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VivoSim Labs Inc logo

VivoSim Labs Inc

organovo.com

What Do They Do?

Provides liver and intestinal drug-testing services using human tissue models to pharmaceutical and biotechnology companies.

How Do They Make Money?

License partners pay upfront fees and royalties tied to net product sales; cell-based products were paid for upon delivery.

revenue
SegmentShareRevenue
Royalty
Licensed

100%
Product
Sold outright
0.0%

Who Are Their Customers?

The company offers liver and intestinal toxicology testing and research to pharmaceutical and biotechnology companies developing drug candidates.

Do Revenues Turn Into Profits?

No. It lost $13.8M in FY2026.

Operating income, FY2026
−8769% of revenue
▼ −9% (Loss) vs FY2025 (−$12.6M, −8761%)
Net income, FY2026
−10567% of revenue
▲ +456% (Loss) vs FY2025 (−$2.5M, −1728%)
Free cash flow, FY2026
−8244% of revenue
▲ +14% (Loss) vs FY2025 (−$9.5M, −6579%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jun 30, 2026
Revenue
▼ −51%
vs $37K in Q1 FY2026
Net income
▼ −53% (Loss)
vs −$2.8M in Q1 FY2026
Royalty share of revenue vs 100.0% in Q1 FY2026
  • Aug 21, 2026 Nasdaq notified the company it fell below the minimum bid-price requirement It has until February 16, 2027 to regain compliance; trading was not immediately affected.
  • Aug 6, 2026 Company reiterated guidance for 500%+ revenue growth in Fiscal Year 2027 The update followed a $5.0 million milestone payment and release of $1.0 million from escrow.
  • Jul 24, 2026 Nasdaq notified the company it failed an equity-listing requirement The company said its stockholders’ equity was above $2.5 million after transactions and planned to submit a compliance plan.

Shrinking. Revenue fell 91% in 4 years, from $1.5M in FY2022 to $131K in FY2026, about 46% a year.

From drug development to testing services The older report centered on building disease models to identify targets and develop internal drugs, especially for inflammatory bowel disease. The latest report centers on liver and intestinal toxicology testing for outside drug developers, after the company sold its FXR program.

Revenue over time
Royalty Product
$200K$100K$0

Who Do They Compete With?

Competes with BICO Group

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