Novan, Inc. (NOVN) [Rocket]

Overview

Novan, Inc. (NOVN)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/27/2023	8-K	Completion of Acquisition or Disposition of Assets, Departure of Directors or Certain Officers; Election of Directors; Appoin...
09/27/2023	8-K	Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits  Interactive Data
09/27/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
08/24/2023	8-K	Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Regulation FD Disclosure, Financi...
07/26/2023	8-K	Quarterly results
07/17/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...
07/17/2023	8-K	Quarterly results

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	3.0	4.9	4.9	6.0	2.6	0.0	0.0	0.1
Revenue growth	-39.9%	0.5%	-18.3%	126.4%			-100.0%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	3.0	4.9	4.9	6.0	2.6	0.0	0.0	0.1
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%			100.0%
Research and development	20.4	19.8	25.2	23.0	25.2	46.5	16.6	6.8
General and administrative	12.3	11.3	10.4	11.5	13.1	13.3	9.3	5.2
EBIT	-29.9	-28.4	-30.7	-28.6	-35.7	-59.8	-25.8	-11.8
EBIT margin	-1011.3%	-578.1%	-626.8%	-476.7%	-1348.4%			-10560.7%
Pre-tax income	-29.7	-29.3	-30.4	-29.2	-36.6	-59.7	-25.8	-13.1
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings from continuing ops	-29.7	-29.3	-30.4	-29.2	-36.6	-59.7	-25.8	-13.1
Earnings from discontinued ops							-2.3	1.7
Net income	-29.7	-29.3	-30.4	-29.2	-36.6	-59.7	-28.1	-11.4
Net margin	-1003.8%	-595.4%	-620.4%	-488.0%	-1384.0%			-10167.9%

Diluted EPS	($1.74)	($2.96)	($1.16)	($1.13)	($2.29)	($9.97)	($11.36)	($5.95)
Shares outstanding (diluted)	17.1	9.9	26.3	25.8	16.0	6.0	2.3	2.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.