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Stock impact report

Interpace Diagnostics Group Reports First Quarter 2017 Financial Results, Business Progress and Recent Accomplishments

INTERPACE BIOSCIENCES INC (IDXG) 
Last interpace biosciences inc earnings: 11/13 04:40 pm Check Earnings Report
US:NASDAQ Investor Relations: interpacediagnostics.com/investors
Company Research Source: PR Newswire
PARSIPPANY, N.J., May 15, 2017 /PRNewswire/ -- Interpace Diagnostics Group, Inc. (IDXG) ("Interpace" or "the Company"), a fully integrated commercial company that provides clinically useful molecular diagnostic tests and pathology services for improved patient diagnosis and management, today announced financial results and business progress for the quarter ended March 31, 2017, as well as recent accomplishments. "Continued commercial progress while managing costs to acceptable levels resulted in good financial performance for the quarter," said Jack Stover, Interpace's President & CEO.  Our restructuring and recapitalization plans were transformational and included raising over $14 million in new capital since late December, completely eliminating over $9.3 million of secured debt, reducing total liabilities by over $12 million since year end and adding in excess of $24 million to stockholders' equity at March 31, 2017 while terminating significant future potential royalties and miles Show less Read more
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