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

 
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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

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