PubicWire – DRIO Jumps 161% in Sequential Quarters

Dario’s proprietary smartphone platform for comprehensive diabetes management with iOS and Android compatibility may aid in the latest news on (TICKER:) DRIO. 161% jump in sequential quarterly revenues, a Canada launch of Dario from majority health plans as well as U.S. FDA clearance in the coming months spells a good business model for key investors.

Diabetes Management Company with 161% Jump in Sequential Quarterly Revenues – Look at DRIO

Take a Look at LabStyle Innovations Corp.

A Comprehensive Digital Glucose Measurement and Disease Management Tool Set that Improved the Lives of People with and at Risk for Diabetes.

Image: http://www.publicwire.com/wp-content/uploads/2015/08/dario_drio.png

Ticker: DRIO

Website: www.mydario.com

Key Investor Points:

• Dario provides a proprietary smartphone-based platform for comprehensive diabetes management with iOS and Android compatibility.

• Dario has Proven Usability and High Accuracy coupled with coaching, feedback and predictive analytics delivers significant benefits to patients and HC systems.

• Growing list of accessible markets via CE Mark, Health Canada, Australia TGA with expected FDA clearance in 2015.

• Business model delivers multiple recurring revenue drivers.

Latest news on DRIO:

• 161% jump in sequential quarterly revenues in Q2-15

• 77% increase in shipments to distributors and customers in Q2-15 over Q1-15

• Dario launches in Canada with reimbursement from majority health plans

• U.S. General Manager appointed in anticipation of FDA clearance in the coming months

Management Objectives moving ahead:

• Continuing revenue growth momentum from Dario product and software sales to current and new customers

• U.S. market launch expected in the coming months following anticipated FDA clearance for the Dario; U.S. is largest addressable market in the world

• Market launches expected in additional strategic territories

• Pursuing regulatory approval and reimbursement in additional markets

• Signing additional strategic deals with healthcare providers and HMOs to monetize cloud-based data services

• Continuous improvement of margins via volume-driven cost reductions

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“LabStyle Innovations Corp. DARIO | Ticker: DRIO”

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ReleaseID: 35946