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DarioHealth Reports Strong Second Quarter 2021 Results and Operational Highlights

DarioHealth Reports Strong Second Quarter 2021 Results and Operational Highlights
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DarioHealth Reports First Quarter 2021 Results and Operational Highlights

DarioHealth Reports First Quarter 2021 Results and Operational Highlights
USA - English
Announced acquisition of Upright Technologies, expanding into the musculoskeletal and related pain conditions markets
Generated Q1 revenue growth of 73% over Q4 2020 and 116% over Q1 2020, driven by organic growth and consolidation of Upright Technologies revenues effective February 2, 2021
GAAP gross margin was 30.1% in the first quarter, excluding acquisition related amortizations Q1 2021 product gross margin nearly doubled to 44.7% as compared to 24.2% in Q4 2020
Ended the first quarter 2021 with cash and cash equivalents of $81.1 million
Company to host conference call and webcast 8:30 am ET tomorrow.
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DarioHealth Acquires Musculoskeletal Solution Upright for $31M

DarioHealth Acquires Musculoskeletal Solution Upright for $31M
What You Should Know:
– DarioHealth, a Livongo competitor acquires musculoskeletal startup Upright for $31 million to expand their chronic condition management capabilities focused on driving behavior change rather than treating the acute problem. This move will more than double revenue and create one of the largest integrated digital health companies in the space.
In addition, DarioHealth rasiess $70 million through a private placement of its common stock priced at the market pursuant to Nasdaq rules.
DarioHealth Corp, a provider of global digital therapeutics (DTx) market, announced it has reached a definitive agreement to acquire digital musculoskeletal (MSK) company Upright Technologies Ltd. for $31M in stock transaction. The acquisition will expand its chronic condition portfolio, currently including self-management of diabetes and hypertension, into musculoskeletal conditions. ....

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Digital therapeutics co Dario raises $70m, buys Upright

Digital therapeutics co Dario raises $70m, buys Upright
DarioHealth is paying $31 million to add Upright s musculoskeletal solution to its digital therapeutic platform.
Israeli digital therapeutics company DarioHealth Corp. (Nasdaq: DRIO) announced today the signing of a definitive agreement to acquire digital musculoskeletal (MSK) company Upright Technologies Ltd. in a stock transaction. Dario is adding Upright s MSK solution to its digital therapeutic platform, which is one of the most comprehensive multi-chronic condition platforms in the market with 150,000 users.
Dario is paying $31 million for Upright with $29.5 paid in stock and $1.5 million in cash, after deducting outstanding debt and making working capital adjustments. ....

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DarioHealth Announces Acquisition of Leading Digital Musculoskeletal Company Upright Technologies and $70 Million Financing

DarioHealth Announces Acquisition of Leading Digital Musculoskeletal Company Upright Technologies and $70 Million Financing
USA - English
Expands DarioHealth s multi-condition platform into the $213 billion musculoskeletal market and creates one of the most comprehensive digital health platforms
Financing supported by leading health care focused institutional investors, including Nantahala Capital Management, LLC, Perceptive Advisors, Driehaus Capital Management, Farallon Capital Management, Pura Vida Investments, and others priced at market pursuant to Nasdaq rules
Increases membership to more than 150,000 and combined proforma 2020 full-year revenue to more than $20 million
Company to host a conference call today, January 27, 2021, at 8:30 am ET
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