Interpace Biosciences Announces Preliminary 2025 Revenue, 2026 Revenue Guidance and Simplification of Capital Structure

Core Insights - Interpace Biosciences reported preliminary 2025 thyroid testing revenue growth of 21% compared to the previous year, with total revenue estimated at approximately $38-39 million, of which $34-35 million is attributed to thyroid testing [3][4] - The company has initiated guidance for 2026, projecting a revenue of approximately $40 million, representing a 16% growth in thyroid testing revenue over 2025 [4] - All preferred stock has been converted to common stock, simplifying the capital structure and resulting in approximately 27.7 million shares outstanding [5][6] - Interpace has a debt-free balance sheet and is operating with positive net income and EBITDA [7] - The company plans to seek an uplisting on the Nasdaq Stock Market in 2026, aiming to attract more investors and facilitate growth [7][8] Revenue Performance - Preliminary 2025 revenue from continuing operations is approximately $38-39 million, with thyroid testing contributing around $34-35 million [3] - The growth in thyroid testing revenue is approximately 21% over 2024 [3] - For 2026, the company anticipates revenue of about $40 million, with 100% derived from thyroid testing, indicating a projected growth of 16% [4] Capital Structure - In October 2024, all Series C Preferred shares were converted into common stock, resulting in the issuance of approximately 23,267,327 shares [5] - Following the conversion, the total pro forma basic shares outstanding is approximately 27.7 million [6] - Major shareholders include 1315 Capital with approximately 34% and Ampersand with about 50% of the outstanding common stock [6] Strategic Plans - The conversion of preferred stock and the elimination of debt are seen as pivotal milestones in the company's capital structure [7] - The company aims to leverage its simplified capital structure to focus on scaling its profitable thyroid diagnostics business [7] - Plans for uplisting to the Nasdaq are intended to enhance investor participation and support growth initiatives in sales and research [8]