OTC$EVFM

Evofem Biosciences Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Evofem Biosciences reported financial results for Q3 2020.

Evofem Biosciences reported its first quarter of product sales, with net product sales of $0.3 million following the U.S. commercial launch of Phexxi. The company also initiated its Phase 3 EVOGUARD trial and secured a $25 million strategic investment.

  • Launched Phexxi as the first and only hormone-free, prescription vaginal gel approved in the United States for the prevention of pregnancy.
  • Initiated EVOGUARD, the pivotal Phase 3 clinical trial to evaluate safety and efficacy of EVO100 for the prevention of chlamydia and gonorrhea in women.
  • Secured a $25 million strategic investment from Adjuvant Capital at a premium to market, with proceeds earmarked to fund EVOGUARD and expand global market access for Phexxi.
  • The Phase 3 AMPOWER study of Phexxi for prevention of pregnancy was published in the peer-reviewed journal Contraception.

Headline financials

Total Revenue

$278K

No prior period
EPS (adj)

-$0.27

Previous: -$562.22+100.0%
Capital Expenditures

-$833K

No prior period
Free Cash Flow

-$30.7M

No prior period
Net Income

-$29.9M

Previous: -$13.8M-116.7%
Operating Income

-$26.2M

Previous: -$14.3M-82.9%
Gross Profit

-$39K

Previous: $0.00
Cash & Equivalents

$86.7M

No prior period
Total Assets

$112M

No prior period
Stock-Based Comp

$1.64M

No prior period

Revenue & EPS history

Evofem Biosciences · Revenue · Quarterly

$278K

Q3 2020
Beat estimate in 0 of 4 quarters(0%)
ActualEstimate

Revenue by segment

Evofem Biosciences · $278K total across 1 segment · Q3 2020

  • Product Sales
    $278K

Forward guidance

Evofem Biosciences expects Phexxi to reach its full market potential based on key launch metrics, including the number of women who have taken advantage of the Phexxi Concierge Experience, Phexxi.com website visitors, and interest among healthcare providers. The company expects to file an NDA for EVO100 in 2022, assuming timely completion and positive study results.

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 2020

Historical avgQ3 2020

-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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