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Stockreport

Precipio Announces Third Quarter 2018 Revenues Estimated to be 2.4 Times Third Quarter of 2017 Revenues

PRECIPIO (PRPO)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: precipiodx.com/investors.html
PDF Fourth consecutive Quarter of Triple-Digit Year-over-Year Quarterly Revenue Growth; Year-to-Date Revenues Increased 163% over First Three Quarters of 2017 NEW HAVEN, Conn., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO), announced preliminary third quarter results representing continued triple digit percentage year-over-year quarterly revenue growth. On a preliminary basis, revenue for the third quarter of 2018 is expected to be approximately $648,000 versus $270,000 for the third quarter of 2017 - an increase of 140%. As a reminder, in Q2-2018, Q1-2018, and Q4-2017, year-over-year revenue increases were 215%, 187% and 199%, respectively.  Year-to date revenue for the first three quarters of 2018 is estimated at $2.1M, a $1.3M increase over the $0.8M in revenue from the first three quarters of 2017, representing a 163% increase. Pathology services, Precipio’s core business, showed quarter over quarter sequential gr [Read more]

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