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Replies to #246 on Evolus (EOLS)
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DewDiligence

07/31/24 4:30 PM

#252 RE: DewDiligence #246

EOLS reports 2Q24 results—raises 2024 sales guidance $5M:

https://investors.evolus.com/press-releases-and-news/news-details/2024/Evolus-Reports-Second-Quarter-2024-Results-and-Raises-Full-Year-Revenue-Guidance/default.aspx

2Q24 Jeuveau/Nuceiva sales were $66.2M, +12% QoQ — consistent with seasonal patterns in the aesthetics business — and +36% YoY. 95% of Jeuveau/Nuceiva sales were from the US.

2Q24 GAAP loss was ($11.3M) or ($0.18)/sh.

Cash at 6/39/24 was $93.7M, a decrease from $97.0M relative to 3/31/24; the 2Q24 cash burn was lessened by $4.2M proceeds (booked in April) from the underwriter’s option of the public offering in Mar 2024.

2024 revenue guidance (mostly Juveau/Nuceiva sales, but including a small amount of “service revenue”) is now $260-270M, up $5M from the guidance given three months ago; the midpoint of the new guidance range is +31% relative to actual 2023 revenue of $202.1M.