Organovo (ONVO) Tops Q2 EPS by 1c

November 3, 2016 4:59 PM EDT
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Organovo (NASDAQ: ONVO) reported Q2 EPS of ($0.10), $0.01 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.38 million.

Fiscal-Year 2017 Outlook

The Company affirmed its full-year fiscal 2017 outlook for total revenue and net cash utilization. The Company continues to expect:

  • Total revenue of between $4.5 million and $6.2 million for fiscal-year 2017. Fiscal 2016 total revenue was $1.5 million.
  • Net cash utilization of between $31.0 million and $34.0 million for fiscal-year 2017. The Company had a cash and cash equivalents balance of $62.1 million for its fiscal year ended March 31, 2016.
Fiscal-Year 2017 Outlook (October 2016)Fiscal-Year 2017 Outlook (November 2016)
Fiscal-Year 2017Total Revenue$4.5 million - $6.2 millionAffirmed
Net Cash Utilization$31.0 million - $34.0 millionAffirmed

For earnings history and earnings-related data on Organovo (ONVO) click here.

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