NASDAQ$EOLS

Evolus Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$43.6M

Previous: $34.7M+25.9%
EPS (adj)

-$0.14

Previous: -$0.33+57.6%
Adjusted Gross Profit Margin

69.4%

Previous: 54.3%+27.8%
Gross Profit Margin

67.7%

Previous: 52.2%+29.7%
Capital Expenditures

$866K

Previous: $393K+120.4%
Free Cash Flow

-$9.64M

Previous: -$9.44M-2.2%
Net Income

-$13.2M

Previous: -$18.2M+27.6%
Operating Income

-$10.6M

Previous: -$18M+41.0%
Gross Profit

$30.3M

Previous: $18.1M+67.4%
Cash & Equivalents

$53.9M

Previous: $146M-63.1%
Total Assets

$178M

Previous: $257M-30.9%
Stock-Based Comp

$2.41M

Previous: $2.65M-8.9%

Revenue & EPS history

Evolus · Revenue · Quarterly

$43.6M

Q4 2022+25.9%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

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.

Tailwinds

  • 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

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 Q4 2022

Historical avgQ4 2022

+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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