Precipio, Inc. Files Q3 2024 10-Q
Ticker: PRPO · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 1043961
| Field | Detail |
|---|---|
| Company | Precipio, Inc. (PRPO) |
| Form Type | 10-Q |
| Filed Date | Nov 6, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, warrant-liabilities, common-stock
Related Tickers: PRPO
TL;DR
PRPO Q3 10-Q filed. Financials updated, warrant liabilities and common stock activity detailed.
AI Summary
Precipio, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial information, including warrant liabilities and common stock activity. Key dates mentioned include December 31, 2023, and September 30, 2024, for financial reporting periods.
Why It Matters
This filing provides investors with an update on Precipio, Inc.'s financial health and operational activities during the third quarter of 2024.
Risk Assessment
Risk Level: medium — The filing contains detailed financial data, including warrant liabilities and common stock activity, which can be complex and impact stock valuation.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 2023-12-31 — Prior Year End Date (Reference point for comparative financial data.)
Key Players & Entities
- Precipio, Inc. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of reporting period
- 2023-12-31 (date) — Prior period financial reporting date
- 0001043961 (company) — Central Index Key for Precipio, Inc.
FAQ
What were the key financial metrics reported for Precipio, Inc. in the 10-Q for the period ending September 30, 2024?
The filing details warrant liabilities and common stock activity, with specific dates like September 30, 2024, and December 31, 2023, referenced for financial reporting.
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.
When was Precipio, Inc. formerly known as Transgenomic Inc.?
The company was formerly known as Transgenomic Inc. and the date of the name change was January 19, 2000.
What is the business address of Precipio, Inc.?
The business address for Precipio, Inc. is 12325 Emmet St, Omaha, NE 68164.
What is the mail address for Precipio, Inc.?
The mail address for Precipio, Inc. is 4 Science Park, New Haven, CT 06511.
Filing Stats: 4,542 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-11-06 16:06:07
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PRPO The Nasdaq
Filing Documents
- prpo-20240930x10q.htm (10-Q) — 1855KB
- prpo-20240930xex10d1.htm (EX-10.1) — 12KB
- prpo-20240930xex31d1.htm (EX-31.1) — 13KB
- prpo-20240930xex31d2.htm (EX-31.2) — 14KB
- prpo-20240930xex32d1.htm (EX-32.1) — 6KB
- prpo-20240930xex32d2.htm (EX-32.2) — 6KB
- 0001558370-24-014619.txt ( ) — 8467KB
- prpo-20240930.xsd (EX-101.SCH) — 53KB
- prpo-20240930_cal.xml (EX-101.CAL) — 62KB
- prpo-20240930_def.xml (EX-101.DEF) — 253KB
- prpo-20240930_lab.xml (EX-101.LAB) — 448KB
- prpo-20240930_pre.xml (EX-101.PRE) — 384KB
- prpo-20240930x10q_htm.xml (XML) — 1657KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.
Controls and Procedures
Controls and Procedures 34 PART II. Other Information 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 2 . Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3 . Defaults Upon Senior Securities 40 Item 4 . Mine Safety Disclosures 41 Item 5 . Other Information 41 Item 6. Exhibits 41
Signatures
Signatures 42 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) September 30, 2024 December 31, 2023 ASSETS CURRENT ASSETS: Cash $ 1,053 $ 1,502 Accounts receivable (net of allowance for credit losses of $ 2,755 and $ 2,572 , respectively) 1,021 1,301 Inventories 590 384 Other current assets 591 495 Total current assets 3,255 3,682 PROPERTY AND EQUIPMENT, NET 753 739 OTHER ASSETS: Finance lease right-of-use assets, net 342 174 Operating lease right-of-use assets, net 447 612 Intangibles, net 12,106 12,818 Other assets 48 76 Total assets $ 16,951 $ 18,101 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long-term debt, less debt issuance costs $ 444 $ 235 Current maturities of finance lease liabilities 103 132 Current maturities of operating lease liabilities 205 218 Accounts payable 701 622 Accrued expenses 2,743 1,824 Deferred revenue 282 110 Total current liabilities 4,478 3,141 LONG TERM LIABILITIES: Long-term debt, less current maturities and debt issuance costs 84 106 Finance lease liabilities, less current maturities 190 18 Operating lease liabilities, less current maturities 254 407 Total liabilities 5,006 3,672 COMMITMENTS AND CONTINGENCIES (Note 5) STOCKHOLDERS' EQUITY: Preferred stock - $ 0.01 par value, 15,000,000 shares authorized at September 30, 2024 and December 31, 2023, 47 shares issued and outstanding at September 30, 2024 and December 31, 2023, liquidation preference of $ 39 at September 30, 2024 — — Common stock, $ 0.01 par value, 150,000,000 shares authorized at September 30, 2024 and December 31, 2023, 1,482,133 and 1,420,125 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 15 14 Additional paid-in capital 114,005