SAN DIEGO, Oct. 04, 2017 (GLOBE NEWSWIRE) — Organovo Holdings, Inc. (NASDAQ:ONVO) (Organovo) today reported preliminary unaudited total revenue for the fiscal second quarter of 2018. The Company expects to release full fiscal second-quarter financial results on November 9, 2017. The Company also announced a restructuring plan to improve operational efficiency.
Selected Organovo Financial Highlights
- Preliminary fiscal second quarter total revenue is expected to be between $1.3 million and $1.4 million, consisting largely of product and service revenue. At the midpoint, this result reflects a 2 percent decrease in total revenue versus the comparable period of fiscal 2017 and a 36 percent increase versus the fiscal first quarter …
Read the full article at: https://globenewswire.com/news-release/2017/10/04/1140947/0/en/Organovo-Announces-Preliminary-Fiscal-Second-Quarter-Total-Revenue-Company-Restructures-to-Improve-Operational-Efficiency.html