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Sep 30, 2020
Evolus Q3 2020 Earnings Report
Reported third quarter net sales above expectations due to the strong underlying fundamentals. Operating expenses were reduced and the Jeuveau® business experienced high growth.
Key Takeaways
Evolus reported a 34% increase in net revenue compared to Q3 2019, driven by strong Jeuveau® sales. The company also reduced operating expenses by 38%.
Total net revenues for Q3 2020 were $17.7 million, a 34% increase over Q3 2019.
U.S. Jeuveau® net revenue was $16.9 million.
GAAP operating expenses decreased by 38% to $21.6 million.
Cash, cash equivalents and short-term investments as of September 30, 2020 were $110.1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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