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Organovo Reports Q3 2012 Financial Results, Provides Business Update
Date:11/16/2012

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1,515,824Grants95,477

95,477

56,925

759,589Total Revenues469,238

231,974

848,213

606,138

2,498,913Cost of product revenue—

50,584

133,607Selling, general, and administrative expenses2,981,481

550,157

4,939,403

1,129,597

7,605,440Research and development

expenses1,105,456

304,251

2,305,311

1,013,981

5,503,699Loss from Operations(3,617,699)

(622,434)

(6,396,501)

(1,588,024)

(10,743,833)Other Income (Expense)Fair value of warrant liabilities

in excess of proceeds received

(19,019,422)

(19,019,422 )Change in fair value of warrant

liabilities 

42,252,357

(5,190,637)

(5,197,206)Financing transaction costs in

excess of proceeds received

(2,129,500)

(2,129,500)Loss on disposal of fixed assets

(158,366)

(158,366)

(158,366)Interest expense(203)

(182,320)

(1,087,656)

(294,245)

(3,406,098)Interest income1,358

3,342

5,348Other income (expense)596

(488)

(8,953)

(2,038)

(30,172)Total Other Income (Expense)42,095,742

(182,808)

(27,591,192)

(296,283)

(29,935,416)Net Loss$ 38,478,043

$
(805,242)

$
(33,987,693)

$
(1,884,307)

$ (40,679,249)Net income (loss) per common share - basic

$
.87

$
(0.07)

$
(0.86)

$
(0.16)Net income (loss) per common share -  diluted

$
.69

$
(0
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SOURCE Organovo Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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