U.S. Markets open in 4 hrs 18 mins

Organovo reports 1Q loss

SAN DIEGO (AP) _ Organovo Holdings Inc. (ONVO) on Wednesday reported a loss of $10.1 million in its fiscal first quarter.

The San Diego-based company said it had a loss of 10 cents per share.

The development-stage company focused on commercializing functional human tissue for drug and biological research posted revenue of $990,000 in the period.

Organovo expects full-year revenue in the range of $6 million to $8.5 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.08. A year ago, they were trading at $4.61.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONVO at https://www.zacks.com/ap/ONVO


Keywords: Organovo, Earnings Report