DarioHealth Reports Fourth Quarter and Full year 2024 Financial and Operating Results

About this update from Dariohealth Corp.

[{"type":"list","items":[{"val":[{"type":"text","content":"Full-year 2024 revenue increased by 32.9% to $27.0 million from $20.4 million revenue in 2023.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue growth driven by B2B2C channel including employers and health plans resulting in recurring revenues which increased by 300% year over year as core business continues to gain traction.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Completed $25.6 million equity financing, resulting in a $34.5 million proforma cash balance as of year-end; proforma balance expected to fund operations through operational cash flow breakeven run rate by the end of 2025 with a larger cushion.","length":249,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue growth and efficient post-merger integration resulted in a decrease in operating loss in the quarter ended December 31, 2024, of 35% to $11.7 million on a GAAP basis and by 24% to $6.9 million on a non-GAAP basis compared to the quarter ended March 31, 2024.","length":266,"tagName":"p"}]},{"val":[{"type":"text","content":"Company expects to realize an additional 20% reduction in operating expenses between the fourth quarter of 2024 and the fourth quarter of 2025 through further post-merger consolidation and implementation of AI tools across the organization.","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"Advancements in Dario's AI-powered platform and expansion post-Twill acquisition have created one of the most comprehensive product portfolios in the industry, aligning with the market consolidation and shift towards whole-person care as well as GLP-1 cost management.","length":277,"tagName":"p"}]},{"val":[{"type":"text","content":"2024 growth in B2B2C channel included 36 new employers and health plans client wins, bringing the total client base to 83; forecasting 50% net client growth in 2025.","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"Dario will host an investor conference call and webcast at 8:30 a.m. ET today.","length":78,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1565,"olType":false},{"type":"text","content":"NEW YORK, March 10, 2025 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the global digital health market, today announced its f...

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