Reports Q1 revenue $5.76M, consensus $6.76M. The company said, “In the first quarter, our revenue increased by 59% over the fourth quarter 2023 reflecting organic growth with our legacy business-to-business-to-consumer (B2B2C) channel, as well as revenue contribution from our recent acquisition of Twill Inc. (“Twill”). B2B2C revenue as a portion of total revenue grew to 60% in Q1 2024 versus 31% in 4Q 2023. The legacy Dario B2B2C channel revenue grew 38% sequentially over the fourth quarter of 2023, primarily due to the launch of the Aetna platform, expansions of existing customer contracts and new customer launches. We expect the growth to continue into the second quarter as we see revenue contribution from customers that launched mid-first quarter and in the second quarter, and as we see a full quarter of revenues from Twill.”
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