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Hooper Holmes reaffirms 2016 guidance, gives business update

Hooper Holmes Inc.on April 6 reaffirmed its 2016 total year guidance and issued an update to the goingconcern included in its Form 10-Kfiled March 30.

In the filing, the company noted uncertainty regarding its abilityto generate sufficient cash flows and liquidity to fund operations. To improve itsbalance sheet, Hooper Holmes has raised a total of $4.7 million in capital duringthe first quarter, including a rights offeringthat raised more than $3.5 million and a $1.2 million investment from private equity firm 200 NNH LLC through thesale of 10 million shares.

The company continues to be on track to generate at least $42million in revenue in 2016, President and CEO Henry Dubois said in a news release.The company expects to be EBITDA and operating cash flow positive for the year,Dubois added.