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Stock impact report

ProPhase Labs Reports Financial Results for the Three Months and Six Months Ended June 30, 2018

ProPhase Labs, Inc. (PRPH) 
US:NASDAQ Investor Relations: prophaselabs.com/investors/annual-reports
Company Research Source: GlobeNewswire
DOYLESTOWN, Pennsylvania, Aug. 20, 2018 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH, www.ProPhaseLabs.com) today reported its financial results for the three and six months ended June 30, 2018. Net sales from continuing operations were $3.2 million for the three months ended June 30, 2018 as compared to net sales from continuing operations of $1.9 million for the three months ended June 30, 2017. The Company incurred a net loss for the three months ended June 30, 2018, of $260,000, or ($0.02) per share, compared to a net loss of $2.3 million, or ($0.14) per share, for the three months ended June 30, 2017. Results for the second quarter of 2018 compared to the second quarter of 2017 principally reflect the net effect of (i) an increase in net sales of $1.3 million, (ii) a decrease in administration costs of $106,000 due principally to a decrease in professional and legal costs and (iii) a decrease in research and development expenses of $137,000. The Company generated net Show less Read more
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