OTC$EVFM

Evofem Biosciences Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Evofem Biosciences announced Q3 2024 financial results, improved loss from operations and acquired SOLOSEC.

Evofem Biosciences reported a decrease in net product sales to $4.5 million compared to $5.1 million in the prior year period. However, the operating loss improved to $2.4 million compared to an operating loss of $3.6 million in the third quarter of 2023.

  • Net product sales were $4.5 million, a 12% decrease compared to the prior year period.
  • Operating loss improved to $2.4 million, compared to an operating loss of $3.6 million in the prior year period.
  • Acquired SOLOSEC, a single-dose oral antibiotic FDA-approved to treat two pervasive sexual health infections.
  • Forged commercial agreement for Phexxi in the Middle East.

Headline financials

Total Revenue

$4.5M

Previous: $100M-95.5%
EPS

-$0.02

Previous: $28.02-100.1%
Capital Expenditures

-$14K

Previous: -$4K-250.0%
Free Cash Flow

-$2.38M

Previous: $66M-103.6%
Net Income

-$2.37M

Previous: $66M-103.6%
Operating Income

-$2.44M

Previous: -$3.55M+31.3%
Gross Profit

$3.63M

Previous: $98.1M-96.3%
Total Assets

$23.9M

Previous: $13.3M+79.7%
R&D Expense

$326K

Previous: $577K-43.5%
Stock-Based Comp

$203K

Previous: $258K-21.3%

Revenue & EPS history

Evofem Biosciences · Revenue · Quarterly

$4.5M

Q3 2024-95.5%vs Q3 2023
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Revenue by segment

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

  • Product Sales
    $899K

Forward guidance

The press release includes forward-looking statements regarding the Company’s anticipated financial performance, expected timing of the regulatory submission to the UAE Ministry of Health, and the likelihood of success and anticipated timing to close the contemplated Aditxt transaction.

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 2024

Historical avgQ3 2024

-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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