- Third quarter total revenue of $3.52 million compared to $6.6 million in the third quarter of 2022, impacted mainly by lower commercial strategic partners revenues in the quarter of $209,000 as compared to $3.1 million in Q3 2022.
- Third quarter 2023 commercial B2B2C revenues from monthly recurring revenues derived from employers and health plans is up 19.3% over third quarter 2022; nine months YTD up 57% over comparable period in 2022.
- Aetna on track to launch its Dario powered behavioral health platform in the first quarter of 2024, with multiple employers already committed to the platform.
- Expanded our relationship with Aetna behavioral health to replace an existing vendor and add more than $1 million annual recurring revenues beginning in the first quarter of 2024.
- Expanded our relationship with an existing regional plan from our hypertension solution to now also include diabetes.
- Anticipate adding 15 new customers to Dario's platform in the first quarter of 2024.
- Announced a new agreement with PlanSource, a leading provider of cloud-based benefits administration and engagement technology, to offer Dario's full suite of digital health solutions to more than five million consumers.
- Introduced a new GLP-1 Behavioral Change Program to help members realize the transformational power of GLP-1s and other anti-obesity medications while also helping Dario's customers gain better insights on the impact of these medications across their populations.
- Cash and cash equivalents balance as of the end of the third quarter of 2023 of $44 million.
- Company to host investor conference call and webcast at 8:30 a.m. ET today.
Conference Call Details: Thursday, November 2, 8:30am ET
Dial-in: 1-888-886-7786 (domestic) or 1-416-764-8658 (international)
Participants can use Guest dial-in #s above and be answered by an operator OR click the Call me™ link for instant telephone access to the event. This link will be made active 15 minutes prior to scheduled start time.
Conference title: DarioHealth Corp. – Third Quarter 2023 Results Call
Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1634656&tp_key=1861f55312
Participants are asked to dial-in approximately 10 minutes prior to the start of the event. A replay of the call will be available approximately two hours after completion through Saturday, December 2, 2023. To listen to the replay, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and use replay passcode 68054211.
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