Fubotv earnings beat by $0.10, revenue topped estimates
In a recent transaction disclosed through an SEC filing, Ahmed Zaki Sabet, the Chief Operating Officer of Precipio, Inc. (NASDAQ:PRPO), acquired 79 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock has declined nearly 18% over the past week, trading significantly below its Fair Value. The shares were purchased on April 2, 2025, at a price of $5.9968 per share, totaling approximately $473. This acquisition was made under a 10b5-1 plan, which allows company insiders to set up a trading plan for selling or buying stocks at a predetermined time, thereby avoiding concerns about insider trading. Following this transaction, Sabet’s total direct ownership in Precipio stands at 939 shares. While the company currently shows a "GOOD" Financial Health score according to InvestingPro, analysts are particularly optimistic about its prospects, with consensus forecasts indicating profitability this year. Discover more insights about PRPO and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively on InvestingPro.
In other recent news, Precipio Inc. reported a strong performance in the fourth quarter of 2024, achieving nearly 26% revenue growth compared to the previous year. The company also reported positive adjusted EBITDA and cash flow for the quarter. Precipio’s pathology division exceeded its breakeven point for the second consecutive quarter, contributing significantly to the company’s financial health. The products division generated $700,000 in quarterly revenue, aligning with the company’s strategic focus on expanding its customer base and improving revenue predictability. Precipio aims to achieve a $25 million run rate for its pathology division by 2025 and plans to double its products division revenue by the end of the year. CEO Elon Daniele emphasized a strategic shift towards offensive business strategies, highlighting the company’s commitment to innovation and strategic growth. Additionally, Precipio is preparing to onboard two large institutional customers, which is expected to bolster its revenue base. The company’s outlook for 2025 and 2026 anticipates continued growth, with earnings per share forecasts of $12.78 and $21.35, respectively.
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