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Precipio Inc - PRPO STOCK NEWS

Welcome to our dedicated page for Precipio news (Ticker: PRPO), a resource for investors and traders seeking the latest updates and insights on Precipio stock.

Precipio Inc (PRPO) delivers innovative cancer diagnostics through advanced testing technologies and strategic research partnerships. This news hub provides investors and healthcare professionals with essential updates on the company's progress in personalized medicine and laboratory services.

Access official press releases covering financial results, diagnostic product launches, and collaborations with leading medical institutions. Our curated collection ensures timely updates on regulatory milestones, clinical validation studies, and operational developments within Precipio's CLIA-certified laboratories.

Key focus areas include advancements in blood cancer diagnostics, molecular testing innovations, and partnerships enhancing precision oncology. All content maintains strict compliance with financial disclosure standards, offering neutral reporting on material business developments.

Bookmark this page for streamlined access to Precipio's latest announcements, or check back regularly for updates impacting the oncology diagnostics sector. For historical context, explore archived releases demonstrating the company's ongoing commitment to reducing diagnostic errors in cancer care.

Rhea-AI Summary
Precipio, Inc. (NASDAQ: PRPO) to hold Q3-2023 corporate update call on November 20th, 2023 at 5:00 PM ET. The call will cover updates on all core businesses. Participants can pre-register for the call and submit questions in advance.
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Precipio, Inc. reports a 28% revenue increase in Q3-2023, reaching $4.5M.
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Precipio, Inc. anticipates reaching breakeven with current cash reserves, reducing Cash Burn From Operations (CBFO) by 59% compared to last year. September revenues are expected to exceed $1.4M, driving down CBFO. New orders in the Products division contribute to breakeven target. Management expects sufficient cash to reach breakeven and avoid dilutive capital raises.
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Precipio, Inc. expects new customer orders to bring Q4 HemeScreen revenues to $1.2M, reaching 80% of their goal. The company's close rate is high and few customers decline the solution. Management aims to capture a significant portion of the $400M TAM.
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Specialty cancer diagnostics company Precipio, Inc. has reduced its product revenue breakeven point from $8M to $6M annually, thanks to higher pathology revenues and operational efficiencies. This is 25% below previous estimates and brings the company closer to cash flow breakeven. Increased pathology revenues, improved gross margins, and cost reduction initiatives are the key factors driving this positive change. Management believes that the company will be able to reach financial independence with its existing cash reserves.
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Precipio, Inc. announces 1-for-20 reverse stock split to regain compliance with Nasdaq minimum bid price requirement.
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Precipio, Inc.'s Pathology Division exceeded the monthly breakeven revenue goal in August, with unaudited revenues surpassing $1.2M, indicating potential profitability. Management is confident that this momentum will continue into September. The Products Division is also experiencing growth, particularly with the recently launched Quantitative BCR-ABL1 assay. Cash burn is decreasing as expenses are managed and cost initiatives take effect, bringing the company closer to breakeven. The CEO expresses optimism about achieving financial independence and creating value for shareholders.
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Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO) announces significant reductions in cash burn. For the six months ended June 30, 2023, cash burn is projected to be $3.1M, a reduction of $1.1M from the same period in 2022. Q2-2023 cash burn decreased to $1.4M from Q1-2023. The company expects further reductions in cash burn in Q3 and Q4 through operational efficiency and cost-cutting initiatives.
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Precipio Inc

Nasdaq:PRPO

PRPO Rankings

PRPO Stock Data

8.72M
1.30M
12.6%
4.95%
0.72%
Diagnostics & Research
Laboratory Analytical Instruments
Link
United States
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