DarioHealth Corp (DRIO)

[ProfitScout]

Today's financial results for DRIO are impressive and again confirm that management has this company in the right track and is moving the business plan successfully forward in both the immediate time frame and in the long term strategic perspective.

Note the comments from the company's CEO in the news:

CEO, Erez Raphael, stated, "In the third quarter, we believe that we produced tangible evidence that broadening our focus from the direct-to-consumer (D2C) channel alone to include the B2B channel is working well. We grew Dario's top-line while significantly improving gross margins and reducing losses. This quarter's performance also highlights the potential of our high margin SaaS oriented membership program. As previously mentioned, the resulting benefits of this B2B channel focus are measurable in terms of larger patient adoption, more certain revenue streams and lower customer acquisition costs.