DarioHealth Corp. announced on November 21, 2024, the signing of four new contracts with self-insured employers. These programs are expected to go live in the first quarter of 2025, contributing recurring revenue to the company's Business-to-Business-to-Consumer (B2B2C) channel. All four contracts encompass the full suite of the Dario platform, indicating the value of its multi-condition offering.
Steven Nelson, Chief Commercial Officer at Dario, stated that employer contracts are a solid contributor to near-term growth, adding recurring revenue and aiding gross margin expansion. These new agreements also expand Dario's reach across new user populations, enhancing its data pool.
Including these four new employers, Dario expects to achieve an estimated total of 25 new client signings in 2024, which are expected to be implemented and secured for revenue growth in 2025. This represents an approximate 35% growth in its client base compared to 2023, which the company views as a core indicator of its profitability timeline.
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