Precipio, Inc. (PRPO) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,44511,6682,656848381421
Cash and cash equivalents3,44511,6682,656848381421
Receivables1,036697874574690730
Inventory, net of allowances, customer advances and progress billings708564350184197161
Inventory708564350184197161
Other current assets521549324272525430
Total current assets:5,71013,4784,2041,8781,7931,742
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization257371  
Operating lease, right-of-use asset763858335519
Property, plant and equipment877836452431496353
Intangible assets, net (including goodwill)13,76814,71715,66716,65819,29125,143
Goodwill      4,685
Intangible assets, net (excluding goodwill)13,76814,71715,66716,65819,29120,458
Other noncurrent assets12917955252522
Total noncurrent assets:15,79416,96116,50917,63319,81225,518
TOTAL ASSETS:21,50430,43920,71319,51121,60527,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6263,7813,7293,5757,1096,351
Accounts payable2,0421,8631,6931,9365,1695,103
Accrued liabilities1,5841,9182,0361,6391,9401,248
Deferred revenue11918635
Debt417248921582320637
Deferred revenue and credits4966
Deferred tax liabilities70 
Other liabilities     1,9102,982
Other undisclosed current liabilities199166 1424,307 
Total current liabilities:4,3614,2134,6564,33413,76510,036
Noncurrent Liabilities
Long-term debt and lease obligation2028565706344082,942
Long-term debt, excluding current maturities134 3621982532,829
Capital lease obligations155113
Finance lease, liability68159116119
Liabilities, other than long-term debt574   4567
Other liabilities     4567
Operating lease, liability57469792317
Other undisclosed noncurrent liabilities  691,3251,3381,2641,190
Total noncurrent liabilities:7761,6221,8951,9721,7174,199
Total liabilities:5,1375,8356,5516,30615,48214,235
Equity
Equity, attributable to parent16,30224,56414,13513,2056,12313,025
Common stock22822717679345102
Additional paid in capital108,371104,43185,52374,06553,47444,465
Accumulated deficit(92,297)(80,094)(71,564)(60,939)(47,696)(31,542)
Equity, attributable to noncontrolling interest654027   
Total equity:16,36724,60414,16213,2056,12313,025
TOTAL LIABILITIES AND EQUITY:21,50430,43920,71319,51121,60527,260

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,4128,8496,0923,1272,8641,723
Revenue, net1,723
Cost of revenue
(Cost of Goods and Services Sold)
(6,902)(6,457)(4,942)(2,908)(2,639)(1,431)
Gross profit:2,5102,3921,150219225292
Operating expenses(15,307)(12,005)(10,296)(11,213)(14,137)(15,803)
Operating loss:(12,797)(9,613)(9,146)(10,994)(13,912)(15,511)
Nonoperating income (expense)
(Investment Income, Nonoperating)
    (415)267 
Interest and debt expense  794(1,225)(1,890)(1,337)(834)
Loss from continuing operations before equity method investments, income taxes:(12,797)(8,819)(10,371)(13,299)(14,982)(16,345)
Other undisclosed income (loss) from continuing operations before income taxes619302(227)(14)(991)(4,349)
Loss from continuing operations before income taxes:(12,178)(8,517)(10,598)(13,313)(15,973)(20,694)
Income tax benefit    70279 
Loss from continuing operations:(12,178)(8,517)(10,598)(13,243)(15,694)(20,694)
Loss before gain (loss) on sale of properties:(8,517)(10,598)(13,243)(15,694)(20,694)
Net loss:(12,178)(8,517)(10,598)(13,243)(15,694)(20,694)
Net loss attributable to noncontrolling interest(25)(13)(27)   
Net loss attributable to parent:(12,203)(8,530)(10,625)(13,243)(15,694)(20,694)
Preferred stock dividends and other adjustments   (3,344) (4,222)(12,515)
Net loss available to common stockholders, diluted:(12,203)(8,530)(13,969)(13,243)(19,916)(33,209)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(12,178)(8,517)(10,598)(13,243)(15,694)(20,694)
Comprehensive loss:(12,178)(8,517)(10,598)(13,243)(15,694)(20,694)
Comprehensive loss, net of tax, attributable to noncontrolling interest(25)(13)(27)   
Comprehensive loss, net of tax, attributable to parent:(12,203)(8,530)(10,625)(13,243)(15,694)(20,694)

Statements Sources

The financial statements are based on the Company's filings with 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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