LabStyle Innovations Reports Q1 2016 Results
LabStyle Innovations Corp. (NASDAQ: DRIO), developer of the Dario™ Diabetes Management Solution, today reported financial and operational results for the quarter ended March 31, 2016 and provided an outlook for the coming quarters. Some of the highlights are: Quarterly gross loss narrowed 61% compared to Q4 2015, Net loss narrowed by 29% compared to Q4 2015 and Launched Dario Blood Glucose Monitoring System in the United States late in the first quarter. Sequential quarterly revenues from distribution partners and customers of products and software services increased 84% from $308,000 in Q4 2015 to $568,000 in Q1 2016.