AwesomeStocks Hello! New Alert: ProPhase Labs, Inc. (NASDAQ: PRPH) PRPH is our brand-new high momentum NASDAQ alert. PRPH has a history of experiencing increased gains in a short period of time. Over the past week PRPH rallied from under 8.00 to a high of 9.40, experiencing gains of over 17%. Since then, PRPH has consolidated those gains to yesterdayâs close of 8.25, presenting what could be a rebound opportunity. PRPH is a NASDAQ listed ânext-generation biotech, genomics and diagnostics companyâ. PRPH is ârevolutionizing healthcare with industry-leading Whole Genome Sequencing solutions, while developing potential game changer diagnostics and therapeutics in the fight against cancerâ. As the company further explains: - âThis includes a potentially life-saving cancer test focused on early detection of esophageal cancer and potential breakthrough cancer therapeutics with novel mechanisms of action.â The companyâs âworld-class CLIA labs and cutting-edge diagnostic technology provide wellness solutions for healthcare providers and consumersâ. PRPH âdevelop, manufacture, and commercialize health and wellness solutions to enable people to live their best livesâ. PRPH is âcommitted to executional excellence, smart diversification, and a synergistic, omni-channel approachâ. Furthermore, PRPHâs âvaluable subsidiaries, their synergies, and significant growthâ underscores the companyâs growth potential: - âProPhase Diagnostics, Inc., a wholly owned subsidiary of ProPhase, offers a broad array of clinical diagnostic and testing services at its CLIA certified laboratories including polymerase chain reaction (PCR) testing for SARS-CoV-2 (COVID-19) and Influenza A and Influenza B.â
- âNebula Genomics, a rapidly growing and wholly owned subsidiary of ProPhase, focuses on genomics sequencing and testing technologies, a comprehensive method for analyzing entire genomes, including the genes and chromosomes in DNA.â
- âThe Company also operates Pharmaloz, a rapidly growing contract manufacturing subsidiary, and offers the TK Supplements line of dietary supplements, which are distributed in food, drug, and mass stores throughout the country.â
- ProPhase BioPharma, Inc., a âwholly owned subsidiary of ProPhase, was formed for the licensing, development and commercialization of novel drugs and compoundsâ. âLicensed compounds currently include Equivir (OTC/dietary supplement) and Equivir G (Rx), two broad based anti-virals, and Linebacker LB-1 and LB-2, two small molecule PIM kinase inhibitorsâ. PRPH has announced multiple accomplishments recently demonstrating their significant growth potential. Recently, the company announced: âProPhase Labs Announces Record Financial Results for the year ended December 31, 2022â As the company further explains in the March 28 press release, âFinancial highlights for the full year ended December 31, 2022, include the followingâ: - âNet revenue of $122.6 million for the year ended December 31, 2022, as compared to $79.0 million for the year ended December 31, 2021, an increase of approximately 55%.â
- âNet Income of $18.5 million, or $1.17 per diluted share, for the year ended December 31, 2022, as compared to net income of $6.3 million, or $0.41 per share, for the year ended December 31, 2021.â
- âAdjusted EBITDA of $38.6 million for the year ended December 31, 2022, as compared to adjusted EBITDA of $18.1 million for the year ended December 31, 2021.â
- âCash, cash equivalents and marketable equity securities of $17.4 million and working capital of $44.6 million as of December 31, 2022.â Here are some of the companyâs comments from this press release: âI believe that it is our destiny to build a multi-billion-dollar company together,â continued Mr. Karkus. âWhile our financial results have been stellar, we believe that our diversification strategy, which began in 2022, will make our previous successes seem trivial in comparison to what is yet to come. Over the past two years, we have taken advantage of the bear market in micro-cap development stage biotech and life sciences companies and licensed and/or acquired some fantastic assets that will gestate and become potentially billion-dollar franchises on their own.â Furthermore: âMr. Karkus elaborated, âRevenues from our Pharmaloz Manufacturing subsidiary are up approximately 100% year-over-year and we expect them to triple over the next two years. We already have the demand and are only limited by how quickly we can build out our capacity. Our Nebula Genomics subsidiary is growing even faster. We estimate revenues for this business will grow more than 100% in 2023 and that is before we leverage off of our superior retail distribution network. If we are successful in gaining acceptance in major retailers, then sales will grow even more dramatically. Retail is something we know better than anyone and we expect to execute on this in the near term.â In addition: âWe are confident that combining Nebula Genomicsâ comprehensive genomic testing with our CLIA-certified lab capabilities will lead to faster turnaround times and lower price points, driving additional demand,â Mr. Karkus continued. âWe also plan to offer low-pass genomic testing at significantly lower price points. This will allow us to leverage our distribution network of more than 40,000 food, drug, and mass retail stores to further expand direct-to-consumer and big-box retail distribution of Nebulaâs Genomic sequencing products and services. Additional goals include the development of partnerships for Nebula Genomicâs proprietary library, research collaborations with universities, and leveraging the Nebula Genomics database. Furthermore, we believe our lab will be one of the most sophisticated in the nation and therefore could become the go to spot for all genetic sample processing. Each of these initiatives could significantly grow sales as we look forward to 2023 and beyond.â In addition, this week, the company announced potentially big news: âProPhase Labsâ Linebacker-1 Cancer Therapeutic shows promising mechanisms of action as both a mono-therapy and co-therapy in preclinical studies attacking a range of hard-to-treat cancers, including lung and gastric cancersâ As the company further explains: âLinebacker is a small molecule, multi-kinase inhibitor that is being developed by the Companyâs wholly owned subsidiary, ProPhase BioPharma, Inc. (âPBIOâ), as a potential mono-therapy and co-therapy option for hard-to-treat cancers. Originally viewed as a co-therapy, the pre-clinical data generated has given PBIO reason to believe that LB-1 will also be very effective as a mono-therapy.â As the company further explains: âIn Q1 of 2023, ProPhase collaborated with Eurofins, a globally recognized leading drug discovery company, to execute an in-depth analysis (KINOMEscan⢠Profiling Service) of Linebacker-1 to determine how many cancer-relevant kinases were affected by Linebacker-1 out of a possible 468 enzymes. ProPhase was excited to learn that numerous critically important kinase targets were inhibited more than 99%. Some of the most inhibited pathways are those well known to promote tumorigenesis, such as the phosphoinositide 3-kinase family (e.g., PIKfyive, PIP5k1 and 2) and the mitogen-activated protein kinase family (e.g., MEK3, 4, and 5).â Importantly: âthe Eurofins analysis revealed several unique targets affected by Linebacker-1 that cancer research organizations highlight as critically important, for which no other pharmaceutical company has developed drugs to treat. We believe the unique interplay of Linebacker with multiple cancer-dependent pathways will be a true differentiator within current treatment paradigms.â Furthermore: âIn line with these impressive results, Linebacker-1 has demonstrated strong preclinical potential in a number of difficult diseases, including tough-to-treat lung and gastric cancers. As development continues, we intend to position Linebacker-1 as a potential new option for cancer patients suffering from a current lack of quality treatment options.â Plus, yesterday, the company announced: - âProPhase Labs to Host First Quarter 2023 Financial Results Conference Call on Thursday, May 11, 2023 at 11:00 a.m. Eastern Timeâ PRPH has multiple potential catalysts in its favor to experience continued growth. Make sure to do your own due diligence. Sources: [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. 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