Novan: Q2 Earnings Snapshot

August 11, 2022 GMT

DURHAM, N.C. (AP) _ Novan Inc. (NOVN) on Thursday reported a loss of $8.9 million in its second quarter.

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

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.

The drug development company posted revenue of $6.2 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $6.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVN at https://www.zacks.com/ap/NOVN