Recent 8-K filings for IDXG
Highest-materiality recent filing
Interpace Biosciences: CMS delays Genetic Testing LCD to April 24, 2025; Company re-evaluates restructuring plan
- CMS directed Medicare contractors to delay implementation of LCD L39365 from Feb 23 to April 24, 2025.
- Delay allows Trump administration to review clinical evidence for PancraGEN assay and assess patient impact.
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Q1 revenue $9.0M; GAAP down 22% YoY due to PancraGEN exit, but Pro Forma revenue up 14% to $9.0M from $7.9M.
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Interpace Q4 revenue $9.2M, thyroid revenue +14% YoY; debt fully paid off
Q4 revenue $9.2M, FY revenue $38.7M; Q4 income from cont. ops $22.8M (includes one-time tax adjustment).
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Preliminary 2025 thyroid testing revenue of ~$34-35M, up 21% over prior year.
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Interpace Biosciences fully repays BroadOak term loan early, strengthens balance sheet
Fully repaid outstanding term loan facility with BroadOak Capital Partners prior to maturity.
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Interpace Biosciences Reports Q3 2025 Revenue of $8.8M, Thyroid Test Volume Up 12% YoY
Q3 2025 revenue $8.8M, up 22% pro forma vs prior year; operating income $1.1M
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Interpace Biosciences Q2 revenue down 23% to $9.2M; loss from continuing ops $0.5M
Net revenue $9.2M (-23% YoY); loss from continuing ops $0.5M vs income $2.5M a year ago.
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Interpace Q1 revenue $11.5M (+13% YoY); guides FY2025 ~$38M
Net revenue $11.5M (+13% YoY); income from continuing ops $1.8M vs $0.8M.
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Interpace Biosciences restructures after Medicare LCD ends PancraGEN coverage
Medicare LCD L39365 ends PancraGEN reimbursement as of April 24, 2025; no specimens after May 2.
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Accrued royalties overstated by $5.3M to $7.1M across 2023 and 2024 quarterly balance sheets.
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CMS directed Medicare contractors to delay implementation of LCD L39365 from Feb 23 to April 24, 2025.
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Interpace restructures debt and cuts workforce after CMS drops PancraGEN coverage
Fourth Amendment: monthly $500k principal payments Feb-Jun 2025, interest-only Jul-Dec, final balance due Dec 31, 2025; 1% restructuring fee paid on Jan 17, 2025.
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CMS issued final LCD L39365 establishing non-coverage for PancraGEN, a DNA-based test assessing pancreatic cyst cancer risk.
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Interpace Biosciences Q3 revenue $12.3M, record test volume, swings to profit
Q3 net revenue $12.3M, up 35% YoY ($9.1M); test volume up 26% to record levels.
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All 47,000 Series B Preferred shares (28,000 Ampersand, 19,000 1315 Capital) exchanged for Series C at $1,000 stated value.
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Interpace Q2 revenue $12.0M (+9% YoY); operating income $2.2M vs $0.8M
Test volume up 12% YoY to record levels; sixteenth consecutive quarter of YoY volume growth.
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Interpace Q1 revenue $10.3M (+4% YoY); income from ops $0.6M; record test volume +10%
Q1 net revenue $10.3M, up 4% YoY from $9.8M; test volume up 10% to record levels.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.70 · Most common event earnings