Brief: Precipio Inc Projected To Report Cash Burn Of $3.1 Mln For 6 Months Ended June 30

Precipio

03/08/2023 14:03

Aug 3 (Reuters) - Precipio Inc  PRPO.O :
    * PRECIPIO INC - FOR SIX MONTHS ENDED JUNE 30, 2023,
PROJECTED TO
REPORT CASH BURN (EXCLUDING FINANCING PROCEEDS) OF $3.1M
    * PRECIPIO INC - Q2-2023 CASH BURN HAS DECLINED TO $1.4M
FROM
$1.7M IN Q1-2023, A DECREASE OF 20% QOQ
    * PRECIPIO INC - EXPECT FURTHER REDUCTIONS IN REPORTED CASH
BURN
IN BOTH Q3 AND Q4 IN BOTH LAB SERVICES AND NEW PRODUCTS

Source text for Eikon:  ID:nGNXkR8SM 
Further company coverage:  PRPO.O 

 ((Reuters.Briefs@thomsonreuters.com;))