Post by magnus123 on Nov 19, 2020 17:14:28 GMT
I bought a first position in DRIO earlier this week in the higher 12s. I really like the company and their business model. A lot of potential, definitely.
Copy & Paste from the website:
DarioHealth Corp. is a leading global digital therapeutics company revolutionizing the management of chronic conditions.
DarioHealth’s novel digital solutions platform empowers individuals managing pre-diabetes, diabetes, obesity, and hypertension to adjust their lifestyle and health choices to best manage their chronic condition. DarioHealth captures, monitors and communicates personalized health data and metrics to our users using precision data analytics to interpret their data and provide high quality digital and personalized coaching that help users make the best choices for their health.
DarioHealth’s cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver seamlessly integrated and highly engaging digital therapeutics interventions.
DarioHealth is one of the highest rated diabetes solutions and its user-centric approach is loved by tens of thousands of customers around the globe.
DarioHealth is rapidly expanding its solutions for additional chronic conditions, including hypertension, while penetrating new sales channels and moving into new geographic markets.
It's all about diabetes and the to manage the disease with software and hardware from Dario. Dario is selling prescription based memberships for the diabetes program. The most popular option comes at a price of $33/Month. Pariticipants also need to buy test Strips for blood glucose measuring, which is also not very cheap. A nice recurring revenue stream from the membership + Strips.
Dario is also engaged in blood pressure monitoring.
shop.mydario.com/
Everything works with the Dario App, which has in Google Play Store more than 100k downloads and very positive feedback.
The key is now that it's mostly individuals who are buying a membership etc. A contract with a big health plan might be in the cards for Q4. A big potential catalyst.
Market cap is just appr. $100M currently.
dariohealth.investorroom.com/2020-11-04-DarioHealth-to-Report-Financial-Results-for-the-Third-Quarter-2020-on-November-12
The last quarter was good with revenues of $2.04 million. They are still at an early stage of growth. Cash position is comfortable with $37 million after a recent financing.
Analysts are expecting revenues of $13.5M for next year and $26.2M for 22. One risk is obviously the serious competition in diabetes...
DRIO has also the former CATS manager Rick Anderson on board, Omar Manejwala and Barbara Stark.
Copy & Paste from the website:
DarioHealth Corp. is a leading global digital therapeutics company revolutionizing the management of chronic conditions.
DarioHealth’s novel digital solutions platform empowers individuals managing pre-diabetes, diabetes, obesity, and hypertension to adjust their lifestyle and health choices to best manage their chronic condition. DarioHealth captures, monitors and communicates personalized health data and metrics to our users using precision data analytics to interpret their data and provide high quality digital and personalized coaching that help users make the best choices for their health.
DarioHealth’s cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver seamlessly integrated and highly engaging digital therapeutics interventions.
DarioHealth is one of the highest rated diabetes solutions and its user-centric approach is loved by tens of thousands of customers around the globe.
DarioHealth is rapidly expanding its solutions for additional chronic conditions, including hypertension, while penetrating new sales channels and moving into new geographic markets.
It's all about diabetes and the to manage the disease with software and hardware from Dario. Dario is selling prescription based memberships for the diabetes program. The most popular option comes at a price of $33/Month. Pariticipants also need to buy test Strips for blood glucose measuring, which is also not very cheap. A nice recurring revenue stream from the membership + Strips.
Dario is also engaged in blood pressure monitoring.
shop.mydario.com/
Everything works with the Dario App, which has in Google Play Store more than 100k downloads and very positive feedback.
The key is now that it's mostly individuals who are buying a membership etc. A contract with a big health plan might be in the cards for Q4. A big potential catalyst.
Market cap is just appr. $100M currently.
dariohealth.investorroom.com/2020-11-04-DarioHealth-to-Report-Financial-Results-for-the-Third-Quarter-2020-on-November-12
The last quarter was good with revenues of $2.04 million. They are still at an early stage of growth. Cash position is comfortable with $37 million after a recent financing.
Analysts are expecting revenues of $13.5M for next year and $26.2M for 22. One risk is obviously the serious competition in diabetes...
DRIO has also the former CATS manager Rick Anderson on board, Omar Manejwala and Barbara Stark.