Welcome to our dedicated page for Novabay Pharma news (Ticker: NBY), a resource for investors and traders seeking the latest updates and insights on Novabay Pharma stock.
NovaBay Pharmaceuticals, Inc. (NYSE American: NBY) generates frequent news related to corporate strategy, asset sales, stockholder actions, and exchange listing matters. Historically focused on scientifically created and clinically proven eyecare, wound care, and skin care products, NovaBay’s recent headlines have centered on the Avenova eyecare brand and significant changes to its business structure.
News coverage for NovaBay has included announcements about the completion of the sale of its Avenova eyecare business and related assets to PRN Physician Recommended Nutriceuticals, LLC. The company has reported that this asset sale represented substantially all of its assets and required stockholder approval at special meetings. These developments are important for understanding how NovaBay has monetized its historical operating business and redirected value to stockholders.
Another major category of news involves stockholder meetings and proposals. NovaBay has issued multiple press releases about special meetings and reconvened meetings where stockholders were asked to vote on the sale of the Avenova business and on a Plan of Complete Liquidation and Dissolution. Later communications describe stockholder approval of the Dissolution proposal and the Board’s decision to evaluate alternative strategic options, including mergers, reverse mergers, strategic partnerships, and licensing transactions.
More recent items highlight an investment transaction involving Series D and Series E non-voting convertible preferred stock, the declaration of a one-time special cash dividend, and NovaBay’s disclosure that it regained compliance with NYSE American continued listing standards. Investors following NBY news can track updates on these capital structure changes, special dividend mechanics, and any future post-investment transaction the company may pursue. This news page offers a consolidated view of NovaBay’s press releases and related coverage, providing context on how its strategic direction and corporate actions are evolving over time.
NovaBay Pharmaceuticals, Inc. (NBY) reported a 40% increase in fourth quarter net product revenue, totaling $2.6 million, primarily driven by strong sales of the Avenova spray. Avenova's sales were up 15% for the year, with unit sales growing 31%. The company also completed the acquisition of DERMAdoctor, diversifying its product line. While operating expenses rose to $4.6 million, net loss decreased to $0.9 million from $1.8 million year-over-year. Revenue for 2021 was $8.4 million, down from $9.9 million in 2020, due to a lack of PPE product sales.
NovaBay Pharmaceuticals (NYSE American: NBY) will report its financial results for the fiscal year ending December 31, 2021, on March 29, 2022, after market close. An investment community conference call will follow at 4:30 p.m. ET. Participants can pre-register for the call, which will also be available via live webcast. NovaBay, known for Avenova, the leading antimicrobial lid and lash spray, acquired DERMAdoctor in November 2021, enhancing its product offerings in skincare.
NovaBay Pharmaceuticals (NYSE American: NBY) announces the launch of its new Moisture Recovery HA Serum, designed specifically for dry, eczema-prone skin. This innovative serum features hyaluronic acid, Vitamin C, and unique botanical ingredients, promising hydration and skin repair. Priced at
NovaBay Pharmaceuticals (NYSE American: NBY) announces a feature of its Calm Cool + Corrected 1% Colloidal Oatmeal Eczema + Dermatitis Clinical Repair Balm on QVC's "Cheers! to Shopping with Leah and Shawn" on
NovaBay Pharmaceuticals (NBY) has engaged a leading Chinese marketing firm for integrated marketing and branding services for its DERMAdoctor skincare products. This collaboration includes managing DERMAdoctor's retail store on Tmall.com, China's top B2C online retailer, starting March 1, 2022. The marketing strategy aims to enhance brand awareness by leveraging social media and influencers, targeting a burgeoning functional skincare market projected to exceed $100 billion by 2024.
NovaBay Pharmaceuticals (NBY) has appointed Dr. Audrey Kunin and Julie Garlikov to its Board of Directors, enhancing its leadership in the skincare and eyecare markets. Dr. Kunin, previously Chief Product Officer, has significant experience in product formulation from her time at DERMAdoctor. Garlikov brings over 25 years of marketing expertise in health and beauty, while Yongxiang Zheng fills the vacancy left by Paul Li. The changes are aimed at leveraging industry insights to boost growth in the OTC market. NovaBay sees a path to profitability following the DERMAdoctor acquisition.
Summary not available.
NovaBay Pharmaceuticals has announced that its Special Meeting of Stockholders, initially held on
NovaBay Pharmaceuticals (NYSE: NBY) expands its Avenova brand with the launch of Avenova Lubricating Eye Drops, targeting the growing dry eye market projected to reach
NovaBay Pharmaceuticals (NYSE American: NBY) will present at the H.C. Wainwright BioConnect Virtual Conference from January 10-13, 2022. The company aims to provide insights into its expansion strategy following its acquisition of DERMAdoctor in November 2021. CEO Justin Hall projects sales to double in 2022, driven by the transition of Avenova from prescription to over-the-counter sales and plans to launch at least four new products in the first half of 2022. A webcast of the presentation will be available on the company’s website starting January 10, 2022, at 7:00 a.m. Eastern time.