Precipio, Inc. (PRPO) financial statements (2022 and earlier)

Company profile

Business Address 12325 EMMET ST
OMAHA, NE 68164
State of Incorp. DE
Fiscal Year End December 31
SIC 3826 - Laboratory Analytical Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,6682,656848381421110444
Cash and cash equivalents11,6682,656848381421110444
Receivables697874574690730225264
Inventory, net of allowances, customer advances and progress billings5643501841971612450
Inventory5643501841971612450
Disposal group, including discontinued operation     311,987
Other current assets549324272525430105537
Total current assets:13,4784,2041,8781,7931,7424953,282
Noncurrent Assets
Finance lease, right-of-use asset371  
Operating lease, right-of-use asset858335519
Property, plant and equipment836452431496353144259
Intangible assets, net (including goodwill)14,71715,66716,65819,29125,1435621,170
Goodwill    4,685  
Intangible assets, net (excluding goodwill)14,71715,66716,65819,29120,4585621,170
Other noncurrent assets1795525252258105
Total noncurrent assets:16,96116,50917,63319,81225,5187641,534
TOTAL ASSETS:30,43920,71319,51121,60527,2601,2594,816
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7813,7293,5757,1096,35110,3117,836
Accounts payable1,8631,6931,9365,1695,1036,5413,781
Accrued liabilities1,9182,0361,6391,9401,2483,5463,734
Employee-related liabilities     224321
Deferred revenue18635
Debt2489215823206377,8147,596
Disposal group, including discontinued operation      264
Deferred revenue and credits4966170217
Deferred tax liabilities70   
Other liabilities   1,9102,9821,5291,068
Other undisclosed current liabilities166 1424,307   
Total current liabilities:4,2134,6564,33413,76510,03619,82416,981
Noncurrent Liabilities
Long-term debt and lease obligation8565706344082,942  
Long-term debt, excluding current maturities 3621982532,829  
Finance lease, liability159116119
Capital lease obligations155113  
Operating lease, liability69792317
Liabilities, other than long-term debt   4567203305
Other liabilities   4567203305
Other undisclosed noncurrent liabilities691,3251,3381,2641,190582350
Total noncurrent liabilities:1,6221,8951,9721,7174,199785655
Total liabilities:5,8356,5516,30615,48214,23520,60917,636
Stockholders' equity
Stockholders' equity attributable to parent24,56414,13513,2056,12313,025(19,350)(12,820)
Preferred stock     240
Common stock22717679345102264139
Additional paid in capital104,43185,52374,06553,47444,465205,877200,403
Accumulated other comprehensive income      10
Accumulated deficit(80,094)(71,564)(60,939)(47,696)(31,542)(225,493)(213,412)
Stockholders' equity attributable to noncontrolling interest4027     
Total stockholders' equity:24,60414,16213,2056,12313,025(19,350)(12,820)
TOTAL LIABILITIES AND EQUITY:30,43920,71319,51121,60527,2601,2594,816

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,8496,0923,1272,8641,7231,5571,653
Revenue, net1,7231,5571,653
Cost of revenue
(Cost of Goods and Services Sold)
(6,457)(4,942)(2,908)(2,639)(1,431)(1,762)(1,940)
Gross profit:2,3921,150219225292(205)(287)
Operating expenses(12,005)(10,296)(11,213)(14,137)(15,803)(7,614)(8,908)
Operating loss:(9,613)(9,146)(10,994)(13,912)(15,511)(7,819)(9,195)
Nonoperating income (expense)  (415)267 (1)(14)
Investment income, nonoperating  (415)267   
Other nonoperating expense     (1)(14)
Interest and debt expense794(1,225)(1,890)(1,337)(834)  
Loss from continuing operations before equity method investments, income taxes:(8,819)(10,371)(13,299)(14,982)(16,345)(7,820)(9,209)
Other undisclosed income (loss) from continuing operations before income taxes302(227)(14)(991)(4,349)(449)(929)
Loss from continuing operations before income taxes:(8,517)(10,598)(13,313)(15,973)(20,694)(8,269)(10,138)
Income tax benefit  70279   
Net loss:(8,517)(10,598)(13,243)(15,694)(20,694)(8,269)(10,138)
Net loss attributable to noncontrolling interest(13)(27)     
Other undisclosed net income (loss) attributable to parent     653(22,816)
Net loss attributable to parent:(8,530)(10,625)(13,243)(15,694)(20,694)(7,616)(32,954)
Preferred stock dividends and other adjustments (3,344) (4,222)(12,515)(393)(1,324)
Net loss available to common stockholders, diluted:(8,530)(13,969)(13,243)(19,916)(33,209)(8,009)(34,278)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(8,517)(10,598)(13,243)(15,694)(20,694)(8,269)(10,138)
Comprehensive loss:(8,517)(10,598)(13,243)(15,694)(20,694)(8,269)(10,138)
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(27)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     653(23,146)
Comprehensive loss, net of tax, attributable to parent:(8,530)(10,625)(13,243)(15,694)(20,694)(7,616)(33,284)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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