NASDAQ$EOLS
Evolus Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Evolus reported record quarterly revenue driven by increased Jeuveau® sales and disciplined operating expense management, demonstrating progress towards profitability.
Evolus reported a record third quarter with net revenue of $50 million, a 48% increase from Q3 2022. The company is raising its full-year 2023 revenue guidance to $194 to $198 million. They are progressing towards profitability, with operating cash use at $0.9 million for the quarter.
- Achieved record quarterly revenue of $50 million, up 48% year-over-year.
- Increased full-year 2023 revenue guidance to $194 to $198 million.
- Added over 650 new customer accounts, bringing the total to approximately 11,600 since launch.
- Net cash used for operating activities reached an all-time quarterly low of $0.9 million.
Headline financials
Revenue & EPS history
Evolus · Revenue · Quarterly
$50M
Forward guidance
Evolus anticipates continued growth, projecting total net revenues for the full year 2023 to be between $194 and $198 million. They also project total net revenue can reach $700 million by 2028.
Tailwinds
- Total net revenues for the full year 2023 to be between $194 and $198 million, representing year-over-year growth of greater than 30%
- Adjusted gross profit margin for the full year 2023 to be between 68% and 71%.
- Full-year non-GAAP operating expenses to be between $153 and $158 million.
- Expect to achieve positive non-GAAP operating income on a consolidated basis in 2025.
- Projects its total net revenue can reach $700 million by 2028, a compound annual growth rate of 29%
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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