iSpecimen Announces Milestone 2: System Integration and Marketplace Activation Complete
Rhea-AI Summary
iSpecimen (NASDAQ: ISPC) announced completion of Milestone 2: System Integration and Marketplace Activation on February 6, 2026, delivering a live SalesStack production marketplace. Key achievements include end-to-end system integration, full legacy data migration, core feature enablement, AI-assisted matching, and launch of a production site at https://mp.ispecimen.com.
Company says the update enables operational continuity, cost reductions from legacy sunset, improved scalability and performance, and a foundation for supplier onboarding, pricing automation, and broader rollouts ahead of Milestone 3.
Positive
- Production marketplace activated and live at https://mp.ispecimen.com
- Complete legacy data migration of users, orders, and suppliers
- End-to-end integration with core internal systems completed
- AI-assisted matching enabled to connect requests with supplier inventories
- Planned legacy sunset expected to reduce AWS operating expenses
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
ISPC was down about 0.75% while sector peers were mixed and only one peer (NOTV) appeared on the momentum scanner, moving up without news. This points to a company-specific reaction rather than a broad Diagnostics & Research move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 30 | Private placement | Negative | -13.2% | Financing via Series C preferred private placement raising about $5.5M. |
| Sep 04 | Crypto strategy update | Positive | +27.4% | Update on $200M Solana-based treasury initiative and crypto partnership interest. |
| Aug 21 | Platform milestone | Positive | -29.8% | Completion of SalesStack Milestone 1 to modernize marketplace infrastructure. |
| Aug 07 | Crypto treasury plan | Positive | -28.9% | Plan to build $200M Solana-based corporate treasury with digital asset advisors. |
Past news shows mixed alignment: financing and crypto initiatives often triggered sharp moves, while a prior SalesStack milestone saw a large selloff despite positive operational framing.
Over the last six months, ISPC has combined strategic pivots with financing and platform upgrades. A Milestone 1 SalesStack update in Aug 2025 preceded a -29.77% move, suggesting prior selling into positive tech news. Two crypto-related treasury announcements in Aug and Sep 2025 produced volatile reactions, including a 27.42% gain. A Dec 30, 2025 private placement aimed at raising roughly $5.5M led to a -13.15% decline, highlighting sensitivity to dilution and capital-raising.
Regulatory & Risk Context
An effective S-3 from Jan 16, 2026 registers 101,000,000 common shares for resale tied to Series C preferred from the Dec 2025 private placement. The company states it will not receive proceeds from these resales and acknowledges that large secondary sales could exert downward pressure on the share price while it works to regain compliance with Nasdaq’s $1.00 minimum bid requirement.
Market Pulse Summary
This announcement highlights completion of Milestone 2 in the SalesStack program, activating a live, integrated marketplace with AI-assisted matching between customer requests and supplier inventories. It follows the Aug 2025 Milestone 1 infrastructure upgrade and comes alongside an effective S-3 registering 101,000,000 resale shares from a roughly $5.5M financing. Investors may watch how this platform affects future revenue versus the weak $106,592 Q3 2025 run-rate and ongoing Nasdaq bid-price compliance efforts.
Key Terms
ai-assisted matching technical
AI-generated analysis. Not financial advice.
Live Production Marketplace Now Available
Woburn, Massachusetts--(Newsfile Corp. - February 6, 2026) - iSpecimen Inc. (NASDAQ: ISPC) today announced the successful completion of Milestone 2, System Integration and Marketplace Activation, marking a pivotal step in the SalesStack digital transformation journey. The milestone delivers a fully integrated, live marketplace that connects customer requests with supplier inventories, enabling streamlined operations, reduced costs, and a foundation for future growth.
Chief Executive Officer Ms. Katie Field commented, "This Milestone 2 achievement demonstrates end-to-end system integration, legacy data migration, and activation of a production-ready SalesStack marketplace. We are pleased this will deliver operational continuity and scalable growth for our customers and vendors alike."
Key achievements of the Milestone 2 phase include:
- End-to-End System Integration Connected the new SalesStack marketplace to core internal systems, enabling seamless data flow across customer, supplier, and transaction services.
- Legacy Data Migration Successfully migrated all historical user, order, and supplier data from the legacy marketplace into the new SalesStack platform.
- Production Marketplace Launch Activated the new platform for live use, now available at: Production: https://mp.ispecimen.com
- Core Feature Enablement Delivered essential marketplace functionality required for full operational workflows, including order processing, user management, and supplier connectivity.
- Enhanced AI-Driven Matching (customer requests and supplier inventories) In line with industry efforts to leverage AI for demand-supply matching, the marketplace now supports AI-assisted matching to more efficiently connect customer requests with available supplier inventories.
Ms. Field continued, "Milestone 2 validates our approach to a connected, AI-informed marketplace. By unifying data and automating core workflows, we're delivering tangible value to customers and suppliers while laying the groundwork for rapid growth."
The Company noted business benefits of this second stage:
- Operational Continuity & Stability: The new platform is fully connected to internal systems, enabling live, end-to-end marketplace operations and reducing manual handoffs.
- Cost Optimization: As part of the legacy system sunset process, the company will begin downsizing infrastructure supporting the old marketplace, significantly reducing AWS operating expenses.
- Improved Scalability & Performance: The new architecture enables faster feature delivery, improved system reliability, and the ability to scale with customer demand.
- Foundation for Revenue Growth: With system integration and live marketplace activation complete, iSpecimen is positioned to accelerate supplier onboarding, pricing automation, and new customer acquisition in subsequent phases.
Next steps of the Salestack roll out include expanding supplier onboarding and pricing automation to shorten time-to-market for new suppliers and to enable dynamic, price-competitive listings. We will roll out AI-driven match capabilities at scale to improve precision in connecting customer requests with supplier inventories, reducing manual intervention and accelerating order fulfillment. We will continue the sunset of legacy infrastructure, migrating workloads and data to the SalesStack platform while ensuring uninterrupted service, security, and compliance throughout the transition. Finally, the Company intends to prepare for Milestone 3 by planning additional marketplace features, broader geographic rollout, and deeper integrations with partner ecosystems to drive growth, resilience, and a more seamless buyer-supplier experience.
About iSpecimen Inc.
iSpecimen Inc. (NASDAQ: ISPC) offers an online marketplace for human biospecimens, connecting scientists in commercial and non-profit organizations with healthcare providers that have access to patients and specimens needed for medical discovery. Proprietary, cloud-based technology enables scientists to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers and other healthcare organizations. For more information, please visit www.ispecimen.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in the Company's filings with the SEC, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect the Company. If a change to the events and circumstances reflected in the Company's forward-looking statements occurs, the Company's business, financial condition and operating results may vary materially from those expressed in the Company's forward-looking statements.
Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282776
FAQ
What does iSpecimen (ISPC) Milestone 2 mean for the marketplace?
When did iSpecimen (ISPC) activate the production SalesStack marketplace?
How will iSpecimen's (ISPC) AI-driven matching affect order fulfillment?
Will iSpecimen (ISPC) reduce costs after Milestone 2 completion?
What are the next steps for iSpecimen's (ISPC) SalesStack rollout after Milestone 2?
