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 (NBY) has announced substantial orders for its popular DERMAdoctor Kakadu C 20% Vitamin C Serum, especially timed for the holiday season. CEO Justin Hall indicated these orders are expected to boost revenue for the third and fourth quarters of 2022. The serum, containing stabilized vitamin C sourced from Kakadu plums in Australia, is recognized for its skin-brightening properties. DERMAdoctor products are sold through major retailers and online platforms, enhancing the company's market reach and potential growth.
NovaBay Pharmaceuticals (NYSE American: NBY) is promoting its Avenova and DERMAdoctor products during the Amazon Prime Early Access Sale on October 11-12, 2022. This event offers discounted prices for customers, enhancing sales opportunities for the Avenova brand, which achieved record one-day sales during the previous Prime Days. Avenova products are well-rated, receiving an average of 4.5 stars from over 12,000 reviews. DERMAdoctor, led by a board-certified dermatologist, includes various clinically proven skincare offerings. The company aims to attract new customers while providing significant discounts for loyal buyers.
NovaBay Pharmaceuticals (NBY) announced on October 3, 2022, that it received a notice from NYSE American regarding its common stock's low price, necessitating a reverse stock split or price improvement by April 3, 2023, to maintain its listing. The company plans to hold a Special Meeting on November 10, 2022, to seek shareholder approval for a reverse stock split ranging from 1-for-10 to 1-for-35. The initiative aims to raise the stock price and improve marketability, enhancing appeal to investors while supporting growth strategies through recent financing.
NovaBay Pharmaceuticals (NYSE American: NBY) will present at the Ladenburg Thalmann 2022 Healthcare Conference on September 29 at 9:00 a.m. Eastern time. The event takes place at the Sofitel Hotel in New York. A webcast of the presentation will be available on the company's website. NovaBay specializes in developing and commercializing scientifically formulated eyecare and skincare products, including the Avenova lid and lash spray, the most prescribed in its category, and the DERMAdoctor skincare line. For more information, visit novabay.com.
NovaBay Pharmaceuticals (NBY) has transitioned from a single-product company to a three-brand organization in eyecare, skincare, and wound care. CEO Justin Hall highlighted strong sales growth for Avenova with over 600 units sold daily, an 18% year-over-year increase. The company plans a reverse stock split to enhance stock market performance and has engaged with new partners to expand into European and Chinese markets. Anticipated revenue boosts from seasonal orders and new product launches were noted, driving confidence in future growth.
NovaBay Pharmaceuticals, Inc. (NYSE American: NBY) announced its participation in the Virtual Life Sciences Investor Forum on September 15, 2022, at 1:00 p.m. Eastern Time. The company will also hold investor one-on-one meetings on September 16 and September 19-20. NovaBay specializes in developing scientifically formulated eyecare and skincare products, including the leading antimicrobial spray, Avenova, and the premium skincare brand DERMAdoctor. Investors can register for the conference here.
NovaBay Pharmaceuticals will feature its Calm Cool + Corrected 1% Colloidal Oatmeal Eczema + Dermatitis Clinical Repair Balm on the QVC show 'Girls’ Night In' on
NovaBay Pharmaceuticals (NBY) announced a private placement of 3,250 shares of its Series C Non-Voting Convertible Preferred Stock at $1,000 each, alongside Series A-1 and A-2 warrants. The expected gross proceeds are approximately $3.25 million. The company plans to use these funds for working capital and general corporate purposes. The placement is subject to stockholder approval and involves a reverse stock split to accommodate the conversion of the preferred stock and exercise of the warrants. Additionally, NovaBay is engaging in warrant reprice transactions for existing shareholders.
NovaBay Pharmaceuticals, Inc. (NBY) reported a 43% increase in product revenue for Q2 2022, reaching $3.0 million compared to $2.1 million last year. The growth is attributed to successful digital marketing initiatives and the acquisition of DERMAdoctor products. Year-to-date revenue also surged 44% to $5.7 million. However, gross margins dipped to 51% from 71% due to higher sales of DERMAdoctor products. The company incurred a net loss of $2.2 million, consistent with the previous year. As of June 30, 2022, cash reserves were $3.9 million.
NovaBay Pharmaceuticals (NBY) will announce its financial results for the six months ended June 30, 2022, on August 11, 2022, following market close. An investment community conference call is scheduled for the same day at 4:30 p.m. Eastern time, with options for pre-registration and dial-in access. A live webcast will also be available, along with a replay accessible until September 1, 2022. NovaBay focuses on problem-solving health solutions through its brands Avenova and DERMAdoctor, which address eye irritations and skincare issues, respectively.
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