Precipio's Q4 cash burn from operations drops below $100K for full quarter [Seeking Alpha]
Precipio, Inc. (PRPO)
US:NASDAQ Investor Relations:
precipiodx.com/investors.html
Company Research
Source: Seeking Alpha
the previous quarter, from about $1M/quarter in Q3-2023 to below $100k/quarter in the following recent quarter Q4-2023. The company said continued revenue growth generated cash levels that bring the company closer to breakeven. Precipio's end of quarter cash balance changed from approximately $1.5M at the end of Q3-2024, to approximately $1.4M as of Dec 31, 2023. However, the company cautions that Q1-2024 may not demonstrate the same results, for several reasons. First, the pathology business typically experiences a seasonal decline during the year-end holidays, which would impact revenue and cash receipts going into the start of Q1-2024. Second, many insurance plans reset at the start of the calendar year. This means that patients must first meet their deductibles before insurance payments begin to kick in. PRPO is to $6.19. Recommended For You
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News
- Precipio Announces Year end 2023 Shareholder Update CallGlobeNewswire
- Precipio to Report $15.2M for FY-2023 (unaudited) Revenues, an increase of 60% YoY [Yahoo! Finance]Yahoo! Finance
- Precipio to Report $15.2M for FY-2023 (unaudited) Revenues, an increase of 60% YoYGlobeNewswire
- Precipio and Cardinal Health Sign Distribution Agreement for its HemeScreen® Portfolio of Molecular assays for CancerGlobeNewswire
PRPO
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- PRPO's page on the SEC website