Jason Napodano, CFA
Research analyst, medium-term horizon, biotech, small-cap

Update On Dario Launch And Progress

In March 2014, LabStyle Innovations (NASDAQ:DRIO) made its initial shipments to distributors for the soft launch of the Dario device in Italy, New Zealand, and the United Kingdom. The company did not book any revenues in the first quarter ending March 2014; however, considering the shipment to distributors in March, we are expecting the company to report small revenues or deferred revenues for the quarter ending June 30, 2014.

In June 2014, LabStyle put out a brief press release updating investors on the status of the soft launch. The initial goal for the soft launch was 3,000 Dario units to be delivered by the end of July 2014. According to management, they are on track to meet or...

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