Brief: Precipio’s Q3 Cash Burn From Operations (Unaudited) Declines 59% YoY, From $2.5M In Q3-2022 To Approximately $1M In Q3-2023

Precipio

03/10/2023 15:06

Oct 3 (Reuters) - Precipio Inc  PRPO.O :
    * PRECIPIO’S Q3 CASH BURN FROM OPERATIONS (UNAUDITED)
DECLINES 59%
YOY, FROM $2.5M IN Q3-2022 TO APPROXIMATELY $1M IN Q3-2023
    * PRECIPIO INC - MANAGEMENT HAS SET A TARGET OF REACHING
FINANCIAL
INDEPENDENCE WITH ITS CURRENT CASH RESERVES
    * PRECIPIO INC - MANAGEMENT ANTICIPATES THAT IT HAS
SUFFICIENT
CASH TO REACH BREAKEVEN, AVOIDING ANY SIGNIFICANTLY DILUTIVE
CAPITAL RAISE TRANSACTIONS

Source text for Eikon:  ID:nGNX27DXb 
Further company coverage:  PRPO.O 

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