May. 13 at 12:13 PM
$IDXG From the POV of 12 months ago? This was a spectacular quarter. The transition from post PancraGen to thyroid only has been spectacular. The elimination of the debt? A gigantic leap forward. Increased thyroid revenues? Reductiomn of costs? All spot on.
From the perspective of 3 months ago? Mildly disappointing. The good news is that they maintained their guidance and margins are improving. But the
$9MM.X in revenue and the
$1.6MM in EBITDA were a touch light. Was hoping for
$2.0MM in EBITDA to make a compelling story for a sale. And the
$9MM.X in revenue equates to
$36MM meaning they have to pick up the pace to meet guidance.
Have felt that we need at least 5 clean thyroid quarters before IDXG can be sold. We're now at 3. Hoping Q2 is closer to
$10MM in revenue than
$9MM