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Last $1.32 USD
Change Today -0.01 / -0.75%
Volume 104.0
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

prophase labs inc (PRPH) Snapshot

Open
$1.32
Previous Close
$1.33
Day High
$1.32
Day Low
$1.32
52 Week High
05/13/14 - $2.23
52 Week Low
10/8/14 - $1.21
Market Cap
21.0M
Average Volume 10 Days
7.8K
EPS TTM
$-0.26
Shares Outstanding
15.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PROPHASE LABS INC (PRPH)

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prophase labs inc (PRPH) Details

ProPhase Labs, Inc. manufactures, markets, and distributes a range of homeopathic and health products in the United States. The company also researches and develops over-the-counter (OTC) drugs, natural base health products with supplements, personal care, and cosmeceutical products. It offers Cold-EEZE, a zinc gluconate lozenge used to reduce the duration of the common cold; and non-lozenge forms of its proprietary zinc gluconate formulation, including Cold-EEZE cold remedy QuickMelts and Cold-EEZE cold remedy oral spray. The company’s Cold-EEZE cold remedy QuickMelts product line consist of Cold-EEZE daytime/nighttime QuickMelts, Cold-EEZE Plus Immune Support + Energy QuickMelts, and Cold-EEZE plus multi-symptom QuickMelts. ProPhase Labs, Inc. also provides organic cough drops and a Vitamin C supplement under the Organix trademark; and contract manufacturing services of cough drop, dietary supplements, and other OTC cold remedy products for third parties, as well as produces private label lozenge products for retail customers. It markets its products through national chain, regional, specialty, and local retail stores. The company was formerly known as The Quigley Corporation and changed its name to ProPhase Labs, Inc. The company was founded in 1989 and is headquartered in Doylestown, Pennsylvania.

prophase labs inc (PRPH) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $775.0K
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

prophase labs inc (PRPH) Key Developments

ProPhase Labs, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

ProPhase Labs, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the three months ended December 31, 2014, the company reported net sales of $9.0 million as compared to net sales of $9.6 million for the three months ended December 31, 2013. The Company incurred a net loss of $676,000, or $0.04 per diluted share, compared to net income of $597,000, or $0.04 per share, for the three months ended December 31, 2013. Results for the fourth quarter of 2014 compared to the fourth quarter of 2013 principally reflect the net effect of a decrease in net sales of $631,000 principally due to a decrease in shipments, an increase in research and development costs of $177,000, an increase of $540,000 in administration costs due principally to an increase in personnel costs and legal and professional costs relating to litigation expenses, offset by a decrease in sales and marketing expenses of $135,000. Loss from operations was $674,000 compared to income from operations of $600,000 a year ago. Loss before income taxes was $676,000 compared to income before income taxes of $597,000 a year ago. For the year ended December 31, 2014, net sales were $22.1 million as compared to $25.0 million for the year ended December 31, 2013. The Company incurred a loss for the year ended December 31, 2014, of $7.8 million, or $0.46 per diluted share, as compared to net income of $405,000, or $0.03 per diluted share, for the year ended December 31, 2013. Results for the year ended December 31, 2014 compared to the year ended December 31, 2013 principally reflect the net effect of a decrease in net sales of $3.0 million principally due to a decrease in shipments and a decline in contract manufacturing of $433,000, an increase in research and development costs of $498,000, an increase of $2.2 million in administration costs due principally to an increase in personnel costs and legal and professional costs relating to litigation expenses, the impairment charge of $3.6 million, offset by a decrease in sales and marketing expenses of $573,000. Loss from operations was $7,828,000 compared to income from operations of $416,000 a year ago. Loss before income taxes was $7,834,000 compared to income before income taxes of $405,000 a year ago.

ProPhase Labs, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

ProPhase Labs, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $5,130,000 compared to $5,949,000 a year ago. Loss from operations was $3,215,000 compared to income from operations of $1,239,000 a year ago. Loss before income tax was $3,216,000 compared to income before income tax of $1,236,000 a year ago. Net loss was $3,216,000 or $0.18 per basic and diluted share compared to net income of $1,236,000 or $0.08 per basic and diluted share a year ago. Results for the third quarter of 2014 compared to the third quarter of 2013 principally reflect the net effect of a decrease in net sales of $819,000 principally due to a decline in contract manufacturing sales of $566,000, an increase in research and development costs of $175,000, an increase of $611,000 in administration costs due principally to an increase in legal and professional costs relating to litigation expenses arising from prior pending litigation, the Impairment Charge of $3.6 million, offset by a decrease in sales and marketing expenses of $216,000. For the nine months, the company reported net sales of $13,098,000 compared to $15,430,000 a year ago. Loss from operations was $7,154,000 compared to $186,000 a year ago. Loss before income tax was $7,158,000 compared to $193,000 a year ago. Net loss was $7,158,000 or $0.42 per basic and diluted share compared to $193,000 or $0.01 per basic and diluted share a year ago. The financial results for the nine months ended September 30, 2014 as compared to nine months ended September 30, 2013 reflect the net effect of a decrease of revenues due principally to: industry data suggesting there was reduction in the incidence of upper respiratory disorders from period to period and, as a consequence, the timing of purchases and the ultimate level of demand for products, and a decrease of approximately $700,000 in contract manufacturing sales, and an increase of $1.7 million in administration costs due principally to an increase in legal and professional costs principally relating to now resolved litigation matters, an increase in research and development expenditures of $321,000 as the company seeks to expand future product offerings to consumers, the Impairment Charge of $3.6 million, offset by a decrease in sales and marketing expenses of $439,000 as a consequence of the fluctuation from period to period of the timing and scope of marketing initiatives.

ProPhase Labs, Inc. Finalizes Resolution of Long-Standing Litigations

ProPhase Labs, Inc. announced the company has consummated a definitive, global Settlement Agreement resolving all of its litigation with certain of the company's former managers and with certain shareholders. The cases that have been settled include ProPhase Labs, Inc. v. Quigley, et al., Court of Common Pleas of Bucks County, Pennsylvania, Civ. A. No. 2010-08227; ProPhase Labs, Inc. v. Quigley, et al., Court of Common Pleas of Bucks County, Pennsylvania, Civ. A. No. 2011-09815; the appeal filed by the plaintiff in the matter Quigley v. ProPhase Labs. Inc.'s Officers and Directors, el al, Court of Common Pleas of Philadelphia County, December Term, 2011, No. 111200409; together with certain ancillary litigation. Terms of the Settlement: The Settlement Agreement resolving these matters provides in part that the parties adverse to the Company in the two Bucks County cases will: return to the company up to 3,896,764 shares of the company's common stock for which they are listed as the record owners to the company; and remit $440,000 to the company. The Settlement Agreement also provides that the company, in turn, will fund, or will deduct from the exercise price to be paid if the option is exercised, up to $500,000 for the benefit of one of the defendants, to defray certain costs and expenses associated with the transactions concerning the Option Shares. Pursuant to the Settlement Agreement, the parties also have agreed to a mutual release of all claims, a standstill agreement whereby, for a period of ten years, the adverse parties will not acquire company shares, and the dismissal of all pending litigation involving the company, its directors and affiliates on the one hand, and the other parties.

 

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