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InvestorNewsBreaks – DarioHealth Corp. (NASDAQ: DRIO) Releases Q1 Financial, Operational Reports; Announces Acquisition

DarioHealth (NASDAQ: DRIO), a pioneer in the global digital therapeutics market, has reported its Q1 2021 financial results; the company also announced corporate and commercial updates. Included in the report, the company noted that it has maintained momentum across all three pillars of its long-term strategic operating plan, which includes the acquisition of Upright Technologies and expansion into the musculoskeletal and related pain-conditions markets. The announcement also noted revenue growth for first quarter had reached 73% over the previous quarter, with a 116% increase over the same quarter last year; the company attributed those numbers to organic growth as well as the consolidation of Upright Technologies’ revenues. In addition, DarioHealth announced it has into an agreement to acquire PsyInnovations Inc. (dba wayForward). wayForward is a behavioral health digital platform that includes AI-enabled screening to triage and navigate members to specific interventions, digital cognitive behavioral therapy (“CBT”), self-directed care, expert coaching and access to in-person and telehealth provider visits; the platform currently provides service to approximately 20,000 members and 20 self-insured employers. The acquisition announcement noted that the wayForward platform fills a common need in existing behavioral health coverage for people who may not need or be able to access provider-based treatment. “Adding wayForward to our already robust platform allows us to provide a complete solution to our members and customers,” said DarioHealth president and North America general manager Rick Anderson in the press release. “Our current collaborations with wayForward on customer requests for proposal made it clear that they are a natural partner for us.  It broadens the opportunities for both companies by expanding the customers we can pursue and the number of members in each customer that we can serve.  We look forward to leveraging our commercial team to accelerate the adoption of wayForward’s  solution on an integrated and stand-alone basis.”

To view the full press releases, visit https://ibn.fm/TSUGk and https://ibn.fm/pfwVc

About DarioHealth Corp.

DarioHealth is a leading, global digital therapeutics company revolutionizing the way people with chronic conditions manage their health. By delivering evidence-based interventions that are driven by data, high-quality software and coaching, the company empowers individuals to make healthy adjustments to their daily lifestyle choices to improve their overall health. Dario’s cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver highly engaging therapeutic interventions. The company is one of the highest-rated diabetes solutions in the market, and its user-centric MyDario(TM) mobile app is loved by tens of thousands of consumers around the globe. DarioHealth is rapidly moving into new chronic conditions and geographic markets, using a performance-based approach to improve the health of users managing chronic disease. For more information about the company, please visit www.DarioHealth.com.

NOTE TO INVESTORS: The latest news and updates relating to DRIO are available in the company’s newsroom at http://ibn.fm/DRIO

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