Precipio Inc. Files 10-Q, Details Warrant Liabilities
Ticker: PRPO · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 1043961
| Field | Detail |
|---|---|
| Company | Precipio, Inc. (PRPO) |
| Form Type | 10-Q |
| Filed Date | Aug 13, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, warrants
TL;DR
PRPO 10-Q filed: Warrant liability inputs updated, common stock activity detailed.
AI Summary
Precipio, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information, including warrant liabilities and common stock activity. Specific inputs for measuring warrant liabilities, such as risk-free interest rates and price volatility, were noted as of December 31, 2023, and June 30, 2024.
Why It Matters
This filing provides investors with an update on Precipio's financial health and the valuation of its outstanding warrants, which can impact the company's equity structure.
Risk Assessment
Risk Level: medium — The filing contains details about financial instruments like warrants, which can introduce volatility and complexity to the company's financial structure.
Key Numbers
- 1420125 — Warrant Liabilities (Value as of June 30, 2024)
- 1469540 — Warrant Liabilities (Value as of December 31, 2023)
Key Players & Entities
- Precipio, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 2023-12-31 (date) — Date for warrant liability measurement inputs
- 2024-06-30 (date) — Date for warrant liability measurement inputs
- TRANSGENOMIC INC (company) — Former company name
FAQ
What were the key inputs used to measure Precipio's warrant liabilities as of December 31, 2023?
The key inputs included risk-free interest rates, price volatility, and expected term, with both minimum and maximum values provided for each.
How did Precipio's warrant liabilities change between December 31, 2023, and June 30, 2024?
Warrant liabilities decreased from $1,469,540 as of December 31, 2023, to $1,420,125 as of June 30, 2024.
What is the SIC code for Precipio, Inc.?
The Standard Industrial Classification (SIC) code for Precipio, Inc. is 3826, which corresponds to Laboratory Analytical Instruments.
What is the fiscal year end for Precipio, Inc.?
Precipio, Inc.'s fiscal year ends on December 31.
What was the period covered by the common stock activity mentioned in the filing?
The filing mentions common stock activity for the periods April 1, 2023, to June 30, 2023, and January 1, 2023, to June 30, 2023.
Filing Stats: 4,581 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-08-13 16:05:33
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PRPO The Nasdaq
Filing Documents
- prpo-20240630x10q.htm (10-Q) — 1767KB
- prpo-20240630xex31d1.htm (EX-31.1) — 13KB
- prpo-20240630xex31d2.htm (EX-31.2) — 14KB
- prpo-20240630xex32d1.htm (EX-32.1) — 6KB
- prpo-20240630xex32d2.htm (EX-32.2) — 6KB
- 0001558370-24-012053.txt ( ) — 8253KB
- prpo-20240630.xsd (EX-101.SCH) — 51KB
- prpo-20240630_cal.xml (EX-101.CAL) — 62KB
- prpo-20240630_def.xml (EX-101.DEF) — 248KB
- prpo-20240630_lab.xml (EX-101.LAB) — 433KB
- prpo-20240630_pre.xml (EX-101.PRE) — 376KB
- prpo-20240630x10q_htm.xml (XML) — 1628KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.
Controls and Procedures
Controls and Procedures 33 PART II. Other Information 35 Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2 . Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3 . Defaults Upon Senior Securities 38 Item 4 . Mine Safety Disclosures 38 Item 5 . Other Information 38 Item 6. Exhibits 39
Signatures
Signatures 40 2 Table of Contents PART 1. FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements PRECIPIO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share data) (unaudited) June 30, 2024 December 31, 2023 ASSETS CURRENT ASSETS: Cash $ 1,279 $ 1,502 Accounts receivable (net of allowance for credit losses of $ 2,684 and $ 2,572 , respectively) 1,107 1,301 Inventories 653 384 Other current assets 325 495 Total current assets 3,364 3,682 PROPERTY AND EQUIPMENT, NET 683 739 OTHER ASSETS: Finance lease right-of-use assets, net 372 174 Operating lease right-of-use assets, net 498 612 Intangibles, net 12,343 12,818 Other assets 58 76 Total assets $ 17,318 $ 18,101 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long-term debt, less debt issuance costs $ 249 $ 235 Current maturities of finance lease liabilities 105 132 Current maturities of operating lease liabilities 208 218 Accounts payable 855 622 Accrued expenses 2,918 1,824 Deferred revenue 260 110 Total current liabilities 4,595 3,141 LONG TERM LIABILITIES: Long-term debt, less current maturities and debt issuance costs 92 106 Finance lease liabilities, less current maturities 215 18 Operating lease liabilities, less current maturities 301 407 Total liabilities 5,203 3,672 COMMITMENTS AND CONTINGENCIES (Note 5) STOCKHOLDERS' EQUITY: Preferred stock - $ 0.01 par value, 15,000,000 shares authorized at June 30, 2024 and December 31, 2023, 47 shares issued and outstanding at June 30, 2024 and December 31, 2023, liquidation preference of $ 30 at June 30, 2024 — — Common stock, $ 0.01 par value, 150,000,000 shares authorized at June 30, 2024 and December 31, 2023, 1,469,540 and 1,420,125 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 14 14 Additional paid-in capital 113,550 112,565 Accumulated deficit