Prophase Labs Inc Stock Price, News & Analysis

ProPhase Labs (NASDAQ: PRPH) announced a decline in expected Q3 2021 COVID-19 testing revenues due to lower summer testing rates. However, the company anticipates a rebound in Q4 2021, aiming to match record Q1 revenues driven by government mandates and an increasing customer base. CEO Ted Karkus noted heightened testing levels in October and ongoing organic growth. The integration of Nebula Genomics into ProPhase's operations is advancing as planned, promising faster genomic testing and lower prices, which may significantly boost sales in 2022.

GARDEN CITY, NY, Oct. 6, 2021 -- ProPhase Labs, Inc. (Nasdaq: PRPH) announces that Chairman and CEO Ted Karkus will present virtually at the 14th Annual LD Micro Main Event Conference. This presentation is scheduled for October 14, 2021, at 9:30 AM ET. ProPhase Labs is a diversified biotech and genomics company, leveraging its CLIA lab services for whole genome sequencing and COVID-19 testing. The company aims to expand its testing capabilities globally and enhance its genomics database for research purposes.

ProPhase Labs, Inc. (Nasdaq: PRPH) announced that CEO Ted Karkus will present at the Benzinga Healthcare Small Cap Conference, virtually held from September 29-30, 2021. Karkus's presentation is scheduled for September 29 at 2:20 PM ET. Investors can register for the conference online. ProPhase Labs is a diversified biotech and genomics company focused on whole genome sequencing and CLIA lab services, including COVID-19 testing. The firm also aims to expand its testing services internationally and enhance genomic data research.

ProPhase Labs (NASDAQ: PRPH) has authorized a stock repurchase program of up to $6 million to enhance shareholder value. The buyback will occur over the next six months via various market transactions, with decisions based on market conditions and company needs. CEO Ted Karkus expressed confidence in the company's momentum, anticipating strong revenue growth for ProPhase Diagnostics due to ongoing COVID-19 testing demand. Additionally, the integration of Nebula Genomics is expected to boost personalized medicine initiatives, aiming for reduced costs and faster results.

ProPhase Labs, a diversified biotech and genomics company, announced that its Chairman and CEO, Ted Karkus, will present virtually at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13-15, 2021. Karkus's corporate presentation will be available starting September 13 at 7:00 AM ET. Investors can register for the event on the conference website. ProPhase Labs focuses on genomics testing technologies and offers various diagnostic services, including COVID-19 testing, with results provided in under 24 hours.

ProPhase Labs (Nasdaq: PRPH) has announced that Chairman and CEO Ted Karkus will present at two upcoming investor conferences. He is set to deliver a corporate presentation at the Q3 Investor Summit on August 17, 2021, at 11:00 am ET. Additionally, he will present at the SNN Network Summer Virtual Event on August 18, 2021, at 2:00 pm ET. Management will be available for one-on-one meetings throughout both events. ProPhase Labs focuses on genomics testing and provides COVID-19 testing services.

ProPhase Labs, Inc. (NASDAQ: PRPH) reported a significant financial turnaround for Q2 2021. Total revenue surged to $9.1 million, up 153% from $3.6 million in Q2 2020. However, the company reported a net loss of $1.4 million, equating to $(0.09) per share, reversing from a net income of $70,000 in the prior year. The acquisition of Nebula Genomics is expected to expand its service offerings, and the firm maintained a strong cash position of $35.8 million post-dividend.

ProPhase Labs (Nasdaq: PRPH) has acquired Nebula Genomics for approximately $14.6 million, using a combination of cash and stock. This acquisition aims to merge Nebula's whole genome sequencing services with ProPhase's diagnostic testing, enhancing their offerings in personalized medicine. George Church, the founder of Nebula, will lead ProPhase's new Scientific Advisory Board. The move is expected to make genome sequencing more accessible and cost-effective, while leveraging ProPhase's existing retail network to expand its reach.

ProPhase Labs, Inc. (NASDAQ: PRPH) will hold a conference call on August 13, 2021 at 11:00 a.m. ET to discuss its Q2 2021 results. CEO Ted Karkus will lead the call, which includes a question-and-answer session. Participants can register online and will receive dial-in details upon registration. Those without internet access can join via toll-free and international phone numbers. The call will be streamed live and available for replay shortly after.

ProPhase Labs provides a range of clinical diagnostics and testing services, including COVID-19 testing with results in under 24 hours.