DarioHealth falls after Q1 revenue misses estimates

DarioHealth

15/05/2024 15:02

** Shares of health management services provider DarioHealth
 DRIO.O  fall 6.7% to $1.62 
    ** Co reports 18.5% fall in Q1 revenue to $5.76 mln, missing
analysts' avg. est. of $6.76 mln - LSEG data
    ** But posts smaller-than-expected loss of 20 cents/share
for quarter ended March 31, vs analysts' est. of 41 cents
    ** DRIO provides cloud-based solution for range of chronic
conditions, apart from products such as blood pressure
monitoring system and blood glucose monitoring kit
    ** Co ends Q1 with cash equivalents of $34.70 mln
    ** Including session's fall, stock down more than 4% YTD

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))