NovaBay Pharmaceuticals Inc
AMEX:SDEV
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NovaBay Pharmaceuticals Inc
AMEX:SDEV
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Earnings Calls
Last Earnings Call
Record sales: NovaBay said Avenova ordered sales hit all-time highs on Amazon in March and April, with April sales more than 20% higher than a year ago.
Q1 growth: First-quarter total sales rose 12% to $2.6 million, driven mainly by stronger online Avenova sales.
Efficiency gains: Sales and marketing expense fell 50% to $1.1 million even as online sales improved, reflecting more efficient digital advertising.
Strategic shift: Management emphasized the company’s move to focus on eyecare and the dry eye market, which it described as large and growing.
New partnership: NovaBay completed training with Eyenovia and expects the co-marketing launch of clobetasol in the third quarter.
Profit impact: Net loss widened to $3.6 million, largely reflecting a noncash divestiture loss and other financing-related items.