call and webcast 8:30 am ET today.
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NEW YORK, March 9, 2021 /PRNewswire/ DarioHealth Corp. (Nasdaq: DRIO), a pioneer in the global digital therapeutics market, today reported financial results for the fourth quarter and full year 2020 and provided a corporate and commercial update.
DarioHealth Reports Fourth Quarter and Full Year 2020 Results and Operational Highlights
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CHICAGO, March 2, 2021 /PRNewswire/ Vitality Group, a global health and wellness company committed to making people healthier, released the findings of a survey of more than 32,000 of its members on their COVID-19 vaccine views. As part of its education efforts, the organization also launched a global toolkit with resources for employer and insurance clients, members and the broader community. A recent survey of our members found that approximately 30% have not decided or don t plan to get a COVID-19 vaccine, said Christine Brophy, Vice President, Behavior Change for Vitality. Encouraging, educating, and incentivizing people to receive the vaccine is not only a means of fulfilling our mission, but our duty one that can have a tremendous positive impact on public health. Our goal is to look back a year from now and know that we moved the needle for those that were hesitant about getting vaccinated. There is no health crisis more urgent
Discovery shares stumble as Covid hits bottom line
Discovery achieved the following results for the six months ended 31 December 2020:
Net asset value increased by R582m
Total new business API increased 8% to R10 920m
Normalised profit from operations increased 19% to R4 507m
Profit for the period decreased 10% to R1 875m
Gross income of the Group increased 9% to R34 936m
Headline earnings per share decreased 10% to 280.3 cents per share
Earnings per share decreased 10% to 280.2 cents per share
Diluted Embedded value per share decreased 2% to R108.96 per share
Due to the uncertain and potentially volatile economic environment caused by the Covid-19 pandemic, Discovery has not declared an interim ordinary share dividend (2019: interim ordinary dividend of 101 cents per share). The reintroduction of dividends will be considered when appropriate.
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