Private company

NVN Liquidation, Inc.

American pharmaceutical preparations company, incorporated in Delaware.

Last updated Oct 18, 2026.

Overview

IndustryPharmaceutical Preparations
HeadquartersDE
Incorporated inDE²
Business addressP.O. Box 64, Pittsboro, Nc 27312²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-144.5%Operating margin³

-132.2%Net margin³

700.6%Revenue growth, 2022³

-679.9%Return on equity³

-$35.2MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueResearch and developmentSelling, general and admin

Cost of revenue13¢$7.4M
Research and development27¢$16.0M
Selling, general and admin58¢$34.1M
Interest2¢$1.5M

Out of $23.7M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶³$23.7M in 2022+795% since 2017

Operating income⁷⁴⁸⁵⁶³-$34.2M in 2022−43% since 2016

Net income⁷⁴⁸⁵⁶³-$31.3M in 2022−48% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Revenue		$2.6M⁴	$6.0M⁴	$4.9M⁵	$4.9M⁶	$3.0M³	$23.7M³
Cost of revenue						$0³	$7.4M³
Research and development	$46.5M⁷	$25.2M⁴	$23.0M⁸	$25.2M⁵	$19.8M⁶	$20.4M³	$16.0M³
Selling, general and admin						$12.3M³	$34.1M³
Operating income	-$59.8M⁷	-$35.7M⁴	-$28.6M⁸	-$30.7M⁵	-$30.2M⁶	-$29.9M³	-$34.2M³
Interest	$2.0K¹²	$1.0M⁴	$1.0M⁸	$2.0K⁵	$0⁵	$0³	$1.5M³
Income tax	$0⁷	$0⁴	$0⁸	$0⁵	$0⁶	$0³	$0³
Net income	-$59.7M⁷	-$36.6M⁴	-$29.2M⁸	-$30.4M⁵	-$29.3M⁶	-$29.7M³	-$31.3M³
Earnings per share					-$2.96⁶	-$1.74³	-$1.42³
Earnings per share (diluted)					-$2.96⁶	-$1.74³	-$1.42³

Total assets⁷⁴⁸⁵⁶³$90.3M in 2022+72% since 2016

Total liabilities⁷⁴⁸⁵⁶³$85.7M in 2022+300% since 2016

Shareholders’ equity⁴⁸⁵⁶³$4.6M in 2022−85% since 2016

Cash⁷⁴⁸⁵⁶³$12.3M in 2022−64% since 2016

Long-term debt⁵⁶$0 in 2021

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash	$34.6M⁷	$2.5M⁴	$8.2M⁸	$13.7M⁵	$35.9M⁶	$47.1M³	$12.3M³
Current assets	$35.6M⁷	$3.7M⁴	$9.3M⁸	$15.7M⁵	$44.0M⁶	$54.1M³	$42.4M³
Total assets	$52.5M⁷	$21.1M⁴	$26.4M⁸	$29.1M⁵	$46.8M⁶	$69.0M³	$90.3M³
Current liabilities	$13.4M⁷	$8.9M⁴	$9.1M⁸	$12.9M⁵	$8.7M⁶	$11.2M³	$46.4M³
Long-term debt				$0⁵	$478.0K⁶	$0⁶
Total liabilities	$21.4M⁷	$22.9M⁴	$19.9M⁸	$51.4M⁵	$43.9M⁶	$50.6M³	$85.7M³
Shareholders’ equity	$31.1M⁴	-$1.7M⁸	$6.4M⁵	-$22.3M⁶	$3.0M³	$18.3M³	$4.6M³
Shares outstanding	15.9M shares⁷	16.0M shares⁴	26.1M shares⁸	26.7M shares⁵	14.6M shares⁶	18.8M shares³	24.7M shares³

Cash from operations⁷⁴⁸⁵⁶³-$30.9M in 2022−37% since 2016

Capital spending⁷⁴⁸⁵⁶³$4.3M in 2022−30% since 2016

Free cash flow⁷⁴⁸⁵⁶³-$35.2M in 2022−36% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash from operations	-$49.2M⁷	-$29.9M⁴	-$28.6M⁸	-$19.9M⁵	-$31.1M⁶	-$24.8M³	-$30.9M³
Capital spending	$6.1M⁷	$2.2M⁴	$1.1M⁸	$422.0K⁵	$648.0K⁶	$9.1M³	$4.3M³
Free cash flow	-$55.3M	-$32.0M	-$29.7M	-$20.3M	-$31.7M	-$33.8M	-$35.2M
Dividends paid

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Leadership

Who has led NVN Liquidation, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

20202025

Chief executive officerPaula B. Stafford Feb 4, 2020 to Jan 25, 2022¹³
Chief executive officerG. Kelly Martin Jun 7, 2017 to Aug 2, 2019¹⁴
Chief executive officerNathan Stasko Sep 20, 2016 to Sep 20, 2016¹⁵
PresidentPaula B. Stafford Jan 30, 2019 to Jan 25, 2022¹⁶
PresidentNathan Stasko Sep 20, 2016 to Feb 23, 2018¹⁵
Chief financial officerJohn M. Gay May 19, 2021 to Jun 8, 2023¹⁷
Chief financial officerJeff N. Hunter Feb 23, 2018 to Feb 23, 2018¹⁸
Chief financial officerWilliam L. Hodges Mar 28, 2017 to Sep 18, 2017¹⁹
Chief financial officerRichard D. Peterson Sep 20, 2016 to Sep 20, 2016²⁰
Chief operating officerA. Donofrio John Mar 18, 2022 to Jun 8, 2023²¹
Chief operating officerPaula B. Stafford Jan 30, 2019 to Sep 10, 2019¹⁶

Board members and other officers (16)

VP, Finance & Corp. ControllerJohn M. Gay Jan 31, 2019 to Apr 8, 2020²²
Chief Accounting OfficerAndrew Novak Apr 23, 2018 to Jun 9, 2022²³
Chief Commercial OfficerBrian M. Johnson Sep 20, 2016 to Jun 14, 2017²⁴
VP of Technical OperationsJeff N. Hunter Sep 20, 2016 to Aug 24, 2018²⁵
Chief Medical OfficerM. Joyce Rico Sep 20, 2016 to Nov 4, 2016²⁶
Board memberSteven D. Skolsky Mar 2, 2021 to Jun 8, 2023²⁷
Board memberJames L. Bierman Sep 25, 2020 to Jun 8, 2023²⁸
Board memberEugene Sun Feb 21, 2018 to Aug 2, 2019²⁹
Board memberPaula B. Stafford Aug 23, 2017 to Jan 25, 2022³⁰
Board memberMachelle Sanders Sep 26, 2017 to Jun 27, 2023³¹
Board memberG. Kelly Martin Sep 20, 2016 to Aug 2, 2019³²
Board memberJohn W. Palmour Sep 20, 2016 to Jun 9, 2022³³
Board memberNathan Stasko Sep 20, 2016 to Feb 23, 2018¹⁵
Board memberRobert Alexander Ingram Sep 20, 2016 to Jul 30, 2020³⁴
Board memberRobert J. Keegan Sep 20, 2016 to Jun 8, 2023³⁵
Board memberW. Kent Geer Sep 20, 2016 to Jun 8, 2023³⁶

Former names

Novan, Inc.Jul 2, 2009 to Sep 27, 2023²

Timeline

Feb 4, 2020New chief executive Paula B. Stafford becomes CEO¹³
Jun 7, 2017New chief executive G. Kelly Martin becomes CEO¹⁴
Sep 20, 2016New chief executive Nathan Stasko becomes CEO¹⁵

Filings

117 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 41 major events, 26 insider forms, 43 other. The latest 20:

The 117 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNVN Liquidation, Inc. filings on SEC EDGAR
2
SEC EDGARNVN Liquidation, Inc. filings on SEC EDGAR
3
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2022
4
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2017
5
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2019
6
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2020
7
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2016
8
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2018
9
SEC EDGARNVN Liquidation, Inc. 10-Q for fiscal 2022
10
SEC EDGARNVN Liquidation, Inc. 10-Q for fiscal 2022
11
SEC EDGARNVN Liquidation, Inc. 10-Q for fiscal 2023
12
SEC EDGARNVN Liquidation, Inc. 10-K for fiscal 2016
13
SEC EDGARPaula B. Stafford, Chief executive officer
14
SEC EDGARG. Kelly Martin, Chief executive officer
15
SEC EDGARNathan Stasko, Chief executive officer
16
SEC EDGARPaula B. Stafford, President
17
SEC EDGARJohn M. Gay, Chief financial officer
18
SEC EDGARJeff N. Hunter, Chief financial officer
19
SEC EDGARWilliam L. Hodges, Chief financial officer
20
SEC EDGARRichard D. Peterson, Chief financial officer
21
SEC EDGARA. Donofrio John, Chief operating officer
22
SEC EDGARJohn M. Gay, VP, Finance & Corp. Controller
23
SEC EDGARAndrew Novak, Chief Accounting Officer
24
SEC EDGARBrian M. Johnson, Chief Commercial Officer
25
SEC EDGARJeff N. Hunter, VP of Technical Operations
26
SEC EDGARM. Joyce Rico, Chief Medical Officer
27
SEC EDGARSteven D. Skolsky, Board member
28
SEC EDGARJames L. Bierman, Board member
29
SEC EDGAREugene Sun, Board member
30
SEC EDGARPaula B. Stafford, Board member
31
SEC EDGARMachelle Sanders, Board member
32
SEC EDGARG. Kelly Martin, Board member
33
SEC EDGARJohn W. Palmour, Board member
34
SEC EDGARRobert Alexander Ingram, Board member
35
SEC EDGARRobert J. Keegan, Board member
36
SEC EDGARW. Kent Geer, Board member