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Dec 31, 2022
Evolus Q4 2022 Earnings Report
Evolus reported Q4 2022 earnings with a net revenue increase of 26% year-over-year, reaching $43.6 million, and reaffirmed its full-year 2023 net revenue guidance.
Key Takeaways
Evolus reported strong Q4 2022 results, with net revenue reaching an all-time high of $43.6 million, a 26% increase from Q4 2021. The company reaffirmed its full-year 2023 net revenue guidance of $180 to $190 million and expects positive non-GAAP operating income in Q4 2023.
Net revenue for Q4 2022 reached $43.6 million, up 26% from Q4 2021.
Full-year 2022 net revenue was $148.6 million, a 49% increase over 2021.
Evolus added over 700 new customer accounts in Q4 2022 and more than 2,500 during 2022.
The company reaffirmed its full-year 2023 net revenue guidance of $180 to $190 million and positive non-GAAP operating income in Q4 2023.
Forward Guidance
Evolus expects total net revenues for full year 2023 to be between $180 million and $190 million, representing year-over-year growth of 21% to 28%. The company also assumes a return to historical seasonal revenue patterns. Evolus expects non-GAAP operating income to be positive in the fourth quarter of 2023 and projects its total net revenue can reach $500 million by 2028, a 22% compound annual growth rate.
Positive Outlook
- Total net revenues for full year 2023 to be between $180 million and $190 million, representing year-over-year growth of 21% to 28%
- Adjusted gross profit margin for the full year 2023 to be between 68% and 71%
- Non-GAAP operating expenses to be between $145 million and $150 million.
- Non-GAAP operating income to be positive in the fourth quarter of 2023
- Total net revenue can reach $500 million by 2028, a 22% compound annual growth rate
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