Recently I came across this ticker ----> $Drio

After a bit of research, Drio seems to be positioned for a positive performance in the upcoming quarter after a few years of lackluster performance, slow implementation of their business plan and large cash burn.

They have suffered a big drop over the past few years but after looking into their company I think they are extremely close to turning cash positive, thus rocketing $DRIO to a SP of $5 from $1.40

From what I've found I believe they will turn cash positive at $62million in revenue .

They had $38.5million in revenue for 2023 and currently their client book/signed contracts for January 2024 is up 200% from end of December 2023

They have a 30million dollar investment deal with Sanofi.

They have yet to report 2024 1st quarter revenue which will now include all their newly signed clients from Atena, Sanofi, Amwell and Solera.

They are still ramping up their contracts and continuing to sign more clients.

Recently, they bought a company called Twill and with that purchase, they now are providing employee coverage for Cigna, Merek, Google, Amazon, Microsoft and more. This coverage just started in 2024, no revenues from this have been reported yet.

The company itself has stated that 2024 and 2025 is the years they will be focusing on ramping revenue and showing profitability. With the way they are currently setup, I could see them easily hitting $60million this year

Anyone have any thoughts or opinions on Drio?