Shortly before news broke that Teladoc was set to acquire Livongo, the chronic disease management company announced its quarterly earnings results. On Aug. 5 it announced that its second quarter total revenue came in at $91.9 million, which was up 125% YoY. The company reported a GAAP gross margin of 76.6% and non-GAAP gross margin of 77.3%.
The company attributed the gains to its growing...
It's been about nine months since Google officially announced plans to acquire Fitbit. The deal was expected to close in Q2 2020, but antitrust concerns from U.S. and E.U. regulators have so far stalled the purchase.
That delay will likely run a fair bit longer with the European Commission announcement that its preliminary probe of the purchase will now expand into a full-scale investigation...
UnitedHealth Group announced plans this morning to distribute a device-driven diabetes management model to 230,000 employer-sponsored members with Type 2 diabetes at no additional cost.
The pilot program, called Level2 by UnitedHealthcare, provides members with a Dexcom G6 continuous glucose monitor (CGM) that connects to their smartphone, a Fitbit activity tracker, personalized coaching and...
With much of the world gradually returning to work after COVID-19 lockdowns, Fitbit sees a new opportunity to engage its employer customers with device- and app-driven health monitoring.
The company today announced what it's calling its Ready for Work solution, a service comprising a daily health check-in for employees and an analytics dashboard for their employers, both of which are being...
Fitbit has launched an in-app study the company says could help develop an algorithm for detecting potential COVID-19 cases prior to symptom onset.
Device owners over the age of 21 who live in the U.S. or Canada who either had a confirmed case of COVID-19 or recently experienced symptoms consistent with the disease are invited to take part in what the company has dubbed the Fitbit COVID-19 study...
About a week after Fitbit released its disappointing Q1 financials, its CEO James Park announced to CNBC that the company is looking to the ventilator space, in a temporary effort to address the coronavirus pandemic.
The news, which was confirmed by sources at Fitbit, means major changes are in the works for the wearable company. Park told CNBC that the company will be submitting its new...
This quarter Dexcom raked in $405 million in revenue, compared to $280.5 million in 2019’s Q1. This represents a 44% increase year over year (YoY), and beats the company's revenue goal by $46.7 million. Dexcom attributes its success to its growing user rate.
The gross profits from Q1 were $258.7 million. However, operating expenses have increased, coming in at $215.4 million in 2020 Q1, versus $...
Fitbit announced this morning the launch of a new atrial fibrillation research study aiming to enroll hundreds of thousands of fitness-tracker and smartwatch owners.
Called the Fitbit Heart Study, it will passively and continuously monitor wearers' heart rates using the devices' photoplethysmography (PPG) sensors. A proprietary algorithm will interpret these readings and flag potential...
When it comes to the healthcare industry, women are still underrepresented in leadership positions. Although 65% of healthcare workers are female and 80% of healthcare decisions are made by women, they make up only about 30% of healthcare leadership, according to an Oliver Wyman report.
However, during the HIMSS20 Digital webinar "Women in Healthcare and Tech: Closing the Gap to Strategic" Amy...
Attacking misinformation head on. Big tech's war against online misinformation is raging hotter than ever with COVID-19. The latest update: Facebook will begin directly contacting users who liked, reacted or commented on "harmful misinformation" about the virus that was later removed by the social network. Facebook wrote this morning that the messages are set to deploy within the coming weeks,...
