The following is a summary of the DarioHealth Corp. (DRIO) Q1 2024 Earnings Call Transcript:

Financial Performance:

• DarioHealth achieved an annual run rate of $31 million in Q1 2024, with B2B2C business accounting for approximately $22 million.

• The B2B2C revenue stream has margins above 75% and is forecasted to exceed 80%.

• Operational efficiencies from the Twill acquisition have positioned DarioHealth closer to profitability.

• The B2C business generated around $2 million, while the commercial strategic revenue stream recorded about $500,000 in revenues for Q1.

• DarioHealth anticipates reaching breakeven by the second half of 2025.

Business Progress:

• By Q1 2024, the B2B2C business channel became Dario's primary revenue stream, making up around 71% of its pro forma revenues.

• The Aetna platform, new customer launches, and expanding contracts have significantly contributed to growth.

• Dario's strong clientele includes three of the top eight national health plans, large national employers, and key pharma companies.

• The Dario-Twill merger is expected to deliver above anticipated efficiencies, predicted to achieve over 30% by year end.

• Broader product offerings from the acquisition of Twill are driving increased demand and contract signings.

• Dario has started using generative AI and microservices for drug discovery and improving consumer engagement and personalization.

• Dario has plans in place to achieve a goal of 80% gross margins on its combined business.

More details: DarioHealth IR

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