Welcome to our dedicated page for Evolus news (Ticker: EOLS), a resource for investors and traders seeking the latest updates and insights on Evolus stock.
Evolus, Inc. commercializes cash-pay medical aesthetic products for the global performance beauty market. Its portfolio centers on Jeuveau® (prabotulinumtoxinA-xvfs), known as Nuceiva® outside the United States, and injectable hyaluronic acid gel collections marketed under the Evolysse® and Estyme® brands.
Recurring Evolus news includes quarterly financial results, revenue outlooks, product and market expansion for injectable aesthetics, CE Mark certification for HA gel collections, national-account and customer engagement updates, healthcare conference participation, and equity compensation grants under Nasdaq inducement rules. Company updates also discuss operations across the United States, Canada, Europe, and Australia.
Evolus, Inc. (Nasdaq: EOLS) has appointed David K. Erickson as Vice President of Investor Relations, effective immediately. With over 25 years of experience in investor relations and the healthcare sector, Erickson is expected to enhance the company's strategic investor communications. His prior roles include positions at Establishment Labs Holdings and Edwards Lifesciences. Evolus aims to expand its global presence, including a European launch anticipated in early 2022, which will further benefit from Erickson's industry connections and expertise.
Evolus, Inc. (Nasdaq: EOLS) announced a peer-reviewed article in Dermatologic Surgery highlighting prabotulinumtoxinA (Jeuveau®)'s efficacy for treating glabellar lines in patients with Skin of Color (SOC). The study compared outcomes in 492 patients and found responder rates were slightly lower for SOC patients. Notably, the headache was the most common adverse event, affecting 12.1% of SOC patients. With growing demand from SOC patients, understanding the effectiveness and safety differences between SOC and non-SOC populations becomes crucial for dermatologists.
Evolus, Inc. (Nasdaq: EOLS) has appointed Dan Stewart as Vice President and General Manager of its International business. With over 20 years of experience in medical aesthetics, Stewart is expected to lead Evolus' global expansion, beginning with the European launch of Nuceiva™ in early 2022. The Chief Marketing Officer praised Stewart's successful track record. Evolus is known for its customer-centric approach and innovative products, including Jeuveau®, a unique neurotoxin approved for aesthetics.
Evolus, Inc. (Nasdaq: EOLS) reported Q1 2021 net revenues of $12.2 million, a 16% increase from the previous year, aided by the resolution of an International Trade Commission (ITC) case. The company's pro forma cash position stood at $140 million as of March 31, 2021. The U.S. Jeuveau® business is on track for a $100 million annual revenue run rate in Q2 2021. Moreover, operating expenses decreased by 25.7% year-over-year, while gross margins are expected to stabilize post-September 2022.
Evolus, a performance beauty company, announced two Phase II peer-reviewed studies published in Aesthetic Surgery Journal showcasing the safety and efficacy of repeat doses of Jeuveau® for treating glabellar lines. Conducted to support regulatory approval in North America and Europe, the studies indicate prolonged use is safe, with decreasing adverse events noted over time. Jeuveau® employs patented Hi-Pure™ technology that minimizes antibody formation. The studies confirm the effectiveness of Jeuveau® as a viable neurotoxin alternative for consumers.
Evolus, a performance beauty company, will report its first quarter 2021 financial results on May 12, 2021, after U.S. market close. A conference call will follow at 4:30 p.m. ET, providing a business update and a Q&A session. Domestic callers can access the call at (866) 916-2317, while international callers should use (703) 925-2662, with conference ID 7749489. A replay will be available until May 19, 2021. The event can also be streamed live via the Evolus Investor Relations website.
Evolus, a performance beauty company, will participate in the 7th Annual Truist Securities Life Sciences Summit on May 5, 2021, from 3:30 PM to 4:10 PM ET. The event will feature a fireside chat and 1x1 meetings, allowing investors to engage with management. An audio webcast of the discussion will be accessible on the company's investor relations page and available for replay for 90 days post-event. Evolus is known for its aesthetic neurotoxin, Jeuveau®, approved by the FDA in 2019, and aims to transform the aesthetic market.
Evolus announced the pricing of a public offering of 9,000,000 shares of common stock at $9.50 each, aiming for gross proceeds of $85.5 million. The offering, expected to close around April 26, 2021, includes an option for underwriters to purchase an additional 1,350,000 shares. Proceeds will fund Jeuveau® growth in the U.S., European pre-launch activities, and general corporate purposes. The offering is managed by SVB Leerink, Stifel, and Cantor, with details available in the prospectus filed with the SEC.
Evolus, Inc. (Nasdaq: EOLS) has announced a proposed underwritten public offering of its common stock, subject to market conditions. The company may grant underwriters an option to purchase an additional 15% of shares. The net proceeds will fund the growth of Jeuveau® in the U.S., support European pre-launch activities, and cover general corporate purposes. This offering is managed by SVB Leerink, Stifel, and Cantor. Details are available in the preliminary prospectus supplement filed with the SEC.
Evolus, a performance beauty company, reported a strong Q4 2020 with net revenue of $20.6 million, its highest since launching Jeuveau®.
The company resolved significant litigation issues, eliminating $127 million in debt, and improved its cash position to $57 million as of December 31, 2020. Despite litigation expenses impacting operating results, gross margins were solid at 64.6% for Q4. The company expects net revenue to continue rising in 2021, despite short-term gross margin pressures due to settlement agreements.