Organovo (ONVO) Reports Q4 Loss of $0.10, Offers FY18 Guidance
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Organovo Announces Fiscal Fourth-Quarter and Full-Year 2017 Results; Company Issues Full-Year Fiscal 2018 Outlook
June 7, 2017 4:05 PM EDTSAN 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
