DarioHealth (NASDAQ: DRIO), a leader in the global digital therapeutics (“DTx”) market, today announced financial results for the first quarter 2023 and provided a corporate and commercial update. “During the first quarter, we continued to improve the financial profile of the company as we capitalized on the growing demand for digital health solutions in the employer and health plan markets,” said Dario’s CEO Erez Raphael. “We generated sequential growth in revenue, improved gross margins and reduced operating expenses as our new business model matures. The strategic shift continues to yield results as we reduced our operating loss and net loss by 21.8% and 21.6% respectively, as compared to the first quarter of 2022, reflecting the higher profitability of the commercial channel.”
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About DarioHealth Corp.
DarioHealth is a leading digital health company, revolutionizing how people with chronic conditions manage their health through a user-centric, multi-chronic condition digital therapeutics platform. Its platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain and behavioral health. Dario’s user-centric platform offers people continuous and customized care for their health, disrupting the traditional episodic approach to health care. This approach empowers people to holistically adapt their lifestyles for sustainable behavior change, driving exceptional user satisfaction, retention and results and making the right thing to do the easy thing to do. Dario provides its highly user-rated solutions globally to health plans and other payers, self-insured employers, providers of care and consumers. To learn more about Dario and its digital health solutions, or for more information, visit www.DarioHealth.com.
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