Brief: Precipio Provides Status Update On Current Business Matters

Precipio

12/06/2024 14:07

June 12 (Reuters) - Precipio Inc  PRPO.O :
    * PRECIPIO PROVIDES STATUS UPDATE ON CURRENT BUSINESS
MATTERS
    * PRECIPIO INC - ANTICIPATE THAT IN NEXT QUARTER, Q3-2024,
PATHOLOGY DIVISION WILL RETURN TO EXCEEDING ITS BREAKEVEN POINT
    * PRECIPIO INC - PRECIPIO TOO WAS IMPACTED BY CHANGE
HEALTHCARE
HACKING AND SUBSEQUENT FREEZE ON CASH INFLOW FROM PATHOLOGY
SERVICES DIVISION
    * PRECIPIO INC - HAS TAKEN MEASURES TO SUPPLEMENT ITS CASH
SITUATION THROUGH SHORT-TERM LOANS, BOTH FROM CHANGE HEALTHCARE
AND INDEPENDENT SOURCES
    * PRECIPIO INC - EXPECT A RETURN TO NORMAL OPERATIONS IN
Q3-2024,
AND TO A QUICK RETURN OF ANY CHANGE HEALTHCARE LOANS
    * PRECIPIO INC - ANTICIPATE A GRADUAL REDUCTION IN CASH
BURN,
HEADING TOWARDS ANTICIPATED BREAKEVEN LATER IN YEAR

Source text for Eikon:  ID:nGNXbwglg0 
Further company coverage:  PRPO.O 

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