Update On Bottom Decliners Of Tuesday - RMG Networks Holding Corporation (NASDAQ:RMGN), Organovo Holdings, (NYSEMKT:ONVO), Swift Energy (NYSE:SFY), Comtech Telecommunications (NASDAQ:CMTL)

On Tuesday, Following U.S. Stocks were among the “Top Losers”:RMG Networks Holding Corporation (NASDAQ:RMGN), Organovo Holdings, Inc. (NYSEMKT:ONVO), Swift Energy Co. (NYSE:SFY), Comtech Telecommunications Corp. (NASDAQ:CMTL)

RMG Networks Holding Corporation (NASDAQ:RMGN) with shares dwindled -10.92%, closed at $1.55.

Organovo Holdings, Inc. (NYSEMKT:ONVO), with shares declined -10.47%, settled at $4.79.

Swift Energy Co. (NYSE:SFY), with shares dipped -9.90%, and closed at $2.64.

Comtech Telecommunications Corp. (NASDAQ:CMTL), dropped -9.75%, and closed at $30.90.

Latest NEWS regarding these Stocks are depicted underneath:

RMG Networks Holding Corporation (NASDAQ:RMGN)

RMG Networks Holding Corporation (RMGN), a leading provider of technology-driven visual communications solutions, declared preliminary financial results for its fourth quarter and full year ended December 31, 2014.

Fourth quarter 2014 adjusted proceed is predictable to be about $18.6 million and full year 2014 adjusted proceed1 is predictable to be about $61.8 million. In addition, the corporation anticipates fourth quarter 2014 adjusted EBITDA to improve sequentially over the third quarter of 2014.

Both of the corporation’s business units are predictable to show strong sequential fourth quarter adjusted proceed growth. In its Enterprise and Media businesses, fourth quarter adjusted proceed is predictable to be $13.1 million and $5.5 million, respectively. These preliminary financial results are subject to completion of the corporation’s customary year-end closing and review procedures and audit by the corporation’s independent registered public accounting firm.

Robert Michelson, Chief Executive Officer, commented, “We executed well in the fourth quarter and our results are encouraging as we expect strong sequential growth in both adjusted proceed and adjusted EBITDA. In addition, we continued to successfully implement the planned initiatives that we expect will further establish the platform for long-term success.”

These preliminary results are being offered ahead of the corporation’s planned presentation at the 27th Annual ROTH Conference so that administration can talk about updated financial information with the investment community. The Corporation undertakes no obligation to issue preliminary results in the future.

RMG Networks will release its full financial results for the fourth quarter and full-year 2014 before the market opens on Thursday, March 19, 2015. Administration will host a conference call to talk about these results on Thursday, March 19, 2015 at 9 a.m. ET.

RMG Networks (NASDAQ:RMGN) assists brands and organizations communicate more effectively using location-based video networks. The corporation builds enterprise video networks that empower organizations to visualize critical data to better run their business.

Organovo Holdings, Inc. (NYSEMKT:ONVO)

Organovo Holdings, Inc. (ONVO), a three-dimensional biology corporation focused on delivering breakthrough 3D bioprinting technology, declared that the March 5th presentation given by President and CEO Keith Murphy is now accessible for on-demand viewing at VirtualInvestorConferences.com.

Organovo’s corporation update presentation will be accessible 24/7 for 90 days. Investors and advisors may download shareholder materials from the “virtual trade booth” for the next three weeks.

Recent Corporation Highlights Comprise:

Named one of The World’s Top 10 Most Innovative Companies of 2015 in Health Care by Fast Corporation, a top-tier outlet focused on business and innovation.
Formed partnership with Yale School of Medicine to develop 3-D organ tissues for surgical transplantation research
Commercially released the exVive3D™ Liver, Bioprinted Human Tissues for preclinical drug toxicology testing
The exVive3D Liver selected as one of the Top 10 Innovations of 2014 by The Scientistmagazine, a well-respected news outlet for life science researchers
Won the Diagnostics & Research Tools category for the 2014 Most Innovative New Product Awards, sponsored by CONNECT
Recognized as a 2015 Technology Pioneer by the World Economic Forum for the ability to harness creativity to design and create transformative solutions
Designated Kirk Malloy, Ph.D., Senior Vice President and General Manager of Life Sciences at Illumina, to the Corporation’s Board of Directors
Key opinion leader stated Organovo’s exVive3D Liver was able to establish the toxicity of toxic drug known to induce liver injury in humans that did not show toxicity in animal and other pre-clinical testing, an achievement historically unmet by animal models or other liver cell model systems
Initiated contracting for toxicity testing using its exVive3D Liver, for selected clients, in advance of its planned commercial release
Reached additional contracts to utilize 3D bio-printed tissue in drug discovery settings
Stated that its 3D bioprinted breast cancer tissues enabled researchers to make compartment-specific assessments (i.e., epithelium, stroma, vasculature) of drug response — something that is not presently possible outside of in vivo models to date
Declared an contract with the University of Queensland directed toward development of source cell lines for 3D kidney tissue bioprinting activities
Designated Gregory T. Lucier, former Chairman and CEO of Life Technologies, as a corporate advisor

ORGANOVO HOLDINGS, INC., is a development-stage corporation. The Corporation is focused on developing and commercializing functional human tissues that can be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs.

Swift Energy Co. (NYSE:SFY)

Formerly on February 26, Swift Energy Co. (SFY), stated its 2014 year-end and fourth quarter financial and operating results.

Fourth Quarter and Full-Year 2014 Results:

Swift Energy’s full year 2014 production was 12.39 MMBoe, an raise of 5% contrast to 2013 production of 11.75 MMBoe. Production for the fourth quarter 2014 of 3.00 MMBoe was roughly flat with third quarter 2014 levels and reduced 3% contrast to fourth quarter 2013 production of 3.09 MMBoe.

Full year production in the Eagle Ford, where about 85% of 2014 capital spending was directed, was 8.39 MMBoe, an raise of 32% from 2013 production of 6.36 MMBoe.

Terry Swift noted, “Not including the influence from our sale in Fasken to Saka Energi, Eagle Ford production would have raised 46% year-to-year. Even after this sale of production volumes, we achieved a corporate wide year end net exit rate of about 38,000 Boe/d.”

Swift Energy stated an adjusted net loss for the fourth quarter of 2014 of $10.9 million, or $0.25 per diluted share, which excludes the non-cash ceiling test write-down of its oil and gas properties of $445.4 million (a pre-tax and non-GAAP measure – see page 9 for reconciliation to the GAAP measure). This compares to adjusted net revenue of $4.7 million, or $0.11 per diluted share earned in the same quarter in 2013.

The GAAP net loss for the fourth quarter 2014 was $298.2 million, or $6.80 per diluted share. This compares to GAAP net loss of $25.4 million, or $0.58 per diluted share earned in the same quarter in 2013, which also had a non-cash ceiling write-down.

The GAAP net loss for the full year 2014 is $283.4 million, or $6.47 per diluted share. This compares to a GAAP net loss of $2.4 million, or $0.06 per diluted share for the full year 2013.

Cash flow before working capital changes (a non-GAAP measure - see page 9 for reconciliation to the GAAP measure) for the full year 2014 of $283.3 million reduced 9% contrast to $310.8 million for the full year 2013. Fourth quarter 2014 cash flow before working capital changes (a non-GAAP measure for reconciliation to the GAAP measure) of $44.6 million reduced 41% contrast to $76.0 million of adjusted cash flow for the fourth quarter of 2013.

Total proceeds for the fourth quarter of 2014 of $110.5 million reduced 23% from the $143.1 million of proceeds generated in the fourth quarter of 2013. This decrease is primarily attributable to lower oil and NGL prices, coupled with slightly lower overall production volumes.

Depreciation, depletion and amortization expense (“DD&A”) of $22.17 per barrel of oil equivalent (“Boe”) in the fourth quarter of 2014 raised 5% from $21.11 per Boe from the comparable period in 2013, primarily due to lower production.

The non-cash oil and gas property ceiling test write-down of $445.4 million was the result of the decline in the Corporation’s year-end 2014 SEC reserves value.

Lease operating expenses, not including transportation and processing expense and before severance and ad valorem taxes, were $7.53 per Boe in the fourth quarter 2014, generally in-line with the preceding year amounts.

Severance and ad valorem taxes reduced to $2.74 per Boe in the fourth quarter 2014 from $3.40 per Boe in the fourth quarter of 2013, primarily due to higher production in South Texas, which carries a lower severance tax rate than in Louisiana.

General and administrative expenses of $2.02 per Boe during the fourth quarter of 2014 were down from $3.35 per Boe in the same period in 2013, primarily due to lower compensation and accrued benefit costs.

Interest expense raised to $5.97 per Boe in the fourth quarter of 2014 contrast to $5.85 per Boe for the same period in 2013.

Swift Energy Corporation is engaged in developing, exploring, acquiring, and operating oil and natural gas properties, with a focus on oil and natural gas reserves in Texas in addition to onshore and in the inland waters of Louisiana.

Comtech Telecommunications Corp. (NASDAQ:CMTL)

Comtech Telecommunications Corp. (CMTL), a leading provider of products, systems and services for advanced communications solutions, declared that it will report its second quarter fiscal 2015 results after the market closes on Wednesday, March 11, 2015. The Corporation has planned an investor conference call for Thursday, March 12, 2015 at 8:30 AM ET.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Corporation operates in three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Corporation sells its products to a customer base in the global commercial and government communications markets.

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