Rapid-diagnostics company Cue Health earned $223.7 million in revenue for the third quarter of 2021, compared with $137.4 million for the prior quarter and $4.7 million for the prior year.
The company went public in late September, raising $213.9 million in proceeds after underwriting fees.
Net income dipped slightly to $19.3 million compared with $19.8 million in the second quarter, and earnings...
Eyewear company Warby Parker has updated its digital vision test app to now let users renew their glasses or contacts prescription.
The company has clarified that the digital test isn’t a comprehensive eye exam and isn’t meant to replace eye doctor visits.
The new version of the test, renamed the Virtual Vision Test, has users answer eligibility questions. If a user is a good fit, they will be...
Verily's prototype smart shoe. Verily is shopping for partners to develop a smart shoe with embedded sensors for movement, weight and fall monitoring, according to a CNBC report citing three anonymous sources. The company allegedly has a prototype design of the footwear that it has been showing off in private meetings, and is envisioning the shoe as a health product.
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MRIs are A-OK. Senseonics’...
Bankrupting docs? Patient booking platform Zocdoc is putting providers in a sticky situation, CNBC reports. The platform, which lets patients book and cancel appointments, is changing its business model. Now instead of charging providers a flat annual rate per doctor, it proposes to charge a lower annual rate as well as a booking fee for each new customer.
Not only would this dramatically...
Opternative, a Chicago-based digital health company that offers an online refractive eye exam service to help consumers get prescriptions for glasses or contacts, is suing online glasses retailer Warby Parker in New York District Court. The suit alleges that Warby Parker's Prescription Check offering (launched in May) was based on proprietary information and technology obtained from Opternative...
In addition to recently entering the digital health world with a prescription-checking app, online glasses retailer Warby Parker has also hired a new vice president of computer vision with a digital health background. Serial entrepreneur David Rose, who joined Warby Parker in March, was the founder and CEO of Vitality, maker of connected pill bottle cap brand GlowCap. Vitality was one of the...
Online eye glasses retailer Warby Parker has launched a new app to offer online eye exams to users. While a number of companies offer ocular telehealth in various forms to users in regulatory-friendly states, and some of those companies also sell contact lenses, Warby Parker would be the first glasses retailer to venture into the space.
The FDA-registered app, called Prescription Check, is...
Sports Authority, a sporting good retailer, has launched its first fitness app, called BodyFit, which offers users access to more than 100 personal training videos.
The BodyFit app also provides users with instruction on using Sports Authority's line of BodyFit exercise equipment. The training equipment and app are split into three categories: activate, train, and recover.
“Our new BodyFit App is...
New York City-based Smart Vision Labs, which has developed a smartphone-based autorefractor for vision testing, raised $6.1 million in a round led by Techstars Ventures with participation from Heritage Group, Connectivity Capital, and Red Sea Ventures, according to TechCrunch.
National Vision, a US-based eyecare chain, is also seed investor in the company.
The device, called SVOne, consists of a...
Warby Parker, an eyeglass retailer, has announced that they are investing in technology that allows consumers to conduct smartphone-based eye exams, according to a post from Engadget.
Just last week, Warby Parker raised $100 million in a round led by T. Rowe Price -- the company is now valued at $1.2 billion.
When Warby Parker first started out, about five years ago, it offered a service that...
