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Dec 31, 2019
Evolus Q4 2019 Earnings Report
Evolus's Q4 2019 financial results were reported, highlighted by a revenue increase and strategic business updates.
Key Takeaways
Evolus reported a net revenue of $19.5 million for Q4 2019, up from $13.2 million in Q3 2019, driven by increased Jeuveau® sales. The company's net loss improved to $14.5 million, and they exited the year with a strong cash position of $129.8 million.
Net revenue for Q4 2019 reached $19.5 million, a 48% increase from Q3 2019.
Jeuveau® achieved the number three unit share position in the U.S. market.
The company launched Evolux™, a practice loyalty program featuring co-branded digital advertising.
Net loss for Q4 2019 improved to $14.5 million due to increased sales and lower operating expenses.
Forward Guidance
Evolus is increasing its focus against the fast-growing consumer segment by launching their Direct to Millennial (DTM) strategy. In Q1 2020, they launched Evolux™, and in Q2 2020, they are planning to unveil their consumer loyalty program.
Positive Outlook
- Focus on the fast-growing millennial segment.
- Launch of Direct to Millennial (DTM) strategy.
- National digital campaign to accelerate consumer demand.
- Launch of Evolux™ to deliver co-branded digital advertising to customers based on loyalty status.
- Unveiling a consumer loyalty program in Q2 2020 to make treatments more affordable.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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