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LabStyle Innovations Reports 2014 Second Quarter Results and Anticipated Milestones for the Remainder of the Year
Date:8/15/2014

one operating systems, in selected jurisdictions with maximum optimization and efficiency.
  • Continue to enhance logistics and shipment process in order to ship and deliver Dario™ personalized smart meters and test strips in a timely and productive manner.
  • Expand distributor network with purchase commitments from strategic markets.
  • Increase awareness of Dario™ and sales penetration in key target markets. 
  • Facilitate reimbursement in key target markets.
  • Continue to refine and enrich the cutting edge software component of the Dario™ Diabetes Management Solution.
  • Obtain 510K FDA clearance for the Dario™ personalized smart meter by early 2015.
  • Establish an online sales strategy.
  • Utilize the information collected from customer feedback and strategic agile marketing techniques in the long-term roll-out strategy.
  • Augment LabStyle's intellectual property portfolio with additional potential patent approvals in the U.S. and globally.
  • "It was a very exciting quarter for LabStyle", stated Erez Raphael, president and chief executive officer of LabStyle. "We closed the quarter with first shipments of Dario™ to distributors in Italy, New Zealand and the United Kingdom. We are delighted with the initial market demand that has been demonstrated in the UK and New Zealand where we have marketed the Dario™ smart meter. Although Italy has lagged behind, we have been working very hard to increase market penetration in all the territories and to ensure customer supply and satisfaction. The soft launch has demonstrated product demand and the efficacy of our agile marketing techniques. Compared to the fourth quarter of 2013, our marketing and pre-production expenses have increased, as we prepared for the soft launch that began in March 2014, and we have reduced our research and development expenses and general and administrative spending during this qua
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    SOURCE LabStyle Innovations Corp.
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