Organovo Holdings Second Quarter 2024 Earnings: US$0.46 loss per share (vs US$0.38 loss in 2Q 2023)
Organovo Holdings (NASDAQ:ONVO) Second Quarter 2024 Results
Key Financial Results
Net loss: US$3.99m (loss widened by 20% from 2Q 2023).
US$0.46 loss per share (further deteriorated from US$0.38 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Organovo Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 21% from a week ago.
Risk Analysis
Before you take the next step you should know about the 5 warning signs for Organovo Holdings (3 make us uncomfortable!) that we have uncovered.
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