Novan Inc reports results for the quarter ended in December - Earnings Summary

NVN Liquidation

30/03/2023 14:31

* Novan Inc  NOVN.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in December. The mean
expectation of six analysts for the quarter was for a loss of 31
cents per share.
    * Revenue rose 1,500.2% to $10.48 million from a year ago;
analysts expected $6.07 million. 
    * Novan Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Novan Inc shares had fallen by 24.0% this quarter.
    * The company reported a quarterly loss of $3.02 million.
    * Wall Street's median 12-month price target for Novan Inc
is
$12.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 30 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.31          -0.09          Beat
 Sep. 30 2022      -0.39          -0.42          Missed
 Jun. 30 2022      -0.57          -0.46          Beat
 Mar. 31 2022      -0.60          -0.71          Missed