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Jun 30, 2021
Revance Q2 2021 Earnings Report
Reported financial results for the second quarter ended June 30, 2021 and provided a corporate update.
Key Takeaways
Revance Therapeutics reported a strong second quarter with revenue totaling $18.8 million, driven by $17.0 million in RHA® Collection sales and increased fintech payment processing volume.
Q2 revenue for the RHA® Collection of dermal fillers was $17.0 million.
Aesthetic accounts increased to over 2,000 from over 1,500 in the prior quarter.
Fintech payment processing volume run-rate increased to over $500 million in Q2.
FDA pre-approval inspection initiated in June, with approval of DaxibotulinumtoxinA for Injection anticipated in second half 2021.
Forward Guidance
Revance reiterates its financial guidance provided in February 2021.
Positive Outlook
- FDA approval of DaxibotulinumtoxinA for Injection for the treatment of glabellar lines anticipated in 2021.
- The commercial launch of the company’s next-generation fintech platform in the fourth quarter 2021.
- Teoxane SA anticipates FDA approval for RHA® 1 for perioral (lip) lines in the second half 2021.
- Topline results from the ASPEN-OLS Phase 3 open-label, long-term safety study of DaxibotulinumtoxinA for Injection for the treatment of cervical dystonia expected in the second half 2021.
- End-of-Phase 2 meeting with the FDA anticipated in the second half 2021 for DaxibotulinumtoxinA for Injection for the treatment of adults with upper limb spasticity.
Historical Earnings Impact
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