The following is a summary of the Precipio, Inc. (PRPO) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Pathology division reported $4.5 million in revenue for Q3, an 18% increase from Q2.

• Products division revenues increased by 13% over Q2, reaching $680,000.

• Reduced cash burn from $1 million in the year-ago period to $226,000, a 75% reduction.

Business Progress:

• Pathology division has sustained revenue above its breakeven point, continuing to generate positive cash flow and providing a non-dilutive R&D platform.

• Products division is poised for major growth with three key customers in varying stages of onboarding expected to significantly impact performance shortly.

• The company anticipates making a transition from survival to build mode, leveraging strong foundations for future growth.

Opportunities:

• Anticipated impact from three key product customers could majorly boost the Products division.

• Plan to increase visibility and investor education including participating in investor conferences and building analyst coverage.

Risks:

• Despite overall progress, the Products division has not yet achieved breakeven, posing potential financial sustainability issues.

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