earnings
confidence high
sentiment positive
materiality 0.85
Evolus Q1 revenue jumps 177% to $33.9M; guides to upper end of FY2022 range $143-150M
Evolus, Inc.
2022-Q1 EPS reported
-$0.31
revenue$33,908,000
- Net revenue $33.9M vs $12.2M in Q1 2021, driven by higher volumes and slightly higher ASP.
- Added 575 new customer accounts in Q1, total base >7,500; reorder rate above 70%.
- Non-GAAP loss from operations narrowed 19% to $10.3M from $12.6M YoY.
- Cash $106.7M; company expects to fund operations to breakeven without additional capital.
- Full-year adjusted gross margin guidance 58%-61%; Q4 step-up to 68%-71% as royalty rates drop.