NovaBay Pharmaceuticals Announces Agreement to Sell its DERMAdoctor Skincare Business Segment; Announces Preliminary Financial Results for Fourth Quarter and Year Ended December 31, 2023
NovaBay Pharmaceuticals, Inc. (NBY)
NASDAQ:AMEX Investor Relations:
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Source: Business Wire
DERMAdoctor sale reduces operating expenses and bolsters cash EMERYVILLE, Calif.--(BUSINESS WIRE)--NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY), a company developing and commercializing high-quality eyecare and wound care products, announces that the Company has entered into an agreement to sell its DERMAdoctor® skincare business including all product inventory for approximately $1.0 million in cash. NovaBay expects to close the transaction before the end of the first quarter of 2024 and provide certain transitional services for the next 90 days.“This sale will reduce our quarterly operating expenses and provide us with much-needed cash during this challenging capital market environment. It also streamlines our business by placing us in a better position to pursue new strategic opportunities that have greater potential for growth,” said Justin Hall, CEO of NovaBay.“We expanded our product lineup in the direct-to-consumer market during the height of COVID-19 with the expectat
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News
- NovaBay Pharmaceuticals, Inc. (NYSE: NBY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NovaBay Pharmaceuticals, Inc. (AMEX:NBY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NovaBay Pharmaceuticals Launches Avenova Product Bundles for Individualized Relief from Multifactorial Dry Eye SymptomsBusiness Wire
- NovaBay Pharmaceuticals Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- NovaBay Pharmaceuticals Reports First Quarter 2024 Financial ResultsBusiness Wire
NBY
Sec Filings
- 5/9/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- NBY's page on the SEC website