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DewDiligence

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DewDiligence

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Re: DewDiligence post# 230

Wednesday, 08/02/2023 4:14:07 PM

Wednesday, August 02, 2023 4:14:07 PM

Post# of 245
EOLS 2Q23 results—6/30/23 cash=$41.7M:

https://investors.evolus.com/press-releases-and-news/news-details/2023/Evolus-Reports-Second-Quarter-2023-Results-and-Provides-Business-Update/default.aspx

Cash and cash equivalents at June 30, 2023 were $41.7 million compared to $31.5 million at March 31, 2023. The cash balance at June 30, 2023 included additional borrowings of $25 million under the company’s credit facility with Pharmakon. For the second quarter of 2023, net cash used for operating activities was $13.3 million, which included the $4.4 million license milestone expense.

EOLS pre-announced 2Q23 sales of $49.3M last week (#msg-172453778).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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