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

NVN Liquidation

11/08/2022 14:32

* Novan Inc  NOVN.OQ  reported a quarterly adjusted loss
of 46
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 57
cents per share.
    * Revenue rose 724.4% to $6.16 million from a year ago;
analysts
expected $6.35 million. 
    * Novan Inc's reported EPS for the quarter was a loss of 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Novan Inc shares had risen by 24.5% this quarter and
lost 30.5%
so far this year.
    * The company reported a quarterly loss of $8.88 million.
    * Wall Street's median 12-month price target for Novan Inc
is
$27.00 
    * 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 Refinitiv data August 11
at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.57          -0.46          Beat
 Mar. 31 2022      -0.60          -0.71          Missed
 Dec. 31 2021      -0.42          -0.43          Missed
 Sep. 30 2021      -0.42          -0.34          Beat