Logotype for Orgenesis Inc

Orgenesis (ORGS) investor relations material

Orgenesis Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Orgenesis Inc
Q3 2024 earnings summary13 Nov, 2024

Executive summary

  • Revenue for the nine months ended September 30, 2024 increased 101% year-over-year to $734K, driven by cell processing development and hospital services.

  • Net loss for the nine months was $28.6M, a significant improvement from $58.3M in the prior year period.

  • Octomera LLC was reconsolidated in January 2024, and Orgenesis' common stock was delisted from Nasdaq and began trading on OTCQX in October 2024.

  • The company implemented a 1-for-10 reverse stock split in September 2024.

Financial highlights

  • Gross loss for the nine months was $881K, compared to $5.7M in the prior year period.

  • Operating loss for the nine months was $21.6M, down from $46.9M year-over-year.

  • Selling, general and administrative expenses decreased 67% to $10.8M, mainly due to lower credit losses.

  • Net cash used in operating activities was $15.0M; cash provided by financing activities was $14.6M.

  • As of September 30, 2024, current assets were $2.5M and current liabilities were $36.0M, resulting in negative working capital of $33.5M.

Outlook and guidance

  • Management expresses substantial doubt about the company’s ability to continue as a going concern without additional capital.

  • Plans include raising additional funds, refinancing or amending existing loans, and exploring revenue growth and cost reduction.

  • Delisting from Nasdaq is expected to make capital raising more difficult.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Orgenesis Inc. is engaged in the development, manufacture, and commercialization of cell and gene therapies (CGTs) for diabetes and other serious chronic medical conditions. We are currently focused on developing a stem cell therapy-based treatment for patients with type 1 diabetes that do not produce insulin. Our product, “MAVENcell,” could potentially become the first non-immunosuppressive pancreatic islet cell transplantation therapy and lead to a cure for every individual who has lost their insulin producing ability. Orgenesis Inc. was founded in 2008 and is based in Germantown, Maryland.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage