Zacks Initiates Coverage of Precipio With Outperform Recommendation Thu, Sep 5, 2024, 3:47 PM GMT+2 2 min read 0 In this article: [Yahoo! Finance]
Precipio, Inc. (PRPO)
US:NASDAQ Investor Relations:
precipiodx.com/investors.html
Company Research
Source: Yahoo! Finance
This bullish stance reflects the company's path to profitability and robust positioning within the cancer diagnostics space. Precipio, currently operating from New Haven, CT, focuses on cancer diagnostics. The company, which aims to address the incidence of cancer misdiagnoses through the development of diagnostic products and services, operates clinical laboratories in New Haven, CT, and Omaha, NE, where it provides essential blood cancer diagnostics. Precipio saw a strong sequential revenue increase of 30% in second-quarter 2024, reaching $4.4 million. This growth was fueled by the company's Pathology and Products divisions, both of which are on the cusp of achieving profitability. The Pathology division has already hit breakeven, and the Products arm is expected to follow by the end of fourth-quarter 2024, positioning the company on track for overall profitability soon after. Despite improvements in cash flow, the company's cash reserves remain at $1.3 million, leaving limite
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PRPO
News
- Precipio Third Quarter 2024 Earnings: US$0.42 loss per share (vs US$1.04 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Precipio Announces Q3-2024 Shareholder Update CallGlobeNewswire
- Precipio Expands Bloodhound™ MPN Panel by Adding CALR Mutation SubtypingGlobeNewswire
- Precipio Announces Employee Stock Option Plan RepricingGlobeNewswire
- Precipio GAAP EPS of -$0.83, revenue of $4.44M [Seeking Alpha]Seeking Alpha
PRPO
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/7/24 - Form 8-K
- PRPO's page on the SEC website