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

NVN Liquidation

15/05/2023 14:32

* Novan Inc  NOVN.OQ  reported a quarterly adjusted loss
of 54
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue rose 64.2% to $3.17 million from a year ago;
analysts
expected $6.38 million. 
    * Novan Inc's reported EPS for the quarter was a loss of 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 52.4%
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 1.5% this quarter and
lost 12.3%
so far this year.
    * The company reported a quarterly loss of $14.06 million.
    * Wall Street's median 12-month price target for Novan Inc
is
$15.00 
    * 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 from LSEG Refinitiv data May
15 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.32          -0.54          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