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Novan (NASDAQ:NOVN) reported its Q1 earnings results on Monday, May 16, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Novan missed estimated earnings by 18.33%, reporting an EPS of $-0.71 versus an estimate of $-0.6.
Revenue was up $1.11 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 0.55% drop in the share price the next day.
Here's a look at Novan's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.42 | -0.42 | -0.53 | -0.5 |
| EPS Actual | -0.44 | -0.34 | -0.45 | -0.6 |
| Revenue Estimate | 770.00K | 750.00K | 840.00K | 960.00K |
| Revenue Actual | 655.00K | 737.00K | 747.00K | 819.00K |
To track all earnings releases for Novan visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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