Novan, Inc. (NOVN) is a publicly traded company on the NASDAQ with a market cap of 36.7 million and 24.5 million outstanding shares. Currently, it has a price of 1.5 with positive change of 0.6711%. The highest price it has recorded for the past year is 4.33 and the lowest is 0.79, which reflects its overall volatility in performance.
Novan’s financial results from the latest five quarters have been mixed. In the first quarter ending 2021-12-31, they reported EPS (earnings per share) of -0.43 with revenue of 655 thousand USD which was lower than expected due to market uncertainty. Then in the following quarter, the EPS dropped to -0.71 while revenue improved significantly to 1.93 million USD but still below expectation due to disruption caused by COVID-19 pandemic situation at that time.
In Q3 2022 ending 30 June, Novan achieved noteworthy success as their EPS grew to -0.44 and revenue improved further to 615 thousand USD which was slightly above forecasted amount despite continued pandemic related issues during this period. Subsequently in Q4 2022 ended September, EPS decreased slightly to -0.25 but revenue jumped up drastically to 511 thousand USD surpassing analysts projection impressively showing two consecutive quarters of improvement despite difficult business environment during that time frame .
Finally in Q1 2023 ending December 2020, Novan reported negative EPS at -0607 while revenue decreased back down again to zero as a result of recessionary trends ongoing in global economy at present times . Overall comparison between these five quarters suggests that despite challenging economic circumstances Novan’s financial position remains relatively stable owing primarily towards its consistent performance over last few years .
