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Organovo (ONVO) Announces Fiscal Second-Quarter 2017 Results; Company Affirms Full-Year Fiscal 2017 And Long-Range Outlook



11/4/2016 8:19:44 AM

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SAN DIEGO, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (NASDAQ:ONVO) (“Organovo”), a three-dimensional biology company focused on delivering scientific and medical breakthroughs using its 3D bioprinting technology, today reported financial results for the fiscal second quarter of 2017 and affirmed its full-year fiscal 2017 and long-range outlook. Net loss was $9.4 million, or $0.10 per share, for the fiscal second quarter of 2017, as compared to $11.3 million, or $0.12 per share, for the fiscal second quarter of 2016.

Organovo reported fiscal second-quarter total revenue of $1.4 million, which consisted largely of product and service revenue(1). Total revenue increased 358 percent versus the comparable period of fiscal 2016 and 54 percent versus the fiscal first quarter of 2017.

Read at GlobeNewswire


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