DarioHealth reports Q3 EPS ($2.96), consensus ($2.42)

Reports Q3 revenue $5.01M, consensus $5.67M. “As we execute a powerful transition to a high-margin recurring revenue model built on high-quality, long-term contracts generating 60% GAAP and 80%-plus non-GAAP gross margins, Dario’s financials are significantly improving as evidenced by continued gross margin expansion, declines in operating expenses, and a robust balance sheet. We believe we are on a solid path to profitability,” stated Erez Raphael, CEO of Dario. “While revenue declined during this transition, mainly due to our focus on a high-margin, annual recurring revenue model, our multi-condition platform is garnering strong traction with large insurers and with employers that are two to ten-times larger than our historical client size.”