Precipio Reports $0.3M Cash Generated By Operations In Q2 2024
Portfolio Pulse from Benzinga Newsdesk
Precipio, Inc. (NASDAQ:PRPO) reported $0.3M cash generated from operations in Q2 2024, partly due to delayed cash collections from Q1. The company has $1.3M in cash reserves and is optimistic about reaching breakeven by year-end.
July 25, 2024 | 1:09 pm
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Precipio reported $0.3M cash generated from operations in Q2 2024, partly due to delayed cash collections from Q1. The company has $1.3M in cash reserves and is optimistic about reaching breakeven by year-end.
The positive cash generation and optimistic outlook for breakeven by year-end are likely to boost investor confidence in PRPO, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100