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TickerPRPO
SectorMedical - Diagnostics & Research
Mkt cap$53M
EV / EBITDA34.7×
PostureRestatement Risk
Composite72/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1043961

Precipio, Inc.

PRPORESTATEMENT RISKFILING INTENSITY

Precipio, Inc. reads as Restatement Risk (composite 72/100); pressure / disclosure signals dominate the posture this cycle · primary market Life Sciences.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

72

/100

Restatement Risk dominates · Filing Intensity

Financial snapshot
Revenue$24M
EBITDA$1M
Enterprise value$51M
EV / Revenue2.1×
EV / EBITDA34.7×
P/EN/A
Cash$3M
Total debt$83K
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

4/100

Companies actively deploying disclosed capital into M&A

  • $9M disclosed buyer spend

Buyer Cadence

14/100

Buyer-side companies with recent filing activity

  • Filed within 34d
  • 332 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 49 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 49 activism filings

Pressure Watch

20/100

Issuers facing activism, governance, or control pressure

  • 49 activism filings
  • Latest activism 7.7y ago; heavily discounted

Distress Watch

44/100

Issuers showing financial-distress filing patterns

  • 10-Q 207d stale
  • 49 activism filings

Restatement Risk

Dominant
72/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • 6 auditor changes
  • 16 NT late filings
  • Latest event 1.2y ago

Capital Velocity

70/100

Issuers with the highest filing-activity intensity

  • 332 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $51M
  • 10-Q 207d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    33%
  • Technology Acquisition
    33%
  • Geographic Expansion
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
  • geographic_expansion
  • bolt_on
  • platform
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We are advancing personalized medicine in cardiology, oncology, and inherited diseases through our proprietary molecular technologies and world-class clinical research services.

10-KFY2012

We anticipate growth in all three of our business units as we commercialize new technologies and tests we have developed internally, in-licensed, or acquired.

10-KFY2012

We work to broaden the range of products and services we deliver to customers in target markets through acquisitions, investments and alliances.

10-KFY2014

We expect to seek to acquire businesses, technologies or products that will complement or expand our existing business.

10-KFY2014

we commercialize new technologies and tests we have developed internally, in-licensed, or acquired

10-KFY2013
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Life Sciences

Market spend (2023–2025)
$68.3B
Market spend (2020–2022)
$107.5B
Recent vs prior
−36%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

34.7×EV / EBITDA

PRPO trades at a +18.7-turn premium to the Life Sciences peer median of 16.1×.

EV / Revenue
2.1×
Net debt / EBITDA
-1.8×
Peer median EV / EBITDA
16.1×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Precipio, Inc.PRPO
34.7×2.1×-1.8×$24MN/A
19.1×4.7×-0.0×$45.2B$10.8B
18.8×4.3×-0.3×$20.6B$8B
13.3×3.5×-0.1×$35.5B$2.2B
13.1×1.9×-0.2×$14.1B$2.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Life Sciences. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)332026-03-30
  • 10-Q (quarterly)822025-11-14
  • 8-K (event)3322026-05-06
  • Proxy / DEF 14A552026-04-28
  • Activism (13D / DFAN / PREC)492018-09-14

Signals on file

  • critical

    Non-reliance disclosure

    2005-05-27

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2025-04-10

    6 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2019-05-15

    16 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2018-09-14

    49 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Precipio, Inc.: Issuer Brief | SE-Cluster