Shares of the Predictive Oncology Inc. (POAI) stock were gloomy in the current market trading session today on January 13, 2022. POAI stock price saw a downtrend of 5.49% to drop at $0.91 a share at the time of this writing. The trading volume on the last check was 2,417,091. Let’s deep dive to understand more about it.
What’s Happening?
POAI stock became bearish in the current market after the company announced the preliminary results of its Discovery 2021 program. Helomics subsidiary’s evaluation demonstrated that the combination of Artificial Intelligence (AI) program CoRE™ with the tumor profile data can reveal potential new chemotherapy drug uses by matching ovarian cancer cell samples.
In the Discovery 2021 program, PeDAL™ has been created by combining the proprietary knowledge base of Helomics, the AI Machine Learning Program, and its TruTumor™ platform. PeDAL™ is a new and unique approach to the discovery of the drug that accelerates the selection process to analyze potential lead compounds for use in all cancers, not just ovarian. Predictive Oncology is looking forward to partnering with biopharmaceutical companies.
Financial View of POAI stock
The company on November 11, 2021, did announce third-quarter 2021 financial results according to which
- The company generated $313,663 for the three months ended September 30, 2021. In the first nine months of 2021, the revenue was $480,757 for the POAI stock.
- The gross profit of the POAI stock was 65% in the third quarter of 2021. In the first nine months of 2021, the gross profit was 63%.
- The company reported $648,935 operation expenses in the third quarter of 2021. This represents an increase of $80,169 from the same quarter of last year. The increase is mainly due to high staff and computing costs.
- Net cash for the operating activities in the third quarter of 2021 for the company was $8,464,82 In the first nine months of 2021, the net cash for the operating activities was $9,953,785 of the company.
- The company spent $172,86 in sales and marketing expenses in the last reported quarter. This represents an increase of $51,355 from the same tenure of the previous year.
Conclusion
The sentiment in the social media platforms like Reddit, StockTwits is not positive for the POAI stock, causing the decline in the per-share price of the stock. From the investment perspective, it is better to deeply research the company’s fundamentals and future growth before making any decision.
