Organovo Holdings Inc. (ONVO) Financial Statements (2024 and earlier)

Company Profile

Business Address 11555 SORRENTO VALLEY ROAD
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
MRQ
3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9015,29516,00128,67537,36427,356
Cash and cash equivalents2,9015,29515,30128,67537,36427,356
Short-term investments   700   
Receivables3333152  111
Inventory, net of allowances, customer advances and progress billings297     
Inventory297     
Prepaid expense 256     
Other current assets 4     
Other undisclosed current assets4459138958581,034851
Total current assets:3,9366,24117,04829,53338,39828,318
Noncurrent Assets
Operating lease, right-of-use asset1,2991,4031,7052,153  
Property, plant and equipment669739902662381 
Restricted cash and investments100143100100100 
Other noncurrent assets     1,027123
Other undisclosed noncurrent assets34535555884811 
Total noncurrent assets:2,4132,6403,2653,7631,519123
TOTAL ASSETS:6,3498,88120,31333,29639,91728,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3541,1983,1799047211,810
Accounts payable627471331415281720
Accrued liabilities7277272,8484894401,090
Other liabilities98191    
Other undisclosed current liabilities408311492479  
Total current liabilities:1,8601,7003,6711,3837211,810
Noncurrent Liabilities
Long-term debt and lease obligation:    1,704  
Liabilities, other than long-term debt2,5889991,313   
Liability for uncertainty in income taxes 1,700     
Operating lease, liability8889991,3131,704  
Other undisclosed noncurrent liabilities (1,700)  (1,704)  
Total noncurrent liabilities:8889991,3131,704  
Total liabilities:2,7482,6994,9843,0877211,810
Equity
Equity, attributable to parent3,6016,18215,32930,20939,19626,631
Common stock1010999131
Treasury stock, value(1)(1)(1)(1)(1) 
Additional paid in capital343,261342,796340,317337,940335,479305,965
Accumulated other comprehensive income  12   
Accumulated deficit(339,669)(336,624)(324,998)(307,739)(296,291)(279,465)
Total equity:3,6016,18215,32930,20939,19626,631
TOTAL LIABILITIES AND EQUITY:6,3498,88120,31333,29639,91728,441

Income Statement (P&L) ($ in thousands)

6/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Revenues1094503701,500 2,196
Cost of revenue     (300)
Cost of goods and services sold     (328)
Gross profit:109803701,500 1,896
Operating expenses(15,595)(20,605)(18,101)(12,979)(16,826)(23,343)
Other undisclosed operating income (loss)400370   (28)
Operating loss:(15,086)(20,155)(17,731)(11,479)(16,826)(21,475)
Nonoperating income4178094743322,767
Investment income, nonoperating405354454815594
Other nonoperating income    2561,535
Loss from continuing operations before income taxes:(14,669)(19,346)(17,257)(11,446)(16,824)(18,708)
Income tax expense(2)(2)(2)(2)(2)(2)
Loss from continuing operations:(14,671)(19,348)(17,259)(11,448)(16,826)(18,710)
Loss before gain (loss) on sale of properties:(11,448)(16,826)(18,710)
Net loss available to common stockholders, diluted:(14,671)(19,348)(17,259)(11,448)(16,826)(18,710)

Comprehensive Income ($ in thousands)

6/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Net loss:(14,671)(19,348)(17,259)(11,448)(16,826)(18,710)
Comprehensive loss:(14,671)(19,348)(17,259)(11,448)(16,826)(18,710)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)12   
Comprehensive loss, net of tax, attributable to parent:(14,673)(19,347)(17,257)(11,448)(16,826)(18,710)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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