Organovo (ONVO) Reports Q4 Loss of $0.10, Offers FY18 Guidance

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Go back to Organovo (ONVO) Reports Q4 Loss of $0.10, Offers FY18 Guidance

Organovo Announces Fiscal Fourth-Quarter and Full-Year 2017 Results; Company Issues Full-Year Fiscal 2018 Outlook

June 7, 2017 4:05 PM EDT

SAN DIEGO, June 07, 2017 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (NASDAQ: ONVO) (Organovo) today reported financial results for the fiscal fourth quarter of 2017 and issued its full-year fiscal 2018 outlook.  Organovo reported fiscal fourth-quarter total revenue of $0.8 million, which consisted largely of product and service revenue(1).  Total revenue increased 48 percent versus the comparable period of fiscal 2016.  Net loss was $10.7 million, or $0.10 per share, for the fiscal fourth quarter of 2017, as compared to $8.4 million, or $0.09 per share, for the fiscal fourth quarter of 2016.

Fiscal 2017 was a year of significant commercial progress for Organovo, as we... More