Strong Client Acquisition and Pipeline Growth
DarioHealth has signed 21 new clients year-to-date, with 80% for multi-condition programs. The pipeline has grown to $53 million, with $5 million in committed annual recurring revenues (CARR) and additional $5 million in late-stage contracting.
Improved Gross Margins and Reduced Operating Expenses
GAAP gross margin increased to 55% from 44% year-over-year. Operating expenses were reduced by 36%, and operating loss was narrowed by 43% year-over-year.
High Retention Rates and Diversified Client Base
DarioHealth reported an 85% client retention rate and has over 100 clients, including health plans, self-insured employers, and pharmaceutical partners.
Strategic Partnerships and Market Expansion
Partnerships with benefit consultants and channel partners like Amwell and Solera have increased access to target employer markets and opened new business opportunities.
AI Integration and Operational Efficiency
DarioHealth is leveraging AI to streamline operations and reduce operating expenses, aiming for a 15% reduction in OpEx over the next 12 to 15 months.