XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue, net of contractual allowances and adjustments $ 4,569 $ 2,295 $ 11,043 $ 7,268
Adjustment for allowance for doubtful accounts (51) (80) (175) (247)
Net sales 4,518 2,215 10,868 7,021
Total cost of sales 2,633 1,779 6,863 5,109
Gross profit 1,885 436 4,005 1,912
OPERATING EXPENSES:        
Operating expenses 3,333 3,665 10,771 12,383
OPERATING LOSS (1,448) (3,229) (6,766) (10,471)
OTHER (EXPENSE) INCOME:        
Interest expense, net (7) (6) (12) (6)
Warrant revaluation   59   578
Gain on settlement of liability   3   4
Total other (expense) income (7) 56 (12) 576
LOSS BEFORE INCOME TAXES (1,455) (3,173) (6,778) (9,895)
NET LOSS (1,455) (3,173) (6,778) (9,895)
Less: Net income attributable to noncontrolling interest in joint venture   (6)   (18)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS $ (1,455) $ (3,179) $ (6,778) $ (9,913)
LOSS PER COMMON SHARE, BASIC [1] $ (1.04) $ (2.79) $ (5.39) $ (8.72)
LOSS PER COMMON SHARE, DILUTED $ (1.04) $ (2.79) $ (5.39) $ (8.72)
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC [1] 1,394,596 1,138,345 1,258,633 1,136,414
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, DILUTED 1,394,596 1,138,345 1,258,633 1,136,414
Service revenue, net        
Revenue, net of contractual allowances and adjustments $ 3,738 $ 2,060 $ 8,574 $ 6,291
Adjustment for allowance for doubtful accounts (51) (80) (175) (247)
Net sales 3,687 1,980 8,399 6,044
Total cost of sales 2,401 1,512 6,050 4,414
Other revenue        
Revenue, net of contractual allowances and adjustments 831 235 2,469 977
Net sales 831 235 2,469 977
Total cost of sales $ 232 $ 267 $ 813 $ 695
[1] Net loss per share and the number of shares used in the per share calculations for all periods presented reflect the one-for-twenty reverse stock split, which was effected on September 21, 2023.