Organovo Provides Update on Cash and Nasdaq Continued Listing Requirements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
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Source: Newsfilter
Financial Overview: Organovo Holdings reported a preliminary cash balance of approximately $11.3 million for the fiscal year ending March 31, 2025, with net cash utilization in the fourth quarter estimated between $2.0 - $2.2 million.
Nasdaq Compliance and Future Milestones: The company expects to meet Nasdaq listing requirements as its stock has been trading above the $1.00 minimum bid price since March 21, 2025, and anticipates receiving a $5 million milestone payment related to a Phase 2 clinical trial for an FXR agonist within the next year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
