earnings
confidence high
sentiment positive
materiality 0.70
Interpace Biosciences Q3 revenue $12.3M, record test volume, swings to profit
INTERPACE BIOSCIENCES, INC.
2024-Q3 EPS reported
$0.87
revenue$34,610,000
- Q3 net revenue $12.3M, up 35% YoY ($9.1M); test volume up 26% to record levels.
- Operating income $1.9M vs operating loss of $0.02M a year ago; adjusted EBITDA $2.1M vs $0.4M.
- Income from continuing ops $1.4M vs loss of $0.5M; gross margin 61% up from 55%.
- Cash collections $11.3M (+15% YoY); cash $2.1M after $6.6M debt paydown; 18th consecutive quarter of YoY volume growth.
- Company interviewing equity research partners and investment bankers for capital raise and potential Nasdaq listing.