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. reports news centered on molecular diagnostic testing through Interpace Diagnostics, with a current focus on thyroid cancer risk assessment. The company’s commercial thyroid offering pairs ThyGeNEXT, a next-generation sequencing assay for thyroid nodules, with ThyraMIRv2, a proprietary microRNA expression profiler and algorithmic classifier.
Recurring updates cover thyroid test volume, revenue, cash collections, reimbursement developments, scientific presentations and business results. Company news also includes capital-structure actions such as repayment of outstanding debt, conversion of preferred stock into common stock, and the completed discontinuation of PancraGEN as Interpace shifted to a thyroid-focused diagnostics model.
Interpace Biosciences (Nasdaq: IDXG) reported a 53% increase in net revenue for Q1 2020, reaching $9.2 million, driven by growth in Clinical and Pharma services despite pandemic-related challenges. The gross profit margin fell to 34% from 56% year-over-year due to lower Pharma service margins. Loss from continuing operations widened to $(6.2) million compared to $(3.4) million in Q1 2019. The company is developing COVID-19 serology testing and aims to launch it soon. Q2 revenue is expected between $5.6 million and $6.0 million.
Interpace Biosciences (IDXG) will announce its first quarter 2020 financial results on June 25, 2020, at 4:30 PM ET. The announcement will be followed by a conference call to discuss the results and general business updates. Interested parties can access the call via domestic (+1 877 407-9716) or international (+1 201 493-6779) dial-in numbers, with a confirmation number of 13706101. A replay of the call will be available until July 9, 2020, with web access on the company's website. Interpace specializes in personalized medicine, offering molecular diagnostic tests and pharmacogenomics services.
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