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

NVN Liquidation

16/05/2022 14:32

* Novan Inc  NOVN.OQ  reported a quarterly adjusted loss
of 71
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 60 cents per share.
    * Revenue rose 135.4% to $1.93 million from a year ago; 
analysts
expected $1.35 million. 
    * Novan Inc's reported EPS for the quarter was a loss of 71
cents​.
    * The mean earnings estimate of analysts had fallen by
about 45.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Novan Inc shares had fallen by 39.3% this quarter and
lost 42.7%
so far this year.
    * The company reported a quarterly loss of $13.38 million.
    * Wall Street's median 12-month price target for Novan Inc
is
$30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 16 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated