UNIONDALE, NY, Aug. 19, 2025 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH) (the "Company" or "ProPhase"), a next generation biotech, genomics and consumer products company, today announced that it filed a definitive proxy statement ("DEF 14A") with the U.S. Securities and Exchange Commission ("SEC") on Friday, August 15, 2025 and received a "no further comments" letter from the SEC's Division of Corporation Finance Office of Life Sciences, indicating that the Staff had completed the review of the P ...

Company granted key U.S. patent on BE-Smart Esophageal Adenocarcinoma Risk Assessment test (August 2025) ProPhase Delivers Significant Operational and Financial Improvements, Advances Multiple Non-Dilutive Liquidity Initiatives, and Targets Transformational Growth Catalysts Company to hold a virtual conference call Wednesday, August 13, 2025, at 2:00 PM ET UNIONDALE, NY, Aug. 13, 2025 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), (the "Company" or "ProPhase") a diversified diagnostics, genomics, a ...

Core Viewpoint - ProPhase Labs Inc. will present its second quarter 2025 financial results on August 13, 2025, at 2:00 pm EDT through a virtual conference call [1][2]. Group 1: Company Overview - ProPhase Labs Inc. is a next-generation biotech, genomics, and consumer products company focused on building a healthier world through innovation and actionable insights [4]. - The company is known for its Whole Genome Sequencing solutions and diagnostic developments, including a test for early detection of esophageal cancer [4]. - ProPhase Labs aims to develop, manufacture, and commercialize health and wellness solutions, emphasizing executional excellence and smart diversification [4]. Group 2: Event Details - A press release detailing the financial results will be issued prior to the virtual conference call [2]. - Stakeholders, investors, and individual followers are invited to register for the live event, with a replay available on the company's investor website afterward [2][3].

Core Viewpoint - ProPhase Labs Inc. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, following an initial compliance period that expired on June 24, 2025 [1][2][3] Group 1: Compliance Status - The company was notified by Nasdaq on December 26, 2024, that its common shares had been below the $1.00 bid price for 30 consecutive business days, leading to a compliance period of 180 days [2] - As of the current date, ProPhase has not regained compliance and now has until December 22, 2025, to meet the bid price requirement [3] - To regain compliance, the company's Class A ordinary shares must close at or above $1.00 for at least 10 consecutive business days [3] Group 2: Company Operations - The company plans to monitor its share price and is considering options to regain compliance, asserting that the extension does not impact its business operations or reporting obligations [4] - ProPhase Labs is focused on innovative healthcare solutions, including Whole Genome Sequencing and diagnostic tests, aiming to enhance health and wellness [5]

Core Insights - ProPhase Labs is undergoing significant operational transformations aimed at reducing overhead and aligning resources with high-value opportunities, particularly in the biotech and genomics sectors [5][17] - The company anticipates multiple liquidity events in the coming months, including the potential sale of its subsidiary Nebula Genomics and recovery of insurance payments through Crown Medical Collections [7][10][11] Financial Performance - For Q1 2025, ProPhase reported net revenue of $1.4 million, a decrease from $2.4 million in Q1 2024, primarily due to a $1.0 million drop in consumer products revenue [20] - The cost of revenues for Q1 2025 was $0.9 million, leading to a gross margin profit of $0.5 million, compared to a gross margin loss of $0.1 million in Q1 2024 [21][22] - General and administrative expenses decreased to $4.1 million in Q1 2025 from $7.3 million in Q1 2024, reflecting cost-cutting measures [23] - The net loss from continuing operations for Q1 2025 was $4.7 million, or $(0.13) per share, an improvement from a loss of $5.5 million, or $(0.32) per share, in Q1 2024 [25] Strategic Developments - The company completed the divestiture of its Pharmaloz manufacturing operations for approximately $23 million, saving over $2 million annually [4] - ProPhase is pursuing strategic alternatives for Nebula Genomics, which has a unique 16-petabyte DNA dataset, and expects to receive letters of intent from potential acquirers soon [7][8] - The BE-Smart Esophageal Cancer Test has been submitted for peer review, with commercialization expected later this year, following a favorable ruling on laboratory-developed tests [12][14][16] Cash Flow and Liquidity - As of March 31, 2025, ProPhase had cash and cash equivalents of $88,000, down from $678,000 at the end of 2024, primarily due to cash used in operating activities [26] - The company is optimistic about generating significant cash flow from Crown Medical Collections, which estimates a recovery of approximately $50 million in insurance payments [10][11] Market Position and Future Outlook - ProPhase Labs aims to position itself as a leader in precision diagnostics, particularly in gastroenterology, with its proprietary BE-Smart platform [16] - The company is focused on unlocking value through strategic asset development and disciplined execution, with several major milestones anticipated in the near future [17]