Precipio’s Q4-2023 Cash Burn From Operations (unaudited) drops below $100K for the full quarter

January 23, 2024

https://www.globenewswire.com/news-release/2024/01/23/2814262/0/en/Precipio-s-Q4-2023-Cash-Burn-From-Operations-unaudited-drops-below-100K-for-the-full-quarter.html

NEW HAVEN, Conn., Jan. 23, 2024 (GLOBE NEWSWIRE) — Specialty cancer diagnostics company Precipio, Inc. (NASDAQ:PRPO) announces that continued revenue growth generated cash levels that bring the company closer to breakeven. Cash Burn From Operations (CBFO) declined by over 90% from the previous quarter, from approximately $1M/quarter in Q3-2023 to below $100k/quarter in the following recent quarter Q4-2023.

Read more at globenewswire.com

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