Organovo Historical Income Statement
| ONVO Stock | USD 0.43 0.01 2.38% |
Historical analysis of Organovo Holdings income statement accounts such as Other Operating Expenses of 23.8 M can show how well Organovo Holdings performed in making a profits. Evaluating Organovo Holdings income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Organovo Holdings's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Organovo Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Organovo Holdings is a good buy for the upcoming year.
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About Organovo Income Statement Analysis
Organovo Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Organovo Holdings shareholders. The income statement also shows Organovo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Organovo Holdings Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Organovo Holdings. It is also known as Organovo Holdings overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Organovo Holdings' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Organovo Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Organovo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Organovo Stock, please use our How to Invest in Organovo Holdings guide.At this time, Organovo Holdings' Non Operating Income Net Other is very stable compared to the past year. As of the 28th of November 2024, Reconciled Depreciation is likely to grow to about 473.7 K, while Interest Expense is likely to drop about 531.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 142K | 293K | 5.5M | 4.2M | Research Development | 3.3M | 8.9M | 5.5M | 7.4M |
Organovo Holdings income statement Correlations
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Organovo Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Organovo Holdings income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 504K | 41K | 142K | 293K | 280K | 517.7K | |
| Interest Expense | 3.4M | 17K | 8K | 470K | 540.5K | 531.1K | |
| Selling General Administrative | 17.2M | 15.7M | 9.6M | 9.1M | 9.6M | 14.1M | |
| Other Operating Expenses | 23.7M | 16.8M | 13.0M | 18.1M | 15.2M | 23.8M | |
| Operating Income | (21.5M) | (16.8M) | (11.5M) | (17.7M) | (15.1M) | (15.8M) | |
| Ebit | (21.5M) | (16.8M) | (11.5M) | (17.7M) | (15.1M) | (15.8M) | |
| Ebitda | (21.0M) | (16.8M) | (11.3M) | (17.4M) | (14.8M) | (15.5M) | |
| Total Operating Expenses | 23.3M | 16.8M | 13.0M | 18.1M | 15.2M | 23.6M | |
| Income Before Tax | (18.7M) | (16.8M) | (11.4M) | (17.3M) | (14.7M) | (15.4M) | |
| Total Other Income Expense Net | 2.8M | 2K | 33K | 474K | 417K | 437.9K | |
| Net Income | (18.7M) | (16.8M) | (11.4M) | (17.3M) | (14.7M) | (15.4M) | |
| Total Revenue | 2.2M | 0.0 | 1.5M | 370K | 109K | 103.6K | |
| Gross Profit | 1.9M | (41K) | 1.4M | 77K | 109K | 103.6K | |
| Research Development | 5.3M | 1.1M | 3.3M | 8.9M | 5.5M | 7.4M | |
| Cost Of Revenue | 328K | 41K | 142K | 293K | 5.5M | 4.2M | |
| Net Income From Continuing Ops | (18.7M) | (16.8M) | (11.4M) | (17.3M) | (14.7M) | (15.4M) | |
| Net Income Applicable To Common Shares | (18.7M) | (16.8M) | (11.4M) | (17.3M) | (19.8M) | (20.8M) | |
| Interest Income | 594K | 15K | 8K | 454K | 405K | 357.9K | |
| Net Interest Income | 594K | 15K | 8K | 454K | 405K | 285.7K | |
| Reconciled Depreciation | 1.1M | 41K | 142K | 293K | 280K | 473.7K |
Pair Trading with Organovo Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Organovo Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Organovo Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Organovo Stock
| 0.84 | FDMT | 4D Molecular Therapeutics | PairCorr |
| 0.81 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Organovo Stock
| 0.85 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.74 | NAMS | NewAmsterdam Pharma | PairCorr |
| 0.43 | PHVS | Pharvaris BV | PairCorr |
| 0.39 | PMVP | Pmv Pharmaceuticals | PairCorr |
| 0.36 | ESLAW | Estrella Immunopharma | PairCorr |
The ability to find closely correlated positions to Organovo Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Organovo Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Organovo Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Organovo Holdings to buy it.
The correlation of Organovo Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Organovo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Organovo Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Organovo Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Organovo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Organovo Stock, please use our How to Invest in Organovo Holdings guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Organovo Holdings. If investors know Organovo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Organovo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.04) | Revenue Per Share 0.008 | Quarterly Revenue Growth (0.48) | Return On Assets (0.89) | Return On Equity (2.07) |
The market value of Organovo Holdings is measured differently than its book value, which is the value of Organovo that is recorded on the company's balance sheet. Investors also form their own opinion of Organovo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Organovo Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Organovo Holdings' market value can be influenced by many factors that don't directly affect Organovo Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Organovo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Organovo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Organovo Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.