ORGANOVO HOLDINGS, INC. ONVO Cash Flow

Organovo holdings, inc. (ONVO)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Dec'10	Sep'10
Net loss
-	-	-	-	-	-	-	-	-	-	-	-38,447	-36,162	-37,036	-38,851	-38,575	-38,001	-34,539	-32,140	-30,082	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-
Cash Flows From Operating Activities
Net loss
-22,970	-25,999	-25,542	-26,635	-27,101	-28,493	-32,117	-34,803	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	319	0	0	0	-	-	-	-
Amortization of warrants issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-98	-17	321	557	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-
(Gain) loss on disposal of fixed assets
111	20	-64	-63	-59	6	6	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,292	789	897	980	1,129	1,190	1,229	1,267	1,287	1,294	1,224	1,149	1,079	993	931	815	698	588	511	472	433	405	390	387	368	348	329	258	195	0	0	0	-	-	-	-
Stock-based compensation
4,990	5,096	5,134	5,193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	-4	0	0	0	-	-	-	0	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	896	0	0	0	-	-	-	-
Interest accrued on convertible notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	12	0	0	0	-	-	-	-
Fair value of warrant liabilities in excess of proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Change in fair value of warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-4	-6	-6	-16	17	-145	-104	-188	-196	-301	245	5,127	5,120	17,431	0	0	0	-	-	-	0	-	-	-	-
Loss on inducement to exercise warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Expense associated with warrant modification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	77	0	0	0	-	-	-	0	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	8,220	8,015	7,392	7,047	8,126	8,205	8,556	8,854	7,338	7,263	7,020	6,975	6,146	5,335	4,600	3,688	3,086	3,042	2,279	1,435	0	0	0	-	-	-	-
Amortization of warrants issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-
In-kind contribution of services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Warrants issued in connection with exchange agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Increase (decrease) in cash resulting from changes in:
Accounts receivable
-393	144	-90	-380	-627	-558	-144	236	144	427	669	388	865	426	-29	259	165	150	72	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Grants receivable
-124	-453	-1	-90	-136	304	100	145	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-101	-155	0	0	0	-	-	-	0	-	-	-	-
Inventory
-835	-471	-538	-352	444	540	583	292	277	51	-51	216	257	377	443	268	2	-2	-2	3	-13	-4	-14	-25	-6	117	220	414	459	0	0	0	-	-	-	-
Prepaid expenses and other assets
-135	-167	-242	-118	-389	-161	-759	-5	301	24	631	154	70	174	214	-83	154	165	250	389	49	230	203	392	86	157	109	97	101	0	0	0	-	-	-	-
Accounts payable
175	-297	157	164	195	-28	-162	-707	-270	-277	77	384	256	187	-549	-600	-29	37	191	1,061	184	53	465	-315	-114	415	114	200	-233	0	0	0	-	-	-	-
Accrued expenses
-620	-94	-588	-792	-652	-795	-116	-760	-128	-10	396	1,651	442	410	69	193	466	862	364	1,435	739	216	409	312	496	541	495	129	384	0	0	0	-	-	-	-
Deferred revenue
-580	-619	-113	-162	-524	-306	-461	-157	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-4	-38	-77	-126	38	31	32	47	-148	-142	-136	-138	-138	-136	-117	-89	-38	26	150	270	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-
Operating lease right-of-use assets and liabilities, net
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of licensing fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Impairment of licensing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
(Increase)/Decrease in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Increase in accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-470	-824	-930	-661	851	1,159	1,268	1,305	242	265	60	111	-45	20	5	-187	-207	-153	-77	73	0	0	0	0	0
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-29,185	-29,491	-29,356	-31,614	-29,368	-27,446	-24,845	-22,531	-19,601	-19,391	-18,982	-16,263	-15,561	-12,916	0	0	0	-	-	-	0	-	-	-	-
Net cash used in operating activities
-16,750	-20,119	-19,288	-20,375	-20,909	-23,401	-25,226	-28,857	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Cash Flows From Investing Activities
Deposits released from restriction (restricted cash deposits)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	0	0	0	-	-	-	0	-	-	-	-
Purchases of fixed assets
-	-	-	-	-	-	-	226	383	958	1,353	1,354	1,464	1,016	991	2,114	2,361	2,491	2,414	1,517	988	677	352	277	293	414	576	488	357	0	0	0	-	-	-	-
Proceeds from disposals of fixed assets
728	28	2	3	7	6	6	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of intangible assets
-	-	-	-	-	-	-	70	70	70	70	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-1,391	-1,512	-1,016	-1,012	-2,135	-2,382	-2,512	-2,414	-1,517	-988	-718	-393	-268	-303	0	0	0	-	-	-	0	-	-	-	-
Net cash provided by (used in) investing activities
686	-40	-77	-76	-166	-175	-209	-292	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Cash Flows From Financing Activities
Principal payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	8	11	11	10	10	9	9	10	9	0	0	0	-	-	-	0	-	-	-	-
Repayment of convertible notes and interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	110	0	0	0	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	31,247	30,983	5,239	164	43,452	49,827	49,831	66,048	23,093	20,588	20,732	48,704	48,368	48,220	0	0	0	-	-	-	0	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Proceeds from issuance of common stock and exercise of warrants, net
0	0	0	-	0	0	0	-	7,507	30,300	33,629	30,665	30,401	4,500	-77	43,137	49,377	49,598	65,742	22,752	0	0	0	-	-	-	-	14,715	24,714	0	0	0	-	-	-	-
Employee taxes paid related to net share settlement of equity awards
148	138	172	223	156	188	190	94	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	458	244	317	351	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-
Net cash provided by financing activities
11,259	13,106	15,191	13,154	8,948	10,188	10,063	10,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net decrease in cash, cash equivalents, and restricted cash
-4,805	-7,053	-4,174	-7,297	-12,114	-13,377	-15,361	-19,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Net Increase in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-	-	660	-30	-25,140	-32,462	11,949	19,999	22,474	41,103	1,975	209	1,032	32,048	32,539	35,001	45,680	4,379	5,275	14,477	7,335	8,128	0	0	0	0	0
Supplemental Disclosure of Cash Flow Information:
Income taxes paid
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	0	0	0	-	-	-	-	0	10	10	10	0	0	0	0	0
Income taxes paid
2	2	0	3	0	0	0	-	-	-	-	23	23	22	22	3	7	7	7	4	0	0	0	-	-	-	-	0	1	0	0	0	0	0	0	0