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Monday, 10/28/2019 8:38:41 AM

Monday, October 28, 2019 8:38:41 AM

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$DRIO Financial Results for the Nine Months Ended September 30, 2019:

Revenue for the nine months ended September 30, 2019 was $5.76 million, a 1.2% increase from $5.69 million for the nine months ended September 30, 2018.

Gross profit of $1.76 million was recorded for the nine months ended September 30, 2019, an increase of 14%, or $215,000, compared to gross profit of $1.54 million for the nine months ended September 30, 2018.

Operating loss for the nine months ended September 30, 2019 increased by $762,000 to $13.5 million, compared to a $12.8 million operating loss for the nine months ended September 30, 2018.

Net loss attributable to holders of common stock increased by $743,000 to $13.56 million for the nine months ended September 30, 2019, as compared to $12.82 million for the nine months ended September 30, 2018.

Non-GAAP billings for the nine months ended September 30, 2019 were $6.34 million, a 4.2% increase from $6.08 million in the nine months ended September 30, 2019. A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

A Company investor presentation is available at: http://mydario.investorroom.com/



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