Novan Income Statement 2022-2011 | NOVN

Brief overview of financial performance at Novan

The overview follows changes across a five-year period. According to figures from Novan, revenue changed from 621 thousand dollars to 23.7 million dollars over five years. The five-year change reached +3713.5%, while CAGR stood at 107.1%. Sales grew at a rate typical of a strong expansion phase.

The five-year EBITDA result moved by +3.5%: from −$34.3 million to −$33.1 million. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of −5516.3% and −139.6%. The increased EBITDA share is a positive sign.

The final result was −36.6 million dollars initially and −31.3 million dollars in the final year. Losses became smaller, but the business remains unprofitable.

Over the period, capitalization shifted from 503 million dollars to 26.2 million dollars (−94.8%). Capitalization lags the underlying business improvement.

Summary assessment

The financial profile remains mixed, with strengths and risks moving in different directions. Key strengths include net-income growth, revenue expansion and higher operating efficiency. The weaker side of the profile includes a narrow EBITDA buffer and lower investor confidence. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.