$ONVO
ORGANOVO HOLDINGS, INC.

2014 Q4 Form 10-Q Financial Statement

#000156459016012451 Filed on February 08, 2016

View on sec.gov

Income Statement

Concept 2014 Q4
Revenue $155.0K
YoY Change 14.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.878M
YoY Change 63.01%
% of Gross Profit
Research & Development $3.240M
YoY Change 37.35%
% of Gross Profit
Depreciation & Amortization $120.0K
YoY Change 20.0%
% of Gross Profit
Operating Expenses $3.878M
YoY Change -18.15%
Operating Profit -$6.961M
YoY Change 50.48%
Interest Expense -$30.00K
YoY Change -94.83%
% of Operating Profit
Other Income/Expense, Net -$32.00K
YoY Change -94.5%
Pretax Income -$6.990M
YoY Change 34.17%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.993M
YoY Change 34.27%
Net Earnings / Revenue -4511.61%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.739M
COMMON SHARES
Basic Shares Outstanding 80.50M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.03M
YoY Change 0.42%
Cash & Equivalents $50.03M
Short-Term Investments
Other Short-Term Assets $370.0K
YoY Change -40.32%
Inventory $69.00K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $50.47M
YoY Change -0.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.440M
YoY Change 57.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $83.00K
YoY Change -9.78%
Total Long-Term Assets $1.602M
YoY Change 47.51%
TOTAL ASSETS
Total Short-Term Assets $50.47M
Total Long-Term Assets $1.602M
Total Assets $52.07M
YoY Change 0.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $495.0K
YoY Change 59.16%
Accrued Expenses $2.028M
YoY Change 30.08%
Deferred Revenue
YoY Change
Short-Term Debt $300.0K
YoY Change
Long-Term Debt Due $10.00K
YoY Change 0.0%
Total Short-Term Liabilities $3.716M
YoY Change 28.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $40.00K
YoY Change 300.0%
Total Long-Term Liabilities $40.00K
YoY Change 100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.716M
Total Long-Term Liabilities $40.00K
Total Liabilities $3.760M
YoY Change 29.03%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $162.8M
YoY Change 211337.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.31M
YoY Change
Total Liabilities & Shareholders Equity $52.07M
YoY Change 0.88%

Cashflow Statement

Concept 2014 Q4
OPERATING ACTIVITIES
Net Income -$6.993M
YoY Change 34.27%
Depreciation, Depletion And Amortization $120.0K
YoY Change 20.0%
Cash From Operating Activities -$4.310M
YoY Change 10.51%
INVESTING ACTIVITIES
Capital Expenditures -$290.0K
YoY Change -1550.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$290.0K
YoY Change 1350.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K
YoY Change -38.46%
NET CHANGE
Cash From Operating Activities -4.310M
Cash From Investing Activities -290.0K
Cash From Financing Activities 240.0K
Net Change In Cash -4.360M
YoY Change 23.51%
FREE CASH FLOW
Cash From Operating Activities -$4.310M
Capital Expenditures -$290.0K
Free Cash Flow -$4.020M
YoY Change 2.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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0.9690
CY2014Q4 onvo Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
39000
onvo Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
241000
CY2013Q4 onvo Warrant Earning Period Through Issuance Of Common Stock
WarrantEarningPeriodThroughIssuanceOfCommonStock
P12M
onvo Common Stock Warrants Issued
CommonStockWarrantsIssued
50000
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
145000
CY2014Q4 onvo Class Of Warrant Or Right Life
ClassOfWarrantOrRightLife
P5Y
CY2014Q4 onvo Warrant Earning Period Through Issuance Of Common Stock
WarrantEarningPeriodThroughIssuanceOfCommonStock
P17M
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7678
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0137
CY2015Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
17129048
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
onvo Leasehold Improvements Funded By Lease Incentive
LeaseholdImprovementsFundedByLeaseIncentive
518000
CY2015Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
254000
CY2014Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
235000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
803000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
705000
onvo Lease Term With Option To Extend
LeaseTermWithOptionToExtend
P48M
CY2013Q4 onvo Increased Office Space Headquarters
IncreasedOfficeSpaceHeadquarters
15268
CY2013Q4 onvo Additional Leased Office Space
AdditionalLeasedOfficeSpace
15539
CY2013Q4 onvo Office Space Area Under Lease Agreement
OfficeSpaceAreaUnderLeaseAgreement
30807
CY2013Q4 onvo Operating Leases Monthly Base Rent Expense
OperatingLeasesMonthlyBaseRentExpense
38800
CY2013Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2016-08-01
CY2013Q4 onvo Operating Leases Monthly Rent Expense
OperatingLeasesMonthlyRentExpense
38934
CY2013Q4 us-gaap Operating Leases Of Lessee Contingent Rentals Basis Spread On Variable Rate
OperatingLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate
0.03
CY2013Q4 onvo Additional Office Space
AdditionalOfficeSpace
14500
onvo Lease Amendment Effective Date
LeaseAmendmentEffectiveDate
2014-09-01
CY2015Q1 onvo Increase Of Net Adjustment Leased Space
IncreaseOfNetAdjustmentLeasedSpace
88
CY2015Q1 onvo Additional Leased Office Space
AdditionalLeasedOfficeSpace
5803
CY2015Q1 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P36M
CY2015Q1 onvo Lease Rental Period Start Date
LeaseRentalPeriodStartDate
2015-02-01
CY2015Q1 onvo Lease Rental Period End Date
LeaseRentalPeriodEndDate
2018-01-31
CY2015Q1 onvo Operating Leases Monthly Base Rent Expense
OperatingLeasesMonthlyBaseRentExpense
12000
CY2015Q1 us-gaap Operating Leases Of Lessee Contingent Rentals Basis Spread On Variable Rate
OperatingLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate
0.030
CY2015Q4 onvo Additional Leased Office Space
AdditionalLeasedOfficeSpace
12088
CY2015Q4 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P12M
CY2015Q4 onvo Lease Rental Period Start Date
LeaseRentalPeriodStartDate
2016-02-01
CY2015Q4 onvo Lease Rental Period End Date
LeaseRentalPeriodEndDate
2017-01-31
CY2015Q4 onvo Operating Leases Monthly Base Rent Expense
OperatingLeasesMonthlyBaseRentExpense
15000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
319000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1307000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1145000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1041000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1072000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6456000

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