OTC$EVFM

Evofem Biosciences Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong growth in Phexxi prescriptions and dispensed units.

Evofem Biosciences reported a 68% increase in Phexxi net product sales, reaching $1.9 million, alongside a decrease in total operating expenses by 6%. The company's net loss attributable to common stockholders improved to $33.4 million, or $(0.27) per share.

  • Phexxi prescriptions filled increased by 47% compared to Q1 2021.
  • Dispensed units increased by 65% compared to Q1 2021.
  • Prescriber base grew by 61% in Q2 2021 compared to Q1 2021.
  • National brand ambassador campaign is launching in September 2021.

Headline financials

Total Revenue

$1.86M

No prior period
EPS (adj)

-$4.01

Previous: -$1.36-194.9%
Capital Expenditures

-$2.29M

Previous: $441K-619.0%
Free Cash Flow

-$35.7M

Previous: -$15.5M-130.5%
Net Income

-$33.4M

Previous: -$52.7M+36.5%
Operating Income

-$41.1M

Previous: -$22.4M-83.9%
Gross Profit

$1.02M

No prior period
Cash & Equivalents

$47M

Previous: $124M-62.0%
Total Assets

$109M

Previous: $68.5M+58.7%
Stock-Based Comp

$2.99M

Previous: $6.03M-50.4%

Revenue & EPS history

Evofem Biosciences · Revenue · Quarterly

$1.86M

Q2 2021
Beat estimate in 2 of 7 quarters(29%)
ActualEstimate

Revenue by segment

Evofem Biosciences · $899K total across 1 segment · Q1 2026

  • Product Sales
    $899K

Forward guidance

Evofem is on track to complete enrollment in EVOGUARD by year-end 2021 and expects cost containment measures to result in aggregate savings of $9.5 million on an annualized basis.

Tailwinds

  • Strong and sustainable growth in Phexxi prescriptions.
  • Strong and sustainable growth in dispensed units.
  • Momentum allows to further accelerate the growth trajectory with celebrity campaign launching in early September.
  • On track to complete enrollment in EVOGUARD by year-end 2021.
  • Cost containment measures are expected to result in aggregate savings of $9.5 million on an annualized basis.

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

-4.2%

Avg return

Earnings day

-6.2%

Avg return

5 days after

-6.7%

Avg return

30 days after

29%

13 / 45 earnings

Positive

+32.4%

Q4 2023

Best reaction

-36.7%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-4.5%+19.7%
Q3 2025+11.1%+11.1%+33.3%
Q2 2025+11.1%+11.1%+77.8%
Q1 2025+12.5%+12.5%+25.0%
Q3 2024-16.5%-16.7%-16.7%
Q2 2024+6.4%+11.1%+0.0%
Q1 2024-15.3%-12.5%-41.7%
Q4 2023+32.4%+11.1%-5.6%
Q3 2023+0.0%+0.0%+21.4%
Q2 2023-13.3%-13.0%-51.1%
Q1 2023-9.5%-4.8%-61.9%
Q4 2024+0.0%-13.6%-13.6%
Q3 2022-19.2%-4.1%-34.2%
Q4 2022-19.2%-4.1%-34.2%
Q2 2022+8.4%-28.3%-63.2%
Q1 2022-18.2%-20.7%-51.5%
Q4 2021-17.4%-26.5%-44.3%
Q3 2021-16.3%-31.3%-43.3%
Q2 2021-10.0%-20.6%-2.7%
Q1 2021+16.8%+8.1%-14.5%
Q4 2020-36.7%-36.9%-43.9%
Q3 2020-3.7%-10.6%-11.8%
Q2 2020-5.0%-8.4%+11.9%
Q1 2020-2.0%-0.4%-35.2%
Q4 2019-19.8%-21.3%+1.0%
Q3 2019+0.8%+5.1%+34.9%
Q2 2019-10.7%-6.8%-1.3%
Q1 2019+31.8%+59.6%+49.9%
Q4 2018-20.7%-21.4%-15.7%
Q3 2018-9.8%-12.1%-8.8%
Q2 2018-5.1%-7.8%+87.1%
Q1 2018-11.4%-15.6%-46.9%
Q4 2017-3.5%-3.0%-5.3%
Q3 2017-3.2%+2.4%+13.7%
Q2 2017-17.4%-23.0%-27.2%
Q1 2017+2.2%+8.6%-0.5%
Q4 2016-2.1%-2.1%+31.5%
Q3 2016+0.9%+0.9%-1.7%
Q2 2016-11.9%-11.8%+8.9%
Q1 2016-6.9%
Q4 2015+4.8%
Q3 2015-6.4%
Q2 2015-0.9%
Q1 2015-2.7%
Q4 2014+6.5%
Q3 2014
Q2 2014
Q1 2014
Q4 2013

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