DarioHealth GAAP EPS of -$0.08 beats by $0.48, revenue of $6.26M misses by $1.66M

Aug. 08, 2024 6:33 AM ETDarioHealth Corp. (DRIO) StockBy: Deepa Sarvaiya, SA News Editor
  • DarioHealth press release (NASDAQ:DRIO): Q2 GAAP EPS of -$0.08 beats by $0.48.
  • Revenue of $6.26M (+1.8% Y/Y) misses by $1.66M.
  • Q2 revenue of $6.26 million reflects an increase of 8.6% over Q1 2024, and an increase of 1.7% over Q2 of 2023, driven primarily by increased B2B2C revenues
  • Company expects to reach cashflow breakeven by the end of 2025
  • Ended Q2 2024 with cash equivalents of $22.9 million

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