Filing Flows › Precipio (PRPO) › Q4 2024
Precipio (PRPO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Precipio (PRPO) reported revenue of $5.5M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +5% from the quarter before. Operating margin was -6.2%, net loss $365K (6.7% of revenue).
Precipio, Q4 2024: revenue $5.5M (+26% year over year), operating margin -6.2%, net loss $365K, operating cash flow $565K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +5% | +26% |
| Operating profit | −$336K | — | — |
| Net earnings | −$365K | — | — |
| Operating cash flow | $565K | 14× | +396% |
| Free cash flow | $521K | — | +702% |
What changed
Revenue was $5.5M in Q4 2024, up 26% year over year and up 5% from the previous quarter. Service revenue, net was the largest line at 88% of revenue.
Gross margin was 48.6%, up 2.1 points from a year earlier. Operating costs exceeded revenue by $336K, an operating margin of -6.2%. Operating expenses grew 4% against revenue growth of 26%. The quarter ended with a net loss of $365K, narrower than the previous quarter's $626K loss.
Operating cash flow was $565K (up 396% year over year). Non-cash charges added back $299K of depreciation and amortization and $437K of share-based compensation. Working capital and other items added $194K. Capital expenditures of $44K left free cash flow of $521K.
Questions
What was Precipio's revenue in the fourth quarter 2024?
Precipio (PRPO) reported revenue of $5.5M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +5% from the quarter before.
Was Precipio profitable in the fourth quarter 2024?
Operating loss was $336K (-6.2% of revenue) and net loss $365K.
Source: Precipio 10-K on SEC EDGAR.