Novan Financial Statements From 2010 to 2022

NOVN
 Stock
  

USD 2.30  0.03  1.29%   

Novan financial statements provide useful quarterly and yearly information to potential Novan Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Novan financial statements helps investors assess Novan's valuation, profitability, and current liquidity needs.
We have found eighty-eight available fundamental ratios for Novan, which can be analyzed and compared to other ratios and to its peers in the industry. We recommend to check Novan's last-minute fundamental drivers against the all of the trends between 2010 and 2022.
Novan Working Capital is quite stable at the moment as compared to the past year. The company's current value of Working Capital is estimated at 34.28 Million.
  
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Check Novan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Novan main balance sheet or income statement drivers, such as Gross Profit of 5.1 M, Interest Expense of 1.8 K or Net Loss Income from Discontinued Operations of 2.8 M, as well as many exotic indicators such as Long Term Debt to Equity of 0.15, PPandE Turnover of 0.39 or Receivables Turnover of 0.65. Novan financial statements analysis is a perfect complement when working with Novan Valuation or Volatility modules. It can also supplement various Novan Technical models. Additionally, see the analysis of Novan Correlation against competitors.

Novan Revenues

3.03 Million

Share

Novan Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets74.4 M69 M35.3 M
Increasing
Slightly volatile
Cash and Equivalents50.8 M47.1 M24.1 M
Increasing
Slightly volatile
Deferred Revenue12.3 M12.9 M9.5 M
Increasing
Slightly volatile
Property Plant and Equipment Net2.8 M2.8 M6.2 M
Increasing
Stable
Trade and Non Trade Receivables4.5 M5.6 M1.5 M
Increasing
Slightly volatile
Trade and Non Trade Payables1.2 M1.1 M1.3 M
Increasing
Stable
Goodwill and Intangible Assets67.1 K67.5 K73.8 K
Decreasing
Slightly volatile
Total Liabilities54.6 M50.6 M21.9 M
Increasing
Slightly volatile
Shareholders Equity15.8 M18.3 M13 M
Decreasing
Stable
Current Assets58.4 M54.1 M26.7 M
Increasing
Slightly volatile
Assets Non Current3.3 M3.2 M6.7 M
Increasing
Slightly volatile
Current Liabilities9.6 M11.2 MM
Increasing
Slightly volatile
Liabilities Non Current43.6 M40.4 M14.7 M
Increasing
Slightly volatile
Total Debt1.1 M1.1 M2.6 M
Increasing
Slightly volatile
Debt Current593.1 K549.7 K219.3 K
Increasing
Slightly volatile
Debt Non Current564.2 K549.7 K2.4 M
Increasing
Stable
Shareholders Equity USD3.7 M3.4 M(14.2 M)
Increasing
Slightly volatile
Cash and Equivalents USD26.1 M32.3 M18.4 M
Increasing
Slightly volatile
Total Debt USD1.1 M1.1 M2.6 M
Increasing
Slightly volatile
Accounts Payable1.8 M2.2 M1.4 M
Increasing
Slightly volatile
Receivables3.7 M4.5 M1.3 M
Increasing
Slightly volatile

Novan Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
RevenuesMM2.4 M
Increasing
Slightly volatile
Selling General and Administrative Expense12.9 M13 M9.3 M
Increasing
Slightly volatile
Research and Development Expense25.5 M22.8 M18.3 M
Increasing
Slightly volatile
Operating Expenses41.2 M40.4 M28.5 M
Increasing
Slightly volatile
Interest Expense1.8 K1.8 K592.6 K
Decreasing
Slightly volatile
Net Loss Income from Discontinued Operations2.8 M2.6 M808.1 K
Increasing
Slightly volatile
Weighted Average Shares18.4 M17.1 M4.2 M
Increasing
Slightly volatile
Weighted Average Shares Diluted18.4 M17.1 M4.2 M
Increasing
Slightly volatile
Revenues USD5.1 M5.7 M2.7 M
Increasing
Slightly volatile
Gross Profit5.1 M5.7 M2.7 M
Increasing
Slightly volatile

Novan Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing38 M44.1 M33 M
Increasing
Slightly volatile
Issuance Repayment of Debt Securities 751.8 K860.4 K1.6 M
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares64.6 M59.9 M20.1 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents21 M19.5 M7.8 M
Increasing
Stable
Share Based Compensation1.9 M1.5 M1.3 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion1.4 M1.3 M978.1 K
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Return on Invested Capital(6.71)(6.54)31.9278
Decreasing
Slightly volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Asset Turnover0.05240.05110.0867
Increasing
Slightly volatile
Sales per Share0.180.17330.9556
Increasing
Very volatile
Price to Sales Ratio14.2914.6920.7484
Decreasing
Slightly volatile
Price to Book Value47.9544.4414.4867
Increasing
Slightly volatile
Debt to Equity Ratio0.310.290.097
Increasing
Slightly volatile
Current Ratio4.654.85474.3409
Decreasing
Stable
Book Value per Share0.370.35(68.4222)
Increasing
Slightly volatile
Tangible Assets Book Value per Share4.374.2644.6261
Decreasing
Slightly volatile
Total Assets Per Share3.763.66550.8369
Decreasing
Slightly volatile
Receivables Turnover0.650.63371.6707
Decreasing
Slightly volatile
PPandE Turnover0.390.4050.2563
Increasing
Slightly volatile
Cash and Equivalents Turnover0.07320.07130.2176
Increasing
Stable
Accounts Payable Turnover1.811.75972.0714
Increasing
Slightly volatile
Accrued Expenses Turnover0.860.73570.6463
Increasing
Slightly volatile
Long Term Debt to Equity0.150.140.048
Increasing
Slightly volatile
Quick Ratio3.883.93763.8729
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets55.6162.32649.4622
Decreasing
Stable
Revenue to Assets0.0440.04290.0798
Increasing
Slightly volatile

Novan Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Capitalization115.1 M103.5 M270.9 M
Decreasing
Slightly volatile
Enterprise Value85.5 M65.6 M234.6 M
Decreasing
Slightly volatile
Invested Capital3.7 M3.6 M5.1 M
Increasing
Slightly volatile
Average Equity(610.2 K)(565.5 K)(22.2 M)
Increasing
Slightly volatile
Average Assets48.8 M50.8 M36.7 M
Increasing
Slightly volatile
Invested Capital Average7.2 M4.6 M4.5 M
Increasing
Slightly volatile
Tangible Asset Value47.8 M53.8 M29 M
Increasing
Slightly volatile
Working Capital34.3 M31.8 M15 M
Increasing
Slightly volatile
Revenue Per Employee97.8 K92.4 K71.9 K
Increasing
Slightly volatile

Novan Fundamental Market Drivers

Short Percent Of Float2.52%
Forward Price Earnings-1.07
Shares Short Prior Month238.31k
Average Daily Volume Last 10 Day111.37k
Average Daily Volume In Three Month122.16k
Date Short Interest29th of April 2022
Fifty Day Average2.6229
Two Hundred Day Average4.4413

Novan Upcoming Events

Upcoming Quarterly Report24th of February 2022
Next Financial Report10th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Novan Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Novan income statement, its balance sheet, and the statement of cash flows. Novan investors use historical funamental indicators, such as Novan's revenue or net income, to determine how well the company is positioned to perform in the future. Although Novan investors may use each financial statement separately, they are all related. The changes in Novan's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Novan's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Novan Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Novan. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue12.9 M12.3 M
RevenuesMM
Revenue to Assets 0.042894  0.044 
Revenue Per Employee92.4 K97.8 K
Novan, Inc., a pre-commercial nitric oxide-based pharmaceutical company, focuses on dermatology and anti-infective therapies. Novan, Inc. was incorporated in 2006 and is headquartered in Durham, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 29 people.

Novan Investors Sentiment

The influence of Novan's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Novan. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Novan Implied Volatility

    
  77.97  
Novan's implied volatility exposes the market's sentiment of Novan Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Novan's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Novan stock will not fluctuate a lot when Novan's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Novan in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Novan's short interest history, or implied volatility extrapolated from Novan options trading.

Current Sentiment - NOVN

Novan Inc Investor Sentiment

Most of Macroaxis users are now bullish on Novan Inc. What is your trading attitude regarding investing in Novan Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Additionally, see the analysis of Novan Correlation against competitors. Note that the Novan Inc information on this page should be used as a complementary analysis to other Novan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Novan Inc price analysis, check to measure Novan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novan is operating at the current time. Most of Novan's value examination focuses on studying past and present price action to predict the probability of Novan's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Novan's price. Additionally, you may evaluate how the addition of Novan to your portfolios can decrease your overall portfolio volatility.
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Is Novan's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novan. If investors know Novan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.61
Market Capitalization
48.9 M
Quarterly Revenue Growth YOY
1.35
Return On Assets
-0.24
Return On Equity
-10.14
The market value of Novan Inc is measured differently than its book value, which is the value of Novan that is recorded on the company's balance sheet. Investors also form their own opinion of Novan's value that differs from its market value or its book value, called intrinsic value, which is Novan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novan's market value can be influenced by many factors that don't directly affect Novan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novan's value and its price as these two are different measures arrived at by different means. Investors typically determine Novan value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.