DARIOHEALTH ($NASDAQ:DRIO): On August 10 2023, DarioHealth Corp. reported their second quarter FY2023 earnings, ending June 30 2023. Total revenue decreased by 0.5% from the same period the previous year, amounting to USD 6.2 million. Net income was USD -16.6 million, a slight improvement from the year prior’s figure of -18.0 million.
At the start of the day, DARIOHEALTH CORP stock opened at a price of $3.4 per share. By the end of the day, the stock closed at a price of $3.2, signifying a decrease of 8.4% from the last closing price of $3.4. This is the sixth consecutive quarter in which DARIOHEALTH CORP has reported a decrease in stock prices. It is yet to be seen what effect this will have on DARIOHEALTH CORP’s long-term outlook. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Dariohealth Corp. More…
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GoodWhale has conducted an analysis of DARIOHEALTH CORP‘s fundamentals and our Star Chart shows that the company has a low health score of 2/10, considering its cashflows and debt, and is less likely to safely ride out any crisis without the risk of bankruptcy. Additionally, DARIOHEALTH CORP is strong in asset and growth but weak in dividend and profitability, leading us to classify it as a ‘cheetah’, a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for rapid growth and don’t mind taking on higher risks. Investors who prefer a steady return with lower risk may want to look elsewhere. More…
Risk Rating Analysis
Star Chart Analysis
The company’s products are used by healthcare professionals to manage chronic conditions, such as diabetes, and by patients to improve their health and wellbeing. The company’s competitors include GBS Inc, Biocept Inc, and Abingdon Health PLC.
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Abingdon Health PLC is a UK-based medical technology company that develops, manufactures and markets rapid diagnostic tests. The company has a market capitalization of 8.82 million as of 2022 and a return on equity of -30.54%. Abingdon Health’s products are used in a variety of settings, including hospitals, clinics, physician offices, and laboratories. The company’s products are designed to provide quick and accurate results for a variety of medical conditions.
DARIOHEALTH CORP reported a decrease in total revenue of 0.5% and a net income of -16.6 million for their second quarter of FY2023 ending June 30 2023. This is a decrease from the prior year’s figure of -18.0 million, leading to a decrease in stock price on the same day. For investors, this could be a sign to be cautious when considering investing in DARIOHEALTH CORP, as the company has seen a decline in earnings and revenue in comparison to the prior year. However, a closer look into the company’s financials could help shareholders decide if DARIOHEALTH CORP is a wise investment choice.