Dariohealth reports first quarter 2024 financial and operating results

First quarter revenue of $ 5.8 million reflects an increase of 59% over fourth quarter of 2023 primarily resulting from an increase in b2b2c revenues and reflects a decrease of 18.5% compared to the first quarter of 2023 due to milestone driven revenues. core revenue channel b2b2c, employers and health plans recurring revenues in the first quarter totaled $3.47 million, an increase of  176% year over year and 210% sequentially from $1.12 million in the fourth quarter 2023 as the core business continues to gain traction, as well as the addition of twill inc. revenues post february 15 th closing launched the aetna platform generating revenue in q1 2024 as aetna continues to add employers to the platform accelerated path to profitability through growing revenues in the b2b2c channel which represents proforma of $22m in annual recurring revenue ("arr") executing on dario-twill synergies that we expect to reduce operating expenses by 30% by the fourth quarter of 2024 company anticipates reaching a breakeven run rate in the second half of 2025 ended q1 2024 with cash equivalents of $34.7 million company to host investor conference call and webcast at 8:30 a.m.
DRIO Ratings Summary
DRIO Quant Ranking