MobiHealth News May 13, 2022
Also: Baby tech company Owlet and diagnostics-focused Cue Health plan submitting for regulatory clearances this year.
Digital chronic condition management company DarioHealth posted a net loss of $15.9 million in the first quarter, slightly higher than the $15 million net loss from Q1 last year. But the company beat its revenue expectations with $8.06 million, a 124% increase from last year.
Total operating expenses were $19.9 million, compared with $15.4 million in Q1 2021 and $22.2 million during the fourth quarter last year. Dario noted the decrease from Q4 came from lowering its direct-to-consumer marketing spend.
In an earnings call, Rick Anderson, president and general manager for North America, said Dario was in the midst of implementing its...