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

NVN Liquidation

14/11/2022 14:32

* Novan Inc  NOVN.OQ  reported a quarterly adjusted loss
of 42
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for a loss of 39
cents per share.
    * Revenue rose 594% to $5.12 million from a year ago;
analysts
expected $6.22 million. 
    * Novan Inc's reported EPS for the quarter was a loss of 25
cents​.
    * The mean earnings estimate of analysts was unchanged 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 45.5% this quarter and
lost 75.5%
so far this year.
    * The company reported a quarterly loss of $6.03 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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
14 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.39          -0.42          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