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Organovo reports 4Q loss

SAN DIEGO (AP) _ Organovo Holdings Inc. (ONVO) on Wednesday reported a loss of $10.7 million in its fiscal fourth quarter.

On a per-share basis, the San Diego-based company said it had a loss of 10 cents.

The development-stage company focused on commercializing functional human tissue for drug and biological research posted revenue of $812,000 in the period.

For the year, the company reported that its loss narrowed to $38.4 million, or 39 cents per share. Revenue was reported as $4.2 million.

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 $2.83. A year ago, they were trading at $3.01.


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