The flat sequential revenue and sharp EBITDA deterioration are concerning for a micro-cap. Watch the May 18 shareholder call for clarity on product shipment timing and whether the new commercial team can convert the pipeline. If Q2 revenue does not re-accelerate above $7M, the stock may re-rate lower.
Price Chart
Executive Summary
Precipio reported Q1 2026 revenue of $6.71M (flat vs Q4 2025, up 36% YoY from $4.93M) but swung to an Adjusted EBITDA loss of -$0.16M from +$0.96M in Q4, driven by CMS reimbursement cuts, delayed product shipments, and new hiring costs. The company generated positive operating cash flow of $60K but GAAP net loss widened to -$1.4M from -$0.9M a year ago. The flat sequential revenue and sharp EBITDA deterioration overshadow the YoY growth, making this a mixed-to-bearish report for a $51M market cap company.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $6.71M (flat vs Q4 2025 $6.69M; +36% YoY from $4.93M)
- Adjusted EBITDA -$0.16M vs +$0.96M in Q4 2025, a $1.12M sequential swing
- GAAP net loss -$1.4M vs -$0.9M in Q1 2025
- Pathology revenue $6.05M (up from $5.9M Q4); product revenue $0.66M (down from $0.74M Q4, delayed shipment)
- Operating cash flow +$60K; total cash burn -$47K
- CMS cuts ($125K), product gross profit decline ($280K), new hiring costs ($250K), and Q4 bonus reversal ($360K) drove EBITDA swing
- No EPS consensus available; reported GAAP EPS not disclosed in release
Financial Impact
Revenue flat sequentially at ~$6.7M; Adjusted EBITDA swung from +$0.96M to -$0.16M; GAAP net loss widened by $0.5M YoY
Risk Factors
- Product revenue delayed to Q2 may not fully materialize, creating another miss
- CMS reimbursement cuts are structural, not one-time
- Cash burn remains negative on a total basis despite positive operating cash flow
- Micro-cap liquidity risk; any further deterioration could pressure the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295447 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 12w ago | Press Release | $22.13 $27.69 | ▲ +25.12% | ▲ +23.89% | $19.35 (−12.56%) |
Jun 12, 2026 19w ago | Press Release | $22.10 $23.80 | ▲ +7.69% | ▲ +5.91% | $19.35 (−12.44%) |
May 14, 2026 23w ago | Press Release | $26.04 $22.44 | ▼ −13.82% | ▼ −15.94% | $19.35 (−25.69%) |
US Market Status
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