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DarioHealth Reports First Quarter 2021 Results and Operational Highlights


DarioHealth Reports First Quarter 2021 Results and Operational Highlights
USA - English
Announced acquisition of Upright Technologies, expanding into the musculoskeletal and related pain conditions markets
Generated Q1 revenue growth of 73% over Q4 2020 and 116% over Q1 2020, driven by organic growth and consolidation of Upright Technologies revenues effective February 2, 2021
GAAP gross margin was 30.1% in the first quarter, excluding acquisition related amortizations Q1 2021 product gross margin nearly doubled to 44.7% as compared to 24.2% in Q4 2020
Ended the first quarter 2021 with cash and cash equivalents of $81.1 million
Company to host conference call and webcast 8:30 am ET tomorrow.
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DarioHealth Reports Fourth Quarter and Full Year 2020 Results and Operational Highlights


DarioHealth Reports Fourth Quarter and Full Year 2020 Results and Operational Highlights
USA - English
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. ....

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