ProPhase Labs Inc. reported its financial results for the third quarter ended September 30, 2025. The company highlighted several value drivers, including the Crown Medical initiative, which has entered the settlement phase with a goal of collecting over $50 million in net accounts receivable. ProPhase also announced the next-phase commercialization of its BE-Smart™ Esophageal Cancer Test, following a landmark study published in the Official Journal of the American College of Gastroenterology. Additionally, the Nebula Genomics subsidiary is now profitable on a pro-forma basis. ProPhase indicated that these developments, along with multiple strategic and partnership inquiries, remain significantly undervalued by the market. The company emphasized the importance of shareholder voting on current proxy proposals to maintain NASDAQ compliance and advance strategic initiatives.