Will Organovo Holdings Inc (PINK:ONVO) Cover Its Losses

Repost This

Las Vegas, NV -- (SBWIRE) -- 01/28/2013 -- Organovo Holdings Inc (PINK:ONVO) has been in investors’ eye since long. The share price also performed well in its last trading session posting the gain of 7.82 percent to close at $4.69. The upward movement was also supported by volume figure of 2.04 million shares as compared to its average volume of 1.37 million shares per day.

Organovo Holdings Inc hasn’t been able to report any profits and stands with loss of $1.50 per share. Looking at its last quarter the company reported the revenue of $469,238 for the period ending September 30th, 2012. The revenue figure was mostly generated from collaboration fees from Pfizer, United Therapeutics and National Institutes of Health Grant. The company’s expenses are almost 182 percent of its revenue.

This can be assumed that once the company starts generating operational revenues, it won’t take much of an effort to get into profitability.

The company also reported that its current working capital stands at $7.2 million which is enough to support the company’s operations for next 12 months.

To find out what OTCMAGIC projects for Organovo Holdings Inc for both short term and long term please click here: ONVO

OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Stock Picks!

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.