Precipio, Inc. reported its financial results for the third quarter of 2024, with revenue reaching US$5.21 million. This represents a 15% increase compared to the third quarter of 2023, demonstrating continued top-line growth for the company.
The company also significantly reduced its net loss per share, reporting a US$0.42 loss per share for Q3 2024. This is an improvement from the US$1.04 loss per share recorded in the prior-year period, indicating enhanced financial efficiency.
Highlights from the Q3 2024 earnings call further noted strong growth in diagnostic services and a reduced cash burn. Management acknowledged ongoing challenges in product division profitability but emphasized efforts in investor education and overall operational improvements.
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