Item 2.02 Results of Operations and Financial Condition.
On
The information in this Item 2.02, and Exhibit 99.1 attached hereto, is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in this current report shall not be
incorporated by reference into any registration statement or other document
filed with the
Item 2.05 Costs Associated with Exit or Disposal Activities.
On
The Company estimates that it will incur charges of approximately
Item 8.01 Other Events.
On
The Company is also filing this current report to disclose that it intends to
cease COVID-19 testing at the end of
Forward-Looking Statements
This report contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, the Company can give
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no assurance that such expectations and assumptions will prove to be correct.
Forward-looking statements are generally identifiable by the use of words like
"may," "will," "should," "could," "expect," "anticipate," "estimate," "believe,"
"intend," "goal," or "project," or the negative of these words or other
variations on these words or comparable terminology. To the extent that
statements in this report are not strictly historical, including, without
limitation, statements regarding the potential strategic alternatives the
Company is exploring and any potential enhancement of shareholder value or other
benefit to the Company's shareholders; the Company's projected year-end cash
position; the potential preservation or extension of the Company's cash runway;
estimated expenses to be incurred in connection with the Company's planned
workforce reduction and other statements related to the planned workforce
reduction; the Company's plan to cease COVID-19 testing; and other statements
that are not historical fact, such statements are forward-looking, and are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous risks
and uncertainties, including risks related to preliminary financial results as
described above, risks related to the Company's business, the evolution of the
COVID-19 pandemic, market risks, the Company's need for additional capital, and
the risk that the Company's products and services may not perform as expected.
These and other factors are described in greater detail under the "Risk Factors"
heading of the Company's Quarterly Report on Form 10-Q for the quarter
ended
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 99.1 Press Release datedJanuary 6, 2023 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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