Evolus reports record Q3 revenue $50M (+48% YoY); raises FY guidance; 40U shows 26-week duration

Evolus, Inc.

2023-Q3 EPS reported -$0.88 revenue$141,086,000

Net revenue of $50.0M, up 48% from $33.9M in Q3 2022; operating cash burn only $0.9M.
Raised FY2023 revenue guidance from $185-195M to $194-198M, representing over 30% YoY growth.
Phase II data for extra-strength 40U Jeuveau shows 26-week (6-month) duration; presented at ASDS.
Added 650+ new customer accounts; total ~11,600; reorder rate >70%; loyalty members 671,000.
Expects non-GAAP operating income in 2025; projects revenue can reach $700M by 2028.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Evolus, Inc. reported three months ended September 30, 2023 results: revenue $50.0 million. Guidance raised.

Period: three months ended September 30, 2023
Revenue: $50.0 million
Guidance: raised
Result: reported results

Exact text from the filing

Total net revenues for the third quarter of 2023 increased 48% to $50.0 million from $33.9 million in the third quarter of 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Evolus, Inc. updated its full year 2023 guidance (raised).

Period: full year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Evolus now expects total net revenues for the full year 2023 to be between $194 and $198 million

View on SEC.gov

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Evolus, Inc. filing history →

Source: SEC EDGAR

accession 0001570562-23-000114

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