Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, has released financial results from its first quarter, the period ending March 31, 2022. Highlights from the report include recognized revenue of $314,568 for the quarter, up from $280,317 reported for the same period in 2021; a decrease in general and administrative expenses from $3.3 million on March 31, 2021, to $2.4 million on March 31, 2022; and gross profit margin remaining steady at approximately 65% for March 31, 2022, and March 2021, respectively. In addition, the company noted that it has not reported any long-term debt obligations in its capital structure and it is moving forward with commercialization of its Discovery 21 and PeDAL(R) platform. “We are extremely excited that our technology provides a significant competitive advantage to our business offerings,” said Predictive Oncology chair and CEO J. Melville Engle in the press release. “Our CRO services business applies PeDAL to address a range of needs from discovery through clinical and translational research, to clinical trials and diagnostic development and validation. We believe this market segment has significant growth potential for Predictive Oncology and we believe we are differentiated from traditional CRO’s and other Artificial Intelligence companies through this unique asset.”
To view the full press release, visit https://ibn.fm/CQZ3p
About Predictive Oncology Inc.
Predictive Oncology operates through four segments (Skyline, Helomics, zPREDICTA and Soluble), which covers five subsidiaries: Helomics, TumorGenesis, Skyline Medical, zPREDICTA and Soluble Biotech. TumorGenesis is the company’s arm for research and development for zPREDICTA, Soluble Biotech and Helomics. This subsidiary is also involved in media which aid cancer cells grow outside the body of patients and preserve their proteomic and RNA/DNA signatures. Helomics Holding Corporation is involved in applying artificial intelligence (“AI”) in the company’s precision medicine business, to offer AI-driven predictive models of tumor drug response to enhance clinical results for patients and to aid diagnostic, biotech and pharmaceutical industries in the new personalized diagnostics and drugs development. Skyline Medical Inc.’s STREAMWAY System is a fully automated, wall-mounted system that is utilized to dispose of an unlimited quantity of suction fluid offering continuous performance for medical practitioners while effectively eradicating healthcare professional’s exposure to potentially infectious liquids gathered during surgical and other medical operations. Soluble Biotech Inc. is involved in research focused on protein production, stability studies and solubility improvements. zPREDICTA Inc. carries out tumor-specific research using vitro models for oncology and drug development. For more information about the company, please visit www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI
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