Theralink Technologies, Inc. Reports Earnings Results for the Full Year Ended September 30, 2020
September 28, 2021 at 01:14 am IST
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Theralink Technologies, Inc. announced earnings results for the full year ended September 30, 2020. For the full year, the company announced sales was USD 181,229. Operating loss was USD 3.356 million compared to USD 1.485 million a year ago. Net loss was USD 3.170 million compared to USD 1.597 million a year ago. Basic loss per share from continuing operations was USD 0.06.
Theralink Technologies, Inc. is a proteomics-based, precision medicine company. The Company's technology, through its patented phosphoprotein and protein biomarker platform and lab developed tests (LDTs), targets multiple areas of oncology and drug development. Its LDT, the Theralink Assay for Breast Cancer, is utilized by oncologists across the United States to assist in making the targeted treatment plan for their patients with advanced breast cancer. The Company is also working on a second assay for advanced breast cancer that is planned to be pan-tumor for solid tumors across multiple tumor types, such as ovarian, endometrial, liver, head and neck, colorectal, lung, and prostate, among others. It provides precision oncology data through its Theralink Reverse Phase Protein Array assays to assist the biopharmaceutical industry and clinical oncologists in identifying likely responders and non-responders to both Food and Drug Administration approved and investigational drug treatments.