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Organovo Holdings, Inc. Message Board

  • chimakot chimakot Nov 15, 2012 4:23 PM Flag

    The 10Q was a debacle

    Did any of you read the report? YIKES!!!
    It's only going to get worse, people.
    ---------------------------------------------------------------------------------------------------------------------

    Since inception, the Company incurred negative cash flows from operations. As of September 30, 2012, the Company had cash and cash equivalents of $7,675,918 and an accumulated deficit of $40,679,249. The Company also had negative cash flow from operations of $7,713,708 during the nine months ended September 30, 2012. At September 30, 2011, the Company had cash of $56,469 and an accumulated deficit of $4,192,601.

    At September 30, 2012, the Company had total current assets of $8,228,092 and current liabilities of $976,225, resulting in working capital of $7,251,867. At September 30, 2011, we had total current assets of $553,003 and current liabilities of $3,223,845, resulting in a working capital deficit of $2,670,842.

    Net cash used by operating activities for the nine months ended September 30, 2012 was $7,713,708. The Company raised approximately $13.8 million in gross proceeds from the sale of common stock, and $848,213 in revenue during the first nine months of 2012.

    Net cash used by operating activities for the nine months ended September 30, 2011 was $959,065.

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    • it's not bad at all. Or what did you expect? That a research company is making profit? It's just a matter of finding the money to keep doing research and at the end bring a product on the market that everyone want... If ONVO can create what they are trying to create this will be a new step in history and make ONVO a multipultitripelbillion company... The question here isn't "is ONVO making profit"... the question is "can they find the money to keep on working" and the awnser is... YES THEY CAN FOR THE NEXT 12 MONTHS.... O yeah, you can read the report and understand it. But it seems to me you don't understand what ONVO is doing at the workfloor. Kind of stupid, don't you think?

      Sentiment: Strong Buy

    • Hey Man, you're stealing my material! But seriously, most retail investors don't even read the 10Q because they have no formal financial statement analysis training. So sad...

 
ONVO
5.83-0.31(-5.05%)Oct 22 4:01 PMEDT

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