Finance
The company saw its stock price drop upon release of its first-quarter earnings.
The company also released its Q1 2023 earnings, showing increased revenue of $311.1 million with a net loss of $63.2 million.
Oura said the deal could provide new opportunities in payments and data security.
In a letter to employees, CEO Ayub Khattak said the diagnostics company's new initiatives are "progressing well but are still early in terms of revenue generation."
Patients in Emory's behavioral health program will utilize NeuroFlow's platform to have access to psychotherapy content between scheduled visits.
This is the second round of layoffs in less than a year.
Also, Startoon has obtained a US FDA clearance for its wearable recovery tracking device.
The company reported a larger net loss in the first quarter that included a $330.3 million noncash goodwill impairment charge.
The company also laid off workers in the U.K. and Israel as it shifts focus to the U.S. market.
The company reported $33.3 million in revenue for Q1 2023 and a net loss of $8.8 million.