- Predictive Oncology’s CEO Carl Schwartz published open letter to company’s shareholders
- Schwartz elaborated on various developments within each of POAI’s divisions, has reiterated his optimism on company’s operations going forward
- CEO also revealed that company’s revenue trends have stabilized and are now on upward trend with cash burn beginning to decline
- Company also revealed its ability to access over $10 million in undrawn equity lines of credit
Carl Schwartz, the CEO of Predictive Oncology (NASDAQ: POAI), a knowledge-driven medicine company that focuses on applying data and artificial intelligence (“AI”) to cancer personalized medicine and drug discovery, has recently published a letter to the company’s shareholders elaborating on the company’s latest achievements as well as their prospects going forward (https://ibn.fm/L1mA8).
Within his letter, Schwartz addressed the latest developments within each of the company’s business verticals and stressed that in spite of the tumultuous global economy, Predictive Oncology was witnessing both stable and rising revenues along with declining levels of cash burns. Schwartz also detailed that the company’s balance sheet was still quite resilient with access to over $10 million in equity capital able to be drawn down from their…
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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