Welcome to our dedicated page for Interpace Biosciences news (Ticker: IDXG), a resource for investors and traders seeking the latest updates and insights on Interpace Biosciences stock.
Interpace Biosciences Inc (IDXG) delivers molecular diagnostic innovations that transform cancer risk assessment through advanced mutational analysis. This news hub provides investors and healthcare professionals with essential updates on the company’s scientifically validated testing solutions.
Access real-time announcements covering regulatory milestones, clinical study results, and strategic partnerships. Our curated collection includes press releases on thyroid/pancreatic cancer test developments, technology validations, and operational updates directly impacting diagnostic precision.
Key updates focus on IDXG’s progress in reducing unnecessary surgeries through risk-stratified diagnostics, with verified clinical outcomes. Track developments in genetic marker identification, laboratory accreditations, and peer-reviewed research collaborations.
Bookmark this page for streamlined access to IDXG’s latest advancements in precision medicine. Monitor how their evidence-based approach continues shaping oncology diagnostics while creating long-term stakeholder value.
Interpace Biosciences, Inc. announced Q1 2024 financial results with a $10.3 million revenue, a 4% YoY increase, and a 10% test volume growth. Operating expenses decreased by 2%, with income from continuing operations at $0.6 million. The company experienced record test volume, cash collections, and profitability, fuelled by increased adoption of molecular diagnostics tests. Despite a slight decrease in gross profit percentage and adjusted EBITDA, the company maintained a strong financial position with $2.8 million cash balance.
Interpace Biosciences, Inc. (OTCQX: IDXG) reported Q4 2022 Net Revenue of $8.3 million, down 9% from Q4 2021. The company achieved a 60% Gross Profit percentage, improving from 55% the previous year. Operating income reached $0.1 million, bouncing back from a loss of $(1.4) million in Q4 2021. Loss from continuing operations decreased to $(1.4) million from $(1.7) million. For the full year, Net Revenue was $31.8 million, a 4% decline due to a reimbursement rate drop. However, loss from continuing operations improved to $(5.9) million compared to $(7.0) million in 2021.
Interpace Biosciences reported Q3 2022 net revenue of $8.2 million, a 2% increase year-over-year. Adjusted EBITDA was positive at $0.1 million, highlighting operational improvement. Operating expenses were down 12% compared to the previous year, contributing to a loss from continuing operations of $1.3 million, slightly better than Q3 2021. Cash and cash equivalents stood at $6.3 million. Despite challenges from the ThyGeNEXT pricing change, the company noted record testing volumes over the last two quarters.
Interpace Biosciences (OTCQX: IDXG) announced new clinical utility data for its ThyGeNEXT® + ThyraMIR®v2 test platform. The findings, presented at the American Thyroid Association (ATA) 2022 Annual Meeting, demonstrate the platform's effectiveness in assessing malignancy risk in indeterminate thyroid nodules (ITN). Key results include improved accuracy, a decreased false-positive rate, and a 70% benign call rate, potentially reducing unnecessary surgeries for patients. CEO Tom Burnell reaffirmed the company's commitment to personalized medicine.
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