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Stock impact report

Precipio Inc (PRPO) Q3 2024 Earnings Call Highlights: Strong Growth in Diagnostic Services and ... [Yahoo! Finance]

Precipio, Inc. (PRPO) 
US:NASDAQ Investor Relations: precipiodx.com/investors.html
Company Research Source: Yahoo! Finance
Precipio Inc ( NASDAQ:PRPO ) achieved a significant milestone by crossing the 10,000 case mark for the year, up from 8,000 in 2023, indicating strong growth in their diagnostic services. The pathology division exceeded its break-even point for the second consecutive quarter, with revenues increasing by 18% from the previous quarter. The company reported a 75% reduction in cash burn compared to the same period in 2023, demonstrating improved financial efficiency. Precipio Inc ( NASDAQ:PRPO ) is on track to reach its goal of breaking even in 2024, which would eliminate the need for dilutive capital raises. The product division is showing steady progress with a 13% revenue increase over Q2, and the onboarding of key customers is expected to significantly impact future performance. The product division has not yet reached its break-even point, indicating ongoing challenges in achieving profitability in this segment. Despite improvements, the company still faces risks and unce Show less Read more
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