Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Vandana Singh

Evolus Expects Q4 FY21 Sales Better Than Anticipated, Issues FY22 Guidance

Evolus Inc (NASDAQ:EOLS) has posted interim Q4 sales of approximately $34.7 million (better than the consensus of $30.87 million), up 68% Y/Y, driven by higher volumes and a higher average selling price.

  • Total sales for FY21 are expected to be approximately $99.7 million, +76% Y/Y.
  • Accounts purchasing Jeuveau increased by more than 400 in Q4. 
  • In 2021, more than 1,400 new accounts were added, bringing the total number of accounts purchased to date since launch to more than 7,000.
  • Nearly 55,000 new consumers enrolled in Q4, bringing the total number of consumers at year-end to more than 270,000.
  • The Company held cash & cash equivalents of approximately $146.3 million.
  • For FY22, the Company sees sales of $143 million - $150 million (compared to the consensus of $144.96 million), representing Y/Y growth of 43% - 50%, with an adjusted gross profit margin of 58% - 61%. 
  • During Q1 of 2022, Evolus anticipates enrolling the first patient in its Phase 2 program, evaluating an "extra strength" dose of Jeuveau for an extended duration.
  • Evolus expects to commence its European launch in select countries during Q3 2022.
  • The Company expects its regulatory filing for marketing approval in Australia will receive acceptance in Q1 of 2022, setting the stage for a commercial launch in 2023.
  • Price Action: EOLS shares are up 9.79% at $6.17 during the market session on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.