Precipio, Inc.

PRPO Nasdaq Healthcare · Laboratory Analytical Instruments New Haven, CT www.precipiodx.com/
$22.18
Mkt Cap 39.7M

Healthcare diagnostics company providing clinical laboratory testing and diagnostic products focused on improving accuracy in cancer diagnosis, particularly blood cancers.

From the annual report

We are a healthcare biotechnology company with a mission to battle the systemic problem of disease misdiagnosis, by focusing on improving cancer diagnostics, particularly, hematologic malignancies. Our objective is to enhance diagnostic accuracy and accessibility while building a sustainable business model that supports ongoing innovation. We aim to achieve this through a combination of clinical laboratory services and proprietary diagnostic product development. By integrating diagnostic services with product development, our service business doubles as a self-funded research and development ( R&D ) unit, enabling us to achieve rapid and cost-efficient innovation rather than being a major cost center for us. This unique integrated operating structure is the foundation of our approach to research, development, and product commercialization. Unlike other companies that rely primarily on stand-alone research facilities or external clinical validation programs, our clinical laboratory operations enables our R&D team to evaluate, refine, and validate diagnostic products in the course of routine clinical testing activities, and at incremental cost. Through these activities, we generate clinical data, operational experience, and specimen access that support ongoing assay development and product improvement. While these activities are initially conducted to provide diagnostic services to patients and their healthcare providers, they also contribute to product development and validation processes.

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REVENUE TTM
$60.8M
FCF TTM
$789.0K
P/FCF
50.3x
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