Novan: Q4 Earnings Snapshot

February 22, 2022 GMT

DURHAM, N.C. (AP) _ Novan Inc. (NOVN) on Tuesday reported a loss of $8.2 million in its fourth quarter.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 44 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The drug development company posted revenue of $655,000 in the period, which matched Street forecasts.

For the year, the company reported that its loss widened to $29.7 million, or $1.74 per share. Revenue was reported as $3 million.


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