Organovo Holdings Inc reports results for the quarter ended in December - Earnings Summary

VivoSim Labs

09/02/2024 07:20

* Organovo Holdings Inc  ONVO.OQ  reported a quarterly
adjusted
loss of 40 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -37 cents.  The lone analyst forecast for the quarter was
for a loss of 50 cents per share. 
    * Revenue fell 96.2% to $5.00 thousand from a year ago;
analysts
expected $120.00 million. 
    * Organovo Holdings Inc's reported EPS for the quarter was a
loss
of 40 cents​.
    * The company reported a quarterly loss of $3.6 million.
    * Organovo Holdings Inc shares had fallen by 9.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Organovo
Holdings
Inc is $12.15 

This summary was machine generated from LSEG data February 9 at
07:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.50          -0.40          Beat
 Sep. 30 2023      -0.43          -0.46          Missed
                                  -0.86