Precipio Reports Third Quarter Revenue of $7.3 Million
Precipio (PRPO) has released its third-quarter financial results, reporting revenue of $7.3 million. The company reported an adjusted EBITDA loss of $0.4 million, a slight improvement compared to the $0.5 million loss recorded in the same quarter of the previous year. The company demonstrated positive cash flow from operations totaling $0.6 million during the period. This contributed to a total cash increase of $0.5 million, bringing the end-of-quarter cash balance to over $3.5 million, up significantly from $2.3 million in the third quarter of the prior year.
Topics: cash flow EBITDA financial results revenue