Dariohealth Corp Stock Price, News & Analysis

DarioHealth Corp. (Nasdaq: DRIO) presented two clinical studies at the ATTD 2023 conference, highlighting its digital-first chronic care solution's effectiveness. One study focused on Type 2 diabetes, demonstrating an 18% reduction in blood glucose levels among users engaged with a coach compared to 11% for those without coaching. The second study revealed that older adults experienced a 31% reduction in level 1 hypoglycemic events and a 53% reduction in level 2 events after 6 months of using Dario's platform. These results emphasize the potential of combining human coaching with digital interventions for improved health outcomes.

DarioHealth Corp. (Nasdaq: DRIO) announced its participation in the Cowen 43rd Annual Healthcare Conference, scheduled for March 6-8, 2023, at the Boston Marriott Copley Place. CEO Erez Raphael and President Rick Anderson will engage in a fireside chat on March 6 from 10:30 to 11:00 AM ET. A live webcast will be available at this link and on DarioHealth's Investor Relations website, with a replay accessible for 90 days post-event. DarioHealth specializes in digital therapeutics, addressing chronic conditions through a comprehensive AI-powered platform.

DarioHealth Corp. (Nasdaq: DRIO) announced the appointment of Jon Kaplan as a board member. Kaplan, a Senior Partner at Boston Consulting Group, brings extensive experience in healthcare strategy and transformation. His previous advisory roles at digital health companies enhance his credentials. CEO Erez Raphael expressed confidence in Kaplan's ability to foster strategic relationships for long-term growth. Kaplan highlighted the company's timely shift towards multi-chronic digital healthcare amidst growing demand for scalable solutions. This appointment is seen as pivotal for Dario's future in the digital therapeutics market.

DarioHealth Corp. (Nasdaq: DRIO) has announced a partnership with Dexcom (Nasdaq: DXCM) to integrate continuous glucose monitoring (CGM) data into its digital therapeutics platform. This integration aims to enhance access to Dario's multi-chronic condition management solutions for diabetes patients. With nearly two million users of CGMs, the collaboration is expected to provide personalized support through real-time glucose data. This follows Dario's strategic agreement with Sanofi US, further expanding its digital health ecosystem. The initiative highlights Dario's commitment to enhancing the user experience and meeting market demand for integrated health solutions.

DarioHealth Corp. (NASDAQ: DRIO) announced preliminary unaudited revenue results for 2022, projecting total revenue of $27.5 million, up from $20.5 million in 2021. The shift from Business-to-Consumer (B2C) to Business-to-Business (B2B) is highlighted, with B2B expected to account for 60% of revenue in 2022, a significant increase from 4% in 2021. Operating loss was reduced by over 50% compared to Q4 2021. The company finished 2022 with $49.3 million in cash and begins quarterly payments of $1.5 million on its credit facility with Orbimed in January 2023. Final audited results may differ from preliminary estimates.

DarioHealth Corp. (NASDAQ: DRIO) announced the hiring of Matt Alberico as Senior Vice President of Growth to accelerate growth opportunities in the digital therapeutics market. Alberico previously drove customer growth at Amazon Care, Cigna, and Aetna. His extensive sales strategy experience is expected to help Dario capitalize on increasing market demand for integrated health solutions, following the signing of their 100^th contract. Additionally, Alberico received stock options totaling 100,000 shares at an exercise price of $5.97, vesting over a three-year period.

DarioHealth Corp. (Nasdaq: DRIO) announced new research published in Applied Sciences demonstrating improved diabetes outcomes across racial and ethnic groups. The study analyzed data from 1,000 Type 2 diabetes users over 12 months, showing a 14% reduction in average blood glucose for White users and a 15% reduction for Black, Latino, and Asian users. The findings indicate that Dario's digital therapeutics platform effectively engages users without racial disparities in outcomes and emphasizes the company's commitment to addressing health inequities through digital health solutions.

DarioHealth Corp. (NASDAQ: DRIO) announced a partnership with a major Northeast supermarket chain to enhance employees' cardiometabolic health starting in Q1 2023. This contract marks Dario's achievement of 100 enterprise contracts, validating its strategic position in the digital therapeutics market. The suite focuses on managing diabetes, hypertension, and weight management via integrated solutions. The Company anticipates growth due to increasing demand for multi-condition solutions from enterprise customers.

DarioHealth Corp. (NASDAQ: DRIO) announced a study published in Frontiers in Physiology on Dec. 19, 2022, showcasing its musculoskeletal solution's effectiveness in alleviating back pain. The research analyzed data from 981 users over eight weeks, revealing a 50% average reduction in pain, with 60% of users reporting significant relief after four weeks. The device offers real-time biofeedback to improve posture, resulting in better pain management. Dario's commitment to changing health management behaviors through innovative technology is emphasized, showing potential for chronic pain treatment.