Novan announced its first quarterly results as a public company Monday, reporting a net loss of approximately $17.5 million – or $5.76 per share, basic and diluted – in the third quarter of 2016. While the net loss was noticeably higher from the same quarter of last year, Novan’s results were absent the unexpected.
For companies in similar situations to Novan, “there shouldn’t be much divergence from its IPO messaging,” says David Nierengarten, a research analyst at Wedbush Securities.
Novan…
Novan announced its first quarterly results as a public company Monday, reporting a net loss of approximately $17.5 million – or $5.76 per share, basic and diluted – in the third quarter of 2016. While the net loss was noticeably higher from the same quarter of last year, Novan’s results were absent the unexpected.
For companies in similar situations to Novan, “there shouldn’t be much divergence from its IPO messaging,” says David Nierengarten, a research analyst at Wedbush Securities.
Novan…