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Dec 31, 2024
Precipio Q4 2024 Earnings Report
Key Takeaways
Precipio, Inc. reported positive Adjusted EBITDA of $0.4 million and a positive cash flow increase of $0.3 million in Q4 2024, indicating a significant step towards financial independence and profitability.
Achieved positive Adjusted EBITDA of $0.4 million for Q4 2024.
Reported a positive cash flow increase of $0.3 million in Q4 2024.
Demonstrated the ability to generate sufficient positive cash flow from pathology services to fund R&D and product business growth.
Management believes the company is on track to become profitable, despite potential Q1 fluctuations due to insurance deductibles.
Forward Guidance
Precipio anticipates continued progress towards profitability and financial independence, leveraging current cash reserves and growth pipeline, despite potential short-term fluctuations.
Positive Outlook
- Company is on track to turn the corner and become a profitable company.
- Ability to make decisions based on growth and value creation without cash conservation constraints.
- Focus on building capabilities and channeling resources towards product development and business growth.
- Current cash reserves and growth pipeline support future endeavors.
- Anticipates an exciting year ahead for the company.
Challenges Ahead
- Financial performance in future quarters may fluctuate from positive to negative due to various factors.
- Pathology business revenues and cash receipts are typically reduced in Q1 due to renewed insurance deductibles.
- Operating results in Q1 may be affected by insurance deductibles, though less so in Q2.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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