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Evolus, Inc. - EOLS STOCK NEWS

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. (NASDAQ: EOLS) is a performance beauty company headquartered in Newport Beach, California. Established in 2012, Evolus is dedicated to providing innovative medical aesthetic products to physicians and their patients in the United States and Europe. The company's flagship product, Jeuveau, is a proprietary 900 kilodalton purified botulinum toxin type A formulation. It is specifically designed for the temporary improvement in the appearance of moderate to severe glabellar lines, commonly known as frown lines, in adults.

Evolus operates primarily in the self-pay aesthetic market, a unique segment where medical products are purchased by physicians and other customers and then sold to consumers or used in aesthetic procedures. This customer-centric approach positions Evolus to meet the growing demand for non-surgical cosmetic enhancements.

Recent Achievements:

  • Successful expansion of Jeuveau sales across the United States and Europe.
  • Strong partnerships with distribution partners in Canada, generating significant service revenue.
  • Continued investment in research and development to enhance and expand their product offerings.

Current Projects:

  • Exploring new formulations and applications for botulinum toxin type A to address other aesthetic and medical needs.
  • Enhancing digital platforms to improve customer engagement and support for medical professionals.

With a firm commitment to providing high-quality aesthetic solutions, Evolus, Inc. is poised for future growth and innovation in the beauty industry.

Rhea-AI Summary

Evolus announced its preliminary unaudited net revenue for Q4 and full-year 2024, achieving record results. The company reported $79 million in net revenue for Q4 2024, a 30% increase over Q4 2023. For the full year 2024, Evolus reported $266.3 million in net revenue, representing a 32% increase over 2023 and at the top of its guidance range.

The company expects FDA approval within 90 days for its Evolysse™ Form and Evolysse™ Smooth injectable hyaluronic acid (HA) gels, with a U.S. launch planned for Q2 2025, ahead of schedule. Evolus projects 2025 net revenues of $345-$355 million, a 30-33% growth from 2024, with Evolysse™ and Estyme® HA gels contributing 8-10% of total revenue.

Non-GAAP operating expenses for 2025 are expected to be $230-$240 million, with profitability anticipated for the full year. The company continues to see strong performance from its Jeuveau® and Nuceiva® products, with Jeuveau® adding approximately 830 new accounts in Q4 2024 and a 70% reorder rate. The Evolus Rewards program saw a 40% increase in enrollment, ending 2024 with around 1.1 million consumers. As of December 31, 2024, Evolus had $87 million in cash and cash equivalents.

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Evolus (NASDAQ: EOLS) has announced the grant of 15,332 restricted stock units (RSUs) to 6 newly hired non-executive employees. The grants were approved by the company's compensation committee under the 2023 Inducement Incentive Plan, with a grant date and vesting commencement date of January 7, 2025. The RSUs will vest at a rate of 25% annually on each anniversary of the vesting commencement date. The grants serve as an inducement for employment and comply with Nasdaq Listing Rule 5635(c)(4). Recipients must maintain continuous employment to meet vesting requirements.

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Evolus (NASDAQ: EOLS) has granted equity incentives to newly hired non-executive employees in November and December 2023. The November Grants include 9,872 stock options priced at $14.29 per share and 16,596 RSUs to 9 employees. The December Grants comprise 6,034 stock options at $12.66 per share and 22,295 RSUs to 11 employees. Both grants were approved under the company's 2023 Inducement Incentive Plan, with vesting dates set for November 7, 2024, and December 7, 2024, respectively. The stock options have a 10-year term with 25% annual vesting over 4 years, while RSUs vest 25% annually.

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Evolus (NASDAQ: EOLS) reported Q3 2024 total net revenue of $61.1 million, up 22% from Q3 2023, with year-to-date growth of 33%. The company received EU approval for Estyme® Injectable Hyaluronic Acid Gels, with launch expected in H2 2025. Evolus narrowed its 2024 revenue guidance to $260-266 million, representing 29-32% year-over-year growth. The company added over 600 new customer accounts, reaching nearly 14,500 total customers with a 70% reorder rate. The Evolus Rewards™ program surpassed 1 million enrolled consumers. The company expects FDA approval and launch of Evolysse™ Form and Smooth by September 2025, projecting total net revenue of at least $700 million by 2028.

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Evolus (NASDAQ: EOLS), a performance beauty company focused on aesthetics, has announced its upcoming participation in the Stifel Healthcare Conference. The company's management team will deliver a presentation in New York City on Tuesday, November 19 at 10:55 AM ET.

Interested parties can access the presentation through the Investor Relations section of the Evolus website. The webcast will remain available for replay for 90 days following the presentation date.

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Evolus (NASDAQ: EOLS) has received EU Medical Device Regulation certification for four Estyme® injectable hyaluronic acid gels, marking its entry into the dermal filler segment. This certification doubles the company's addressable market outside the U.S. to $1.8 billion. The products, branded as Evolysse™ in the U.S., utilize proprietary cold technology and breakthrough cross-linking technology. Evolus plans a experience program with select physicians in Europe, followed by a broader launch in the second half of 2025. U.S. approval and launch of Evolysse™ remains on track for 2025.

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Evolus announced significant milestones for its Evolus Rewards™ patient loyalty program, surpassing 1 million enrolled consumers and achieving 2 million Jeuveau® redemptions. The SMS-based program, launched in 2020, offers patients $40 off Jeuveau® treatments every 90 days at participating providers. The company plans to launch Club Evolus™, the industry's first subscription-based consumer membership program from a neurotoxin manufacturer, on November 4, 2024. Notably, more than half of new program entrants are millennials or younger, and participating practices experience significantly higher revenue growth compared to non-participating practices.

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Evolus (NASDAQ: EOLS), a performance beauty company focused on building an aesthetic portfolio of consumer brands, has scheduled its third quarter 2024 financial results release for November 6, 2024, after U.S. market close. Management will host a conference call and webcast at 4:30 p.m. ET the same day, including a Q&A session. Investors can join via phone or webcast through the company's Investor Relations page.

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Evolus, Inc. (NASDAQ: EOLS), a performance beauty company, has reported the grant of stock options and restricted stock units (RSUs) to newly hired employees. The company granted:

- Non-qualified stock options to purchase 10,251 shares and 31,049 RSUs to 16 new non-executive employees

- Individually negotiated awards to Umberto La Magna, Senior VP, International, including options to purchase 40,286 shares and 28,213 RSUs

These awards, approved by the compensation committee under Evolus' 2023 Inducement Incentive Plan, have a grant and vesting commencement date of October 7, 2024. The stock options have an exercise price of $16.49 per share, a 10-year term, and vest over 4 years with 25% vesting annually. RSUs also vest 25% annually over 4 years.

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Evolus, Inc. (NASDAQ: EOLS), a performance beauty company focused on building an aesthetic portfolio of consumer brands, has reported the grant of 10,845 restricted stock units (RSUs) to 5 newly hired non-executive employees. The awards were approved by the company's compensation committee under the 2023 Inducement Incentive Plan, with a grant date of September 12, 2024, and a vesting commencement date of September 7, 2024.

The RSUs are designed to vest 25% on each annual anniversary of the vesting commencement date. These grants serve as an inducement for new employees joining Evolus, in accordance with Nasdaq Listing Rule 5635(c)(4). The awards are subject to the terms and conditions of the 2023 Inducement Incentive Plan and the RSU agreement, including continuous employment requirements on each vesting date.

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FAQ

What is the current stock price of Evolus (EOLS)?

The current stock price of Evolus (EOLS) is $13.48 as of January 21, 2025.

What is the market cap of Evolus (EOLS)?

The market cap of Evolus (EOLS) is approximately 851.0M.

What is Evolus, Inc.?

Evolus, Inc. is a performance beauty company that provides medical aesthetic products to physicians and patients in the U.S. and Europe.

What is Jeuveau?

Jeuveau is a proprietary 900 kilodalton purified botulinum toxin type A formulation used to temporarily improve the appearance of moderate to severe frown lines in adults.

Where is Evolus headquartered?

Evolus is headquartered in Newport Beach, California.

When was Evolus founded?

Evolus was founded in 2012.

What market does Evolus primarily serve?

Evolus primarily serves the self-pay aesthetic market.

How does Evolus generate revenue?

Evolus generates product revenue from sales of Jeuveau in the U.S. and Europe, and service revenue from distribution partners in Canada.

What recent achievements has Evolus made?

Evolus has expanded Jeuveau sales in the U.S. and Europe and strengthened partnerships with Canadian distribution partners.

What are Evolus's current projects?

Evolus is working on new formulations and applications for botulinum toxin type A and enhancing digital platforms for better customer engagement.

Who are Evolus's primary customers?

Evolus's primary customers are physicians and other medical professionals who purchase their products for aesthetic procedures.

What is the significance of Jeuveau's formulation?

Jeuveau's formulation is significant because it offers a high-quality, non-surgical option for reducing frown lines, meeting the growing demand for aesthetic enhancements.
Evolus, Inc.

Nasdaq:EOLS

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12.31%
80.26%
8.19%
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