Precipio ( (PRPO) ) has released its Q4 earnings. Here is a breakdown of the information Precipio presented to its investors.
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Precipio, Inc. is a healthcare biotechnology company specializing in cancer diagnostics, aiming to improve diagnostic accuracy and patient outcomes through innovative products and services. In its latest earnings report, Precipio announced significant achievements for the fourth quarter of 2024, including positive adjusted EBITDA and cash flow, marking a step towards financial independence. The company reported an adjusted EBITDA of $0.4 million and an increase in cash flow by $0.3 million, highlighting its ability to generate sufficient cash from its pathology service division to fund research and development and invest in its high-value product business. Despite potential fluctuations in financial performance due to factors like insurance deductibles, Precipio’s management remains optimistic about achieving profitability, supported by current cash reserves and a robust growth pipeline. CEO Ilan Danieli emphasized the importance of these financial results, indicating that the company can now focus on growth and value creation without relying on external capital infusions.