Organovo reports FY results

Organovo (ONVO) FY14 Revenues: collaborations/grants: $0.4M; product: $0; SG&A expenses: $13.1M; R&D expenses: $8M; net loss: ($25.8M); loss/share: ($0.35); CF Ops: ($15.6M); cash & equivalents: $48.2M.

YOY comparisons are not included because management chose to not to disclose FY13 results. In the income and cash flow statements, it lists results for FY14, FY12 and FY11 but not FY13. Fiscal Q4's results aren't listed either, just Q413 vs Q412.

Management's obfuscation in its reporting underscores its controversial nature. It undermines management's credibility and lends credence to bears' view that its long-term value proposition of printing human organs is a myth.

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Comments (7)
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
    An incomplete report that's months late.


    period ended Mar 31st yet it is just now reported?
    12 Jun 2014, 09:03 AM Reply Like
  • kleemc
    , contributor
    Comments (112) | Send Message
    Really? I thought they already published their FY 2013 10K. How can they hide?
    12 Jun 2014, 09:27 AM Reply Like
  • ECapo
    , contributor
    Comments (735) | Send Message
    nothing new here.
    12 Jun 2014, 09:48 AM Reply Like
  • HibiscusAnole
    , contributor
    Comments (34) | Send Message
    A university in Australia or New Zealand did successfully print a kidney.
    12 Jun 2014, 10:56 AM Reply Like
  • chrisbar
    , contributor
    Comments (2) | Send Message
    6/16/04 $6.80 Strong Sell ! Look at the TA charts ! Charts do not lie! Any move up into the $7.00-$7.50 range-Short!
    Longs should consider selling your position
    16 Jun 2014, 10:30 AM Reply Like
  • ECapo
    , contributor
    Comments (735) | Send Message
    chrisbar.. new to SA I see...I guess you are short and worrying?
    17 Jun 2014, 10:06 AM Reply Like
  • Ancient Hombre
    , contributor
    Comments (42) | Send Message
    What are the insiders doing?
    26 Jun 2014, 01:54 PM Reply Like
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