Organovo (ONVO) Enters Multi-Year Research Collaboration Agreement with Merck (MRK)
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Organovo (ONVO) Report Prelim. Q4, FY14 Revenue Modestly Below Expectations
April 21, 2015 5:07 PM EDTOrganovo (NYSE: ONVO) announced preliminary financial information (unaudited) for the fourth quarter and fiscal year ended March 31, 2015.
Based on preliminary financial information for the fiscal quarter and year-ended March 31, 2015, Organovo estimates:
Total net revenues of approximately $268 thousand for the quarter, and approximately $571 thousand for the fiscal yearTotal net cash utilization during fiscal 2015 fourth quarter and fiscal year ended March 31, 2015 of approximately $6.3 million and $21.1 million, respectively; andThe Company closed the year with cash and cash equivalents of approximately $50.1 million*** The... More
