NASDAQ$EOLS

Evolus Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net Revenue grew 235% Year-over-Year and exceeded Annualized Revenue Run Rate Goal.

Evolus reported a record level of sales in Q2 2021, with net revenues increasing by 235% year-over-year to $26.1 million. The company exceeded its annualized revenue run rate goal of $100 million and had a strong cash position of $131.7 million at quarter-end. Evolus is on track for a European launch in early 2022.

  • Jeuveau® net revenues were $26.1 million, up strongly compared to the second quarter of 2020, driven primarily by higher volumes.
  • Increased Jeuveau® purchasing account base to more than 6,000 customers.
  • Over 200,000 consumers registered in the Evolus customer loyalty program as compared to 122,000 at year-end 2020, a 66% increase.
  • On track for European launch in early 2022, representing an estimated $470 million botulinum toxin market in 2022 in which the company will compete.

Headline financials

Total Revenue

$26.1M

Previous: $7.81M+234.3%
EPS (adj)

-$0.31

Previous: -$0.54+42.6%
Adjusted Gross Profit Margin

56.7%

No prior period
Gross Profit Margin

53.9%

Previous: 75.0%-28.1%
Capital Expenditures

$0.00

Previous: -$677K+100.0%
Free Cash Flow

-$15.6M

Previous: -$21.8M+28.4%
Net Income

-$15.6M

Previous: -$21.1M+26.1%
Operating Income

-$15.3M

Previous: -$18.9M+19.0%
Gross Profit

$14.8M

Previous: $5.86M+152.6%
Cash & Equivalents

$132M

Previous: $29.8M+342.5%
Total Assets

$240M

Previous: $195M+23.3%
Stock-Based Comp

$2.86M

Previous: $2.37M+20.5%

Revenue & EPS history

Evolus · Revenue · Quarterly

$26.1M

Q2 2021+234.3%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The company increased its full year 2021 adjusted gross profit margin target to a range of 54% to 57%. Beginning in the fourth quarter of 2022, the gross profit margin is expected to exceed 70% due to reduced settlement royalty rates.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.1%

Avg return

30 days after

42%

14 / 33 earnings

Positive

+35.4%

Q4 2025

Best reaction

-26.9%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.7%+19.3%
Q4 2025+35.4%+29.5%-2.4%
Q3 2025+5.4%+2.6%+0.6%
Q1 2025-14.2%-13.9%-14.6%
Q4 2024-1.3%-11.6%-25.5%
Q3 2024-13.3%-20.4%-23.2%
Q2 2024+15.2%+9.2%+30.4%
Q1 2024-1.0%-4.8%-7.4%
Q4 2023-0.3%-0.1%-6.0%
Q3 2023+9.7%+0.4%+20.3%
Q2 2023-1.2%-8.3%-2.6%
Q1 2023+17.8%+14.9%-3.9%
Q4 2022-6.4%-7.7%-8.5%
Q3 2022-8.4%-3.2%-1.6%
Q2 2022-26.9%-28.3%-30.3%
Q1 2022+9.2%+29.0%+20.4%
Q4 2021+1.8%+3.0%+25.0%
Q3 2021-9.5%-10.0%-33.3%
Q2 2021-6.9%+1.7%-15.1%
Q1 2021-0.9%+2.4%+41.1%
Q4 2020-21.1%-28.2%-43.0%
Q3 2020-1.9%+2.3%+23.9%
Q2 2020+6.6%+6.0%+2.6%
Q1 2020+4.8%-9.7%+32.9%
Q4 2019-3.4%-8.1%-51.9%
Q3 2019-2.2%-10.7%-20.3%
Q2 2019-10.9%-21.8%-6.7%
Q1 2019-7.5%-5.1%-46.4%
Q4 2018+7.0%-3.3%-2.7%
Q3 2018-5.8%-6.6%-10.6%
Q2 2018+6.0%+8.2%+34.8%
Q1 2018+27.9%+38.9%+142.4%
Q4 2017+8.5%+9.1%-15.3%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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