Evolus, Inc(NASDAQ:EOLS)

Evolus, Inc., a performance beauty company, provides products in the self-pay aesthetic healthcare market for physicians and their patients in the United States. The company offers products for physicians that are sold to consumers or used in procedures for aesthetic indications, which are not reimb...
Website: http://www.evolus.com
Founded: 2012
Full Time Employees: 125
Sector: Healthcare
Industry: Drug Manufacturers-Specialty & Generic
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||||||||
product revenue | 89,216,000 | 68,967,000 | 68,699,000 | 68,074,000 | 78,956,000 | 60,164,000 | 66,222,000 | 58,964,000 | 60,671,000 | 49,323,000 | 48,680,000 | 41,047,000 | 42,988,000 | 33,215,000 | 37,163,000 | 33,226,000 | 34,657,000 | 26,677,000 | 25,396,000 | 12,241,000 | 20,577,000 | 16,923,000 | |||||||||||
service revenue | 1,084,000 | 688,000 | 448,000 | -9,000 | 921,000 | 687,000 | 369,000 | 328,000 | 696,000 | 666,000 | 674,000 | 658,000 | 684,000 | 682,000 | 702,000 | 738,000 | |||||||||||||||||
total net revenues | 90,300,000 | 68,967,000 | 69,387,000 | 68,522,000 | 78,947,000 | 61,085,000 | 66,909,000 | 59,333,000 | 60,999,000 | 50,019,000 | 49,346,000 | 41,721,000 | 43,646,000 | 33,899,000 | 37,163,000 | 33,908,000 | 34,657,000 | 26,677,000 | 26,098,000 | 20,577,000 | 17,661,000 | ||||||||||||
cost of goods sold | 31,009,000 | 23,126,000 | 24,067,000 | 21,867,000 | |||||||||||||||||||||||||||||
gross profit | 59,291,000 | 45,841,000 | 45,320,000 | 46,655,000 | 6,235,500 | 12,807,000 | 5,858,000 | 6,277,000 | 15,811,000 | 9,449,000 | 1,651,000 | ||||||||||||||||||||||
yoy | -60.56% | 35.54% | 254.82% | ||||||||||||||||||||||||||||||
qoq | 29.34% | 1.15% | -2.86% | -51.31% | 118.62% | -6.68% | -60.30% | 67.33% | 472.32% | ||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||
selling, general and administrative | 54,655,000 | 52,816,000 | 56,675,000 | 56,640,000 | 50,244,000 | 52,506,000 | 50,152,000 | 45,123,000 | 43,058,000 | 43,328,000 | 41,174,000 | 37,384,000 | 36,729,000 | 34,794,000 | 36,875,000 | 33,442,000 | 33,234,000 | 31,685,000 | 26,472,000 | 20,677,000 | 27,394,000 | 21,944,000 | 17,553,000 | 31,300,000 | 30,285,000 | 30,897,000 | 34,892,000 | ||||||
research and development | 3,481,000 | 2,046,000 | 1,837,000 | 2,212,000 | 2,430,000 | 2,314,000 | 2,350,000 | 2,078,000 | 2,380,000 | 1,587,000 | 1,208,000 | 1,381,000 | 1,348,000 | 1,376,000 | 1,550,000 | 468,000 | 423,000 | 301,000 | 499,000 | 841,000 | 719,000 | 350,000 | 145,000 | 507,000 | 418,000 | 693,000 | 509,000 | 2,353,000 | 1,184,000 | 1,977,000 | 1,648,000 | 1,678,000 | |
revaluation of contingent royalty obligation payable to evolus founders | -4,511,000 | -107,000 | -3,914,000 | 2,151,000 | 1,565,000 | 2,428,000 | 1,605,000 | 1,578,000 | -875,000 | 1,802,000 | 1,682,000 | 1,648,000 | 1,809,000 | 1,216,000 | 1,414,000 | 1,316,000 | 1,012,250 | 1,400,000 | 1,381,000 | 1,268,000 | -2,480,500 | -2,471,000 | 2,433,000 | -9,884,000 | 1,994,250 | 1,795,000 | 1,269,000 | ||||||
depreciation and amortization | 1,446,000 | 1,143,000 | 932,000 | 824,000 | -1,581,000 | 1,087,000 | 1,427,000 | 1,409,000 | 1,373,000 | 1,311,000 | 1,247,000 | 1,202,000 | 1,027,000 | 920,000 | 853,000 | 922,000 | 920,000 | 923,000 | 1,746,000 | 2,033,000 | 1,876,000 | 1,744,000 | 1,658,000 | 1,749,000 | 1,468,000 | 1,202,000 | 978,000 | 484,000 | 2,000 | 3,000 | 4,000 | ||
restructuring costs | 1,443,000 | 2,956,000 | |||||||||||||||||||||||||||||||
total operating expenses | 55,071,000 | 57,341,000 | 55,530,000 | 61,827,000 | -2,709,000 | 76,558,000 | 74,611,000 | 68,255,000 | 69,634,000 | 63,459,000 | 64,464,000 | 53,761,000 | 54,283,000 | 51,796,000 | 58,511,000 | 49,356,000 | 52,652,000 | 45,799,000 | 41,400,000 | 4,227,000 | 139,624,000 | 21,567,000 | 24,745,000 | 23,672,000 | 28,354,000 | 34,587,000 | 37,648,000 | 25,269,000 | 12,508,000 | 11,489,000 | 16,100,000 | 6,045,000 | |
income from operations | 4,220,000 | -11,500,000 | -10,210,000 | -15,172,000 | -2,314,000 | -15,473,000 | -7,702,000 | -8,922,000 | -8,635,000 | -13,440,000 | -15,118,000 | -12,040,000 | -10,637,000 | -17,897,000 | -21,348,000 | -15,448,000 | -17,995,000 | -19,122,000 | -15,302,000 | 8,014,000 | -108,026,000 | -8,760,000 | -18,887,000 | -17,395,000 | -12,543,000 | -25,138,000 | -35,997,000 | -25,269,000 | -12,508,000 | -11,489,000 | -16,100,000 | -6,045,000 | |
yoy | -282.37% | -25.68% | 32.56% | 70.05% | -73.20% | 15.13% | -49.05% | -25.90% | -18.82% | -24.90% | -29.18% | -22.06% | -40.89% | -6.41% | 39.51% | -292.76% | -83.34% | 118.29% | -18.98% | -146.07% | 761.25% | -65.15% | -47.53% | -31.16% | 0.28% | 118.80% | 123.58% | 318.01% | |||||
qoq | -136.70% | 12.63% | -32.70% | 555.66% | -85.04% | 100.90% | -13.67% | 3.32% | -35.75% | -11.10% | 25.56% | 13.19% | -40.57% | -16.17% | 38.19% | -14.15% | -5.89% | 24.96% | -290.94% | -107.42% | 1133.17% | -53.62% | 8.58% | 38.68% | -50.10% | -30.17% | 42.46% | 102.02% | 8.87% | -28.64% | 166.34% | ||
other income: | |||||||||||||||||||||||||||||||||
interest income | 263,000 | 479,000 | 479,000 | 710,000 | 789,000 | 928,000 | 1,029,000 | 517,000 | 291,000 | 306,000 | 164,000 | 99,000 | 77,000 | 38,000 | 4,000 | 1,000 | 5,000 | 32,000 | 224,000 | 374,000 | 375,000 | 460,000 | 615,000 | 389,000 | |||||||||
interest expense | -3,978,000 | -4,094,000 | -7,207,000 | -4,415,000 | -4,573,000 | -4,764,000 | -4,696,000 | -4,702,000 | -4,075,000 | -3,786,000 | -3,182,000 | -2,789,000 | -2,631,000 | -2,343,000 | -2,075,000 | -2,048,000 | -140,000 | -311,000 | -300,000 | -645,000 | -2,823,000 | -2,758,000 | -2,464,000 | -2,458,000 | -2,468,000 | -2,455,000 | -2,412,000 | -618,000 | -1,613,000 | 322,000 | 321,000 | 107,000 | |
other income | 10,000 | -455,000 | -151,000 | 57,000 | -253,000 | 273,000 | 62,000 | 45,000 | 694,000 | 21,000 | 19,000 | ||||||||||||||||||||||
income before income taxes | 515,000 | -15,570,000 | -17,089,000 | -25,498,000 | |||||||||||||||||||||||||||||
income tax expense | -385,000 | -167,000 | -53,000 | 72,000 | 440,000 | 134,000 | 43,000 | 47,000 | 106,000 | 24,000 | 23,000 | 23,000 | 57,000 | 12,000 | 28,000 | -2,000 | -150,000 | -27,000 | -2,000 | 256,000 | -128,000 | -149,000 | -227,000 | -14,523,000 | 10,250 | 19,000 | 12,000 | 10,000 | |||||
net income | 130,000 | -15,737,000 | -17,142,000 | -18,892,000 | -6,791,000 | -19,170,000 | -11,350,000 | -13,109,000 | -11,831,000 | -16,923,000 | -18,140,000 | -14,791,000 | -13,164,000 | -20,276,000 | -23,471,000 | -17,501,000 | -18,177,000 | -19,433,000 | -15,601,000 | 6,401,000 | -110,694,000 | -11,459,000 | -21,125,000 | -19,735,000 | -14,508,000 | -26,984,000 | -37,567,000 | -10,975,000 | |||||
yoy | -101.91% | -17.91% | 51.03% | 44.11% | -42.60% | 13.28% | -37.43% | -11.37% | -10.13% | -16.54% | -22.71% | -15.48% | -27.58% | 4.34% | 50.45% | -373.41% | -83.58% | 69.59% | -26.15% | -132.43% | 662.99% | -57.53% | -43.77% | 79.82% | |||||||||
qoq | -100.83% | -8.20% | -9.26% | 178.19% | -64.57% | 68.90% | -13.42% | 10.80% | -30.09% | -6.71% | 22.64% | 12.36% | -35.08% | -13.61% | 34.11% | -3.72% | -6.46% | 24.56% | -343.73% | -105.78% | 866.00% | -45.76% | 7.04% | 36.03% | -46.23% | -28.17% | 242.30% | ||||||
other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||||
currency translation adjustment | -19,000 | 462,000 | 240,000 | ||||||||||||||||||||||||||||||
comprehensive loss | 111,000 | -15,275,000 | -16,902,000 | -18,826,000 | -7,007,000 | -19,258,000 | -11,394,000 | -13,239,000 | -11,652,000 | -17,061,000 | -18,192,000 | -14,870,000 | -13,133,000 | -20,479,000 | -23,533,000 | -18,177,000 | -19,433,000 | -15,601,000 | -110,697,000 | -11,475,000 | -21,331,000 | -19,516,000 | -14,521,000 | -27,008,000 | -37,515,000 | -10,984,000 | |||||||
net income per share | -0.24 | -0.27 | -0.3 | -0.1 | -0.3 | -0.18 | -0.22 | -0.2 | -0.3 | -0.32 | -0.26 | -0.24 | -0.36 | -0.42 | -0.31 | -0.34 | -0.35 | -0.31 | 0.17 | -3.28 | -0.34 | -0.63 | -0.59 | -0.43 | -0.98 | -1.37 | -0.4 | -0.45 | -0.48 | -0.69 | -0.3 | ||
weighted-average shares outstanding used to compute basic and diluted net loss per share | 64,468,913 | 64,726,239 | 64,539,291 | 63,696,627 | 62,016,853 | 63,148,968 | 62,724,604 | 58,797,311 | 56,918,721 | 57,023,151 | 56,920,260 | 56,475,572 | 56,065,297 | 56,176,949 | 56,079,569 | 49,773,101 | 55,007,132 | 51,150,063 | 33,737,838 | 33,748,690 | 33,732,754 | 33,720,436 | 28,237,816 | 27,470,558 | 27,408,774 | 27,330,174 | 24,402,368 | 24,768,581 | 23,687,866 | 20,226,460 | |||
loss before income taxes: | -18,820,000 | -6,351,000 | -19,036,000 | -11,307,000 | -13,062,000 | -11,725,000 | -16,899,000 | -18,117,000 | -14,768,000 | -13,107,000 | -20,264,000 | -23,443,000 | -7,158,250 | -19,433,000 | -15,601,000 | -13,023,000 | -11,486,000 | -21,127,000 | -19,479,000 | -22,606,250 | -27,133,000 | -37,794,000 | |||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||||
unrealized income, net of tax | 66,000 | ||||||||||||||||||||||||||||||||
product cost of sales | 13,841,750 | 18,223,000 | 19,077,000 | 18,067,000 | 19,270,000 | 15,431,000 | 14,712,000 | 12,146,000 | 13,370,000 | 13,490,000 | 15,819,000 | 13,208,000 | 15,834,000 | 11,490,000 | 11,302,000 | 4,908,000 | |||||||||||||||||
in-process research and development | 4,428,000 | 4,441,000 | 2,000,000 | ||||||||||||||||||||||||||||||
unrealized loss, net of tax | -216,000 | -88,000 | -44,000 | -130,000 | 179,000 | -138,000 | -52,000 | -79,000 | 31,000 | -203,000 | |||||||||||||||||||||||
other expense | -38,000 | 84,000 | -62,000 | -24,000 | -7,000 | ||||||||||||||||||||||||||||
settlement payment from daewoong | -25,500,000 | ||||||||||||||||||||||||||||||||
loss from extinguishment of debts | -968,000 | ||||||||||||||||||||||||||||||||
other comprehensive gain: | |||||||||||||||||||||||||||||||||
unrealized gain | -62,000 | 103,000 | |||||||||||||||||||||||||||||||
income before income taxes: | -17,503,000 | 6,401,000 | |||||||||||||||||||||||||||||||
comprehensive income | -17,398,000 | 6,401,000 | |||||||||||||||||||||||||||||||
weighted-average shares outstanding used to compute basic net income per share | 55,731,217 | 37,100,897 | |||||||||||||||||||||||||||||||
weighted-average shares outstanding used to compute diluted net income per share | 55,731,217 | 41,104,627 | |||||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities, net of tax | -9,000 | ||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax | -3,000 | -16,000 | -206,000 | 219,000 | -13,000 | -24,000 | 52,000 | ||||||||||||||||||||||||||
cost of sales | 2,755,250 | 4,854,000 | 1,948,000 | 4,219,000 | 1,094,500 | 3,718,000 | 660,000 | ||||||||||||||||||||||||||
net revenues | 7,806,000 | 10,496,000 | 3,869,500 | 13,167,000 | 2,311,000 | ||||||||||||||||||||||||||||
general and administrative | 17,519,000 | 12,222,000 | 7,209,000 | 6,248,000 | 3,467,000 | ||||||||||||||||||||||||||||
revaluation of contingent royalty obligation payable to evolus founders, a related party | 4,913,000 | 2,850,000 | 2,300,000 | 8,200,000 | |||||||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||||||||
loss before taxes | -12,418,000 | -11,811,000 | -16,421,000 | -6,152,000 | |||||||||||||||||||||||||||||
net loss and comprehensive loss | -12,442,000 | -11,830,000 | -16,433,000 | -6,162,000 | |||||||||||||||||||||||||||||
revaluation of contingent royalty obligation payable to related party | 900,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 53,826,000 | 43,523,000 | 61,738,000 | 67,894,000 | 86,952,000 | 85,035,000 | 93,671,000 | 96,958,000 | 62,838,000 | 38,685,000 | 41,705,000 | 31,463,000 | 53,922,000 | 65,572,000 | 84,484,000 | 106,671,000 | 146,256,000 | 107,796,000 | 131,737,000 | 22,171,000 | 102,562,000 | 85,127,000 | 29,772,000 | 34,652,000 | 109,892,000 | 39,116,000 | 30,289,000 | 54,367,000 | 49,570,000 | ||||
accounts receivable | 54,697,000 | 50,435,000 | 47,709,000 | 47,454,000 | 47,682,000 | 44,642,000 | 43,149,000 | 34,240,000 | 30,529,000 | 30,464,000 | 28,996,000 | 23,455,000 | 22,448,000 | 20,920,000 | 21,026,000 | 16,800,000 | 14,657,000 | 13,289,000 | 11,864,000 | 7,816,000 | 9,680,000 | 11,399,000 | 8,649,000 | 10,406,000 | 10,661,000 | 7,206,000 | 1,410,000 | ||||||
inventories | 26,963,000 | 32,871,000 | 26,457,000 | 10,026,000 | 12,158,000 | 14,892,000 | 13,381,000 | 11,547,000 | 10,998,000 | 17,626,000 | 19,859,000 | 23,418,000 | 18,852,000 | 21,565,000 | 12,289,000 | 3,615,000 | 1,762,000 | 3,816,000 | 3,337,000 | 2,775,000 | 3,354,000 | 4,871,000 | 10,343,000 | 12,542,000 | 6,407,000 | 10,043,000 | 11,522,000 | 2,578,000 | |||||
prepaid expenses | 3,757,000 | 4,604,000 | 4,792,000 | 3,452,000 | 3,349,000 | 3,399,000 | 5,507,000 | 5,678,000 | 5,700,000 | 3,655,000 | 4,297,000 | 4,159,000 | 3,902,000 | 3,656,000 | 4,724,000 | 4,533,000 | 5,082,000 | 4,484,000 | 5,737,000 | 5,464,000 | |||||||||||||
other current assets | 3,674,000 | 3,456,000 | 4,274,000 | 2,892,000 | 1,201,000 | 2,393,000 | 2,426,000 | 1,842,000 | 2,356,000 | 1,569,000 | 1,603,000 | 1,590,000 | 1,678,000 | 4,233,000 | 11,424,000 | 11,309,000 | 11,042,000 | 8,959,000 | 9,215,000 | 6,728,000 | |||||||||||||
total current assets | 142,917,000 | 134,889,000 | 144,970,000 | 131,718,000 | 151,342,000 | 150,361,000 | 158,134,000 | 150,265,000 | 112,421,000 | 91,999,000 | 96,460,000 | 84,085,000 | 100,802,000 | 115,946,000 | 133,947,000 | 142,928,000 | 178,799,000 | 138,344,000 | 161,890,000 | 77,717,000 | 127,612,000 | 132,400,000 | 107,998,000 | 126,142,000 | 152,197,000 | 95,184,000 | 115,826,000 | 139,084,000 | 94,339,000 | 106,092,000 | 44,623,000 | 50,111,000 | 72,824,000 |
property and equipment | 5,371,000 | 5,131,000 | 3,653,000 | 3,254,000 | 3,222,000 | 2,314,000 | 2,284,000 | 2,088,000 | 2,087,000 | 2,130,000 | 2,353,000 | 2,595,000 | 2,616,000 | 1,882,000 | 1,455,000 | 1,303,000 | 1,371,000 | 1,058,000 | 1,137,000 | 1,217,000 | 1,297,000 | 1,362,000 | 1,422,000 | 1,433,000 | 902,000 | 984,000 | 290,000 | 1,000 | 5,000 | ||||
operating lease right-of-use assets | 7,133,000 | 7,468,000 | 7,827,000 | 6,922,000 | 7,185,000 | 8,280,000 | 5,462,000 | 5,615,000 | 5,763,000 | 5,907,000 | 1,523,000 | 1,738,000 | 1,947,000 | 2,149,000 | 2,346,000 | 2,537,000 | 2,722,000 | 2,902,000 | 3,078,000 | 3,248,000 | 3,414,000 | 3,578,000 | 3,738,000 | 3,899,000 | 4,068,000 | 4,238,000 | 5,040,000 | 810,000 | |||||
intangible assets | 48,040,000 | 48,719,000 | 49,347,000 | 49,359,000 | 48,754,000 | 46,587,000 | 46,275,000 | 46,591,000 | 47,110,000 | 46,505,000 | 47,216,000 | 47,927,000 | 48,597,000 | 49,108,000 | 49,415,000 | 50,032,000 | 50,625,000 | 51,468,000 | 52,310,000 | 53,568,000 | 55,297,000 | 56,791,000 | 58,023,000 | 59,174,000 | 59,638,000 | 59,857,000 | 59,211,000 | 58,782,000 | |||||
goodwill | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 | 21,208,000 |
other assets | 1,199,000 | 1,582,000 | 1,798,000 | 900,000 | 858,000 | 858,000 | 409,000 | 409,000 | 409,000 | 222,000 | 223,000 | 2,682,000 | 2,813,000 | 2,426,000 | 2,548,000 | 2,654,000 | 2,758,000 | 240,000 | 240,000 | 240,000 | 240,000 | 440,000 | 2,155,000 | 2,295,000 | 2,429,000 | 1,195,000 | 1,206,000 | 1,045,000 | 221,000 | 22,000 | 2,125,000 | ||
total assets | 225,868,000 | 218,997,000 | 228,803,000 | 213,361,000 | 232,569,000 | 229,608,000 | 233,772,000 | 226,176,000 | 188,998,000 | 167,971,000 | 168,983,000 | 160,235,000 | 177,983,000 | 192,719,000 | 210,919,000 | 220,662,000 | 257,483,000 | 215,220,000 | 239,863,000 | 157,198,000 | 209,068,000 | 215,779,000 | 194,544,000 | 214,151,000 | 240,442,000 | 182,666,000 | 202,781,000 | 220,929,000 | 171,844,000 | 183,377,000 | 121,934,000 | 127,395,000 | 152,233,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||
accounts payable | 23,360,000 | 22,958,000 | 23,312,000 | 16,176,000 | 9,236,000 | 13,836,000 | 10,281,000 | 11,216,000 | 4,271,000 | 11,760,000 | 7,835,000 | 10,185,000 | 8,935,000 | 8,564,000 | 10,486,000 | 7,565,000 | 6,091,000 | 7,365,000 | 8,059,000 | 13,253,000 | 9,615,000 | 2,957,000 | 10,952,000 | 10,699,000 | 5,796,000 | 6,125,000 | 1,863,000 | 1,558,000 | 661,000 | 751,000 | 547,000 | 445,000 | |
accrued expenses | 35,591,000 | 30,462,000 | 27,949,000 | 26,619,000 | 40,791,000 | 34,949,000 | 32,790,000 | 25,054,000 | 33,813,000 | 26,713,000 | 24,184,000 | 22,109,000 | 24,794,000 | 29,883,000 | 28,537,000 | 21,139,000 | 29,993,000 | 23,436,000 | 24,357,000 | 12,567,000 | 9,102,000 | 6,425,000 | 6,094,000 | 9,403,000 | 13,960,000 | 14,378,000 | 6,735,000 | 3,718,000 | 4,799,000 | 2,933,000 | 2,352,000 | 977,000 | |
current portion of operating lease liabilities | 2,529,000 | 2,476,000 | 2,392,000 | 1,031,000 | |||||||||||||||||||||||||||||
current portion of contingent royalty obligation payable to evolus founders | 12,523,000 | 10,815,000 | 10,097,000 | ||||||||||||||||||||||||||||||
current portion of contingent milestone payment | 1,302,000 | ||||||||||||||||||||||||||||||||
total current liabilities | 75,305,000 | 66,711,000 | 63,750,000 | 56,233,000 | 62,960,000 | 60,815,000 | 54,118,000 | 46,801,000 | 48,291,000 | 48,540,000 | 41,349,000 | 40,678,000 | 46,509,000 | 51,271,000 | 51,531,000 | 40,700,000 | 57,663,000 | 71,303,000 | 87,286,000 | 87,648,000 | 180,248,000 | 12,709,000 | 19,462,000 | 22,613,000 | 24,439,000 | 25,974,000 | 23,105,000 | 9,400,000 | 5,276,000 | 5,460,000 | 3,684,000 | 3,629,000 | 212,748,000 |
long-term portion of operating lease liabilities | 6,371,000 | 6,636,000 | 7,039,000 | ||||||||||||||||||||||||||||||
long-term portion of contingent royalty obligation payable to evolus founders | 19,659,000 | 25,878,000 | 28,489,000 | ||||||||||||||||||||||||||||||
long-term portion of term loan, net of discount and issuance costs | 146,096,000 | 145,780,000 | 145,475,000 | ||||||||||||||||||||||||||||||
long-term portion of contingent milestone payment | 1,515,000 | ||||||||||||||||||||||||||||||||
deferred tax liability | 28,000 | 21,000 | 2,000 | 6,000 | 29,000 | 29,000 | 32,000 | 27,000 | 22,000 | 22,000 | 22,000 | 22,000 | 25,000 | 29,000 | 23,000 | 40,000 | 25,000 | 25,000 | 25,000 | 25,000 | 179,000 | 190,000 | 256,000 | 156,000 | 305,000 | 533,000 | 15,055,000 | 15,031,000 | 15,013,000 | 15,000,000 | 14,990,000 | ||
total liabilities | 248,974,000 | 247,757,000 | 247,455,000 | 219,965,000 | 227,047,000 | 223,718,000 | 214,458,000 | 207,733,000 | 209,687,000 | 187,339,000 | 175,946,000 | 153,286,000 | 159,484,000 | 163,499,000 | 164,058,000 | 153,414,000 | 175,607,000 | 117,816,000 | 133,725,000 | 133,909,000 | 282,026,000 | 180,684,000 | 150,941,000 | 151,545,000 | 160,985,000 | 165,623,000 | 161,600,000 | 145,572,000 | 87,460,000 | 88,411,000 | 83,999,000 | 75,413,000 | 227,776,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||
common stock, 0.00001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
additional paid-in capital | 638,089,000 | 632,546,000 | 627,379,000 | 622,525,000 | 615,825,000 | 609,186,000 | 603,352,000 | 591,087,000 | 538,716,000 | 528,385,000 | 523,729,000 | 519,449,000 | 516,129,000 | 513,717,000 | 510,879,000 | 507,733,000 | 504,757,000 | 502,108,000 | 491,409,000 | 392,959,000 | 303,113,000 | 300,469,000 | 297,502,000 | 295,174,000 | 292,509,000 | 215,574,000 | 212,704,000 | 209,365,000 | 207,408,000 | 205,548,000 | 136,687,000 | 134,301,000 | |
accumulated other comprehensive loss | -156,000 | -137,000 | -599,000 | -839,000 | -905,000 | -689,000 | -601,000 | -557,000 | -427,000 | -606,000 | -468,000 | -416,000 | -337,000 | -368,000 | -165,000 | -103,000 | -9,000 | ||||||||||||||||
accumulated deficit | -661,040,000 | -661,170,000 | -645,433,000 | -628,291,000 | -609,399,000 | -602,608,000 | -583,438,000 | -572,088,000 | -558,979,000 | -547,148,000 | -530,225,000 | -512,085,000 | -497,294,000 | -484,130,000 | -463,854,000 | -440,383,000 | -422,882,000 | -404,705,000 | -385,272,000 | -369,671,000 | -376,072,000 | -265,378,000 | -253,919,000 | -232,794,000 | -213,059,000 | -198,551,000 | -171,567,000 | -134,000,000 | -123,025,000 | -110,583,000 | -98,753,000 | -82,320,000 | -75,543,000 |
total stockholders’ equity | -23,106,000 | -28,760,000 | -18,652,000 | -6,604,000 | 5,522,000 | 5,890,000 | 19,314,000 | 18,443,000 | -20,689,000 | -19,368,000 | -6,963,000 | 6,949,000 | 18,499,000 | 29,220,000 | 46,861,000 | 67,248,000 | 81,876,000 | 97,404,000 | 106,138,000 | 23,289,000 | 35,095,000 | 43,603,000 | 62,606,000 | 79,457,000 | 17,043,000 | 41,181,000 | 75,357,000 | 84,384,000 | 94,966,000 | 37,935,000 | 51,982,000 | ||
total liabilities and stockholders’ equity | 225,868,000 | 218,997,000 | 228,803,000 | 213,361,000 | 232,569,000 | 229,608,000 | 233,772,000 | 226,176,000 | 188,998,000 | 167,971,000 | 168,983,000 | 160,235,000 | 177,983,000 | 192,719,000 | 210,919,000 | 220,662,000 | 257,483,000 | 215,220,000 | 239,863,000 | 157,198,000 | 215,779,000 | 194,544,000 | 214,151,000 | 240,442,000 | 182,666,000 | 202,781,000 | 220,929,000 | 171,844,000 | 183,377,000 | 121,934,000 | 127,395,000 | ||
contingent milestone payment | 2,752,000 | 2,681,000 | 2,416,000 | 2,270,000 | |||||||||||||||||||||||||||||
operating lease liabilities | 1,967,000 | 1,718,000 | 1,601,000 | 1,041,000 | 1,152,000 | 1,377,000 | 1,363,000 | 1,349,000 | 1,334,000 | 1,320,000 | 1,307,000 | 1,293,000 | 1,279,000 | 1,265,000 | 1,252,000 | 1,239,000 | 1,226,000 | 1,212,000 | 1,197,000 | 1,182,000 | 1,195,000 | 1,200,000 | 1,148,000 | 4,147,000 | 802,000 | ||||||||
contingent royalty obligation payable to evolus founders | 11,471,000 | 11,215,000 | 10,429,000 | 10,006,000 | 9,379,000 | 8,830,000 | 8,704,000 | 7,981,000 | 7,050,000 | 6,460,000 | 6,517,000 | 6,215,000 | 5,717,000 | 5,314,000 | 4,300,000 | 3,983,000 | 3,985,000 | 3,446,000 | 2,130,000 | 1,234,000 | 1,316,000 | 3,483,000 | 4,323,000 | 43,773,000 | |||||||||
term loan, net of discount and issuance costs | 121,807,000 | 121,506,000 | 121,208,000 | 120,918,000 | 120,636,000 | 120,359,000 | 95,094,000 | 94,829,000 | 72,046,000 | 71,879,000 | 71,712,000 | 71,545,000 | 71,381,000 | 74,384,000 | |||||||||||||||||||
accrued litigation settlement | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 15,000,000 | 15,000,000 | 30,000,000 | 30,000,000 | |||||||||||||||||||||||||
short-term investments | 5,000,000 | 24,996,000 | 54,982,000 | 64,987,000 | 19,911,000 | 34,913,000 | 69,640,000 | 79,313,000 | |||||||||||||||||||||||||
promissory note payable to evolus founders | 19,950,000 | 19,648,000 | 19,354,000 | ||||||||||||||||||||||||||||||
convertible note | 40,506,000 | 40,203,000 | |||||||||||||||||||||||||||||||
term loan, net of discounts and issuance costs | 73,974,000 | ||||||||||||||||||||||||||||||||
consideration receivable from daewoong | 25,500,000 | ||||||||||||||||||||||||||||||||
withholding tax receivable | 7,263,000 | ||||||||||||||||||||||||||||||||
withholding tax payable | 7,263,000 | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 7,016,000 | 6,007,000 | 4,252,000 | 3,555,000 | 5,326,000 | 3,906,000 | 2,965,000 | 2,826,000 | 1,177,000 | 924,000 | 1,038,000 | 541,000 | 185,000 | ||||||||||||||||||||
liabilities and stockholders’ (deficit) equity | |||||||||||||||||||||||||||||||||
accrued litigation settlement expenses | 63,421,000 | ||||||||||||||||||||||||||||||||
contingent promissory note payable to evolus founders | 19,068,000 | 18,779,000 | 18,495,000 | 18,218,000 | 17,945,000 | 17,674,000 | 17,408,000 | ||||||||||||||||||||||||||
stockholders’ (deficit) equity | |||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | 3,000 | 19,000 | 225,000 | 6,000 | 19,000 | 43,000 | |||||||||||||||||||||||||||
total stockholders’ (deficit) equity | -72,958,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders’ (deficit) equity | 209,068,000 | ||||||||||||||||||||||||||||||||
long-term debt | 74,165,000 | 73,841,000 | 73,508,000 | 73,180,000 | 72,862,000 | 72,557,000 | |||||||||||||||||||||||||||
deferred rent | 25,000 | 29,000 | 32,000 | 35,000 | 38,000 | ||||||||||||||||||||||||||||
accounts payable and accrued expenses | 22,074,000 | ||||||||||||||||||||||||||||||||
contingent royalty obligation payable to evolus founders, a related party | 45,900,000 | 50,200,000 | 51,100,000 | 48,800,000 | |||||||||||||||||||||||||||||
contingent promissory note payable to evolus founders, a related party | 17,153,000 | 16,904,000 | 16,791,000 | 16,470,000 | |||||||||||||||||||||||||||||
cash | 93,162,000 | 105,168,000 | 43,585,000 | ||||||||||||||||||||||||||||||
related party receivable | 72,639,000 | ||||||||||||||||||||||||||||||||
intangible asset | 56,076,000 | 56,076,000 | 56,076,000 | 56,076,000 | 56,076,000 | ||||||||||||||||||||||||||||
related party borrowings | 72,639,000 | ||||||||||||||||||||||||||||||||
note obligation | 138,687,000 | ||||||||||||||||||||||||||||||||
convertible series a preferred, 0.00001 par value... | |||||||||||||||||||||||||||||||||
related party accounts payable | 730,000 | ||||||||||||||||||||||||||||||||
contingent royalty obligation payable to related party | 40,600,000 | ||||||||||||||||||||||||||||||||
contingent promissory note payable to related party | 16,149,000 | ||||||||||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||||||||
liabilities and stockholder’s deficit | |||||||||||||||||||||||||||||||||
stockholder’s deficit | |||||||||||||||||||||||||||||||||
total stockholder’s deficit | -75,543,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholder’s deficit | 152,233,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||
net loss | 130,000 | -15,737,000 | -17,142,000 | -18,892,000 | -6,791,000 | -19,170,000 | -11,350,000 | -13,109,000 | -11,831,000 | -16,923,000 | -18,140,000 | -14,791,000 | -13,164,000 | -20,276,000 | -18,177,000 | -19,433,000 | -110,694,000 | -11,459,000 | -21,125,000 | -19,735,000 | -14,508,000 | -26,984,000 | -37,567,000 | -10,975,000 | -12,442,000 | -11,830,000 | ||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||
depreciation and amortization | 2,254,000 | 1,951,000 | 1,738,000 | 1,563,000 | 1,374,000 | 1,087,000 | 1,427,000 | 1,409,000 | 1,373,000 | 1,311,000 | 1,247,000 | 1,202,000 | 1,027,000 | 920,000 | 853,000 | 922,000 | 920,000 | 923,000 | 1,746,000 | 2,033,000 | 1,876,000 | 1,744,000 | 1,658,000 | 1,749,000 | 1,468,000 | 1,202,000 | 978,000 | 484,000 | 2,000 | 3,000 | ||
stock-based compensation | 5,147,000 | 5,135,000 | 4,488,000 | 5,928,000 | 6,171,000 | 5,220,000 | 5,784,000 | 5,079,000 | 4,397,000 | 4,596,000 | 4,171,000 | 3,294,000 | 2,412,000 | 2,483,000 | 2,979,000 | 2,959,000 | 2,649,000 | 2,476,000 | 2,861,000 | 1,590,000 | 2,630,000 | 2,952,000 | 2,374,000 | 2,628,000 | 2,537,000 | 2,526,000 | 2,457,000 | 1,998,000 | 1,860,000 | 1,481,000 | 2,624,000 | 1,006,000 |
provision for credit losses and inventory | ||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 335,000 | 330,000 | 309,000 | 263,000 | 238,000 | 184,000 | 153,000 | 148,000 | 144,000 | 166,000 | 215,000 | 209,000 | 202,000 | 197,000 | 191,000 | 185,000 | 180,000 | 176,000 | 170,000 | 166,000 | 164,000 | 160,000 | 161,000 | 169,000 | 171,000 | 179,000 | 304,000 | 219,000 | ||||
amortization of debt discount and issuance costs | 343,000 | 336,000 | 309,000 | 301,000 | 298,000 | 290,000 | 282,000 | 277,000 | 273,000 | 266,000 | 279,000 | 298,000 | 281,000 | 272,000 | 270,000 | 263,000 | 59,000 | 302,000 | 294,000 | 286,000 | 698,000 | 703,000 | 643,000 | 647,000 | 643,000 | 624,000 | 608,000 | 281,000 | ||||
deferred income taxes | 27,000 | -21,000 | 20,000 | -5,000 | -23,000 | 0 | -3,000 | 5,000 | -3,000 | -4,000 | 6,000 | -17,000 | -154,000 | -11,000 | -66,000 | 256,000 | -156,000 | -149,000 | -227,000 | -14,523,000 | ||||||||||||
revaluation of contingent royalty obligation payable to evolus founders | -4,511,000 | -107,000 | -3,914,000 | 2,151,000 | 2,428,000 | 1,605,000 | 1,578,000 | 1,802,000 | 1,682,000 | 1,648,000 | 1,216,000 | 1,414,000 | 1,316,000 | 1,400,000 | 1,381,000 | 1,268,000 | -2,471,000 | 2,433,000 | -9,884,000 | 1,795,000 | ||||||||||||
non-cash in-process research and development expense | ||||||||||||||||||||||||||||||||
other adjustments to operating activities | 236,000 | 251,000 | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||
inventories | 4,659,000 | -11,492,000 | -8,341,000 | 4,050,000 | 979,000 | -1,476,000 | -1,560,000 | 5,309,000 | 4,847,000 | 4,956,000 | 848,000 | -6,458,000 | 4,595,000 | -2,658,000 | -7,054,000 | -5,571,000 | 4,182,000 | -7,181,000 | -3,129,000 | 3,149,000 | 3,006,000 | 1,266,000 | 2,199,000 | -1,929,000 | 1,743,000 | 5,297,000 | -8,944,000 | -2,578,000 | ||||
accounts receivable | -4,792,000 | -4,936,000 | -958,000 | -823,000 | -3,829,000 | -2,383,000 | -9,491,000 | -3,899,000 | -151,000 | -2,480,000 | -5,610,000 | -1,280,000 | -1,763,000 | -518,000 | -4,500,000 | -2,608,000 | -1,456,000 | -1,613,000 | -3,751,000 | 1,254,000 | 2,092,000 | -2,582,000 | 1,757,000 | -2,352,000 | -3,842,000 | -5,796,000 | ||||||
prepaid expenses | 900,000 | 188,000 | -1,340,000 | -103,000 | 50,000 | 2,108,000 | 171,000 | 22,000 | -2,045,000 | 642,000 | -138,000 | -257,000 | -246,000 | 3,750,000 | -2,873,000 | 549,000 | 1,253,000 | -273,000 | -636,000 | |||||||||||||
accounts payable | 2,046,000 | 4,112,000 | -777,000 | 4,722,000 | -2,889,000 | 3,526,000 | -1,155,000 | 909,000 | -5,806,000 | 1,364,000 | 283,000 | 3,142,000 | -1,370,000 | -2,056,000 | 2,923,000 | 1,471,000 | 1,525,000 | -763,000 | 259,000 | -1,808,000 | 5,165,000 | 332,000 | -553,000 | 305,000 | 897,000 | -93,000 | 266,000 | 205,000 | ||||
accrued expenses | 3,954,000 | 2,517,000 | 1,337,000 | -14,172,000 | 5,877,000 | 2,160,000 | 7,851,000 | -8,874,000 | 7,100,000 | 2,529,000 | 2,075,000 | -2,685,000 | -5,089,000 | 1,346,000 | 7,398,000 | -8,854,000 | 6,557,000 | -922,000 | 11,791,000 | 3,465,000 | 2,678,000 | -3,949,000 | -4,742,000 | 2,667,000 | -1,092,000 | 1,890,000 | 574,000 | 1,361,000 | ||||
accrued litigation settlement | 0 | 0 | 0 | -5,000,000 | 0 | 0 | 0 | -15,000,000 | 0 | |||||||||||||||||||||||
operating lease liabilities | -212,000 | -290,000 | -177,000 | -79,000 | -194,000 | -169,000 | -182,000 | -171,000 | -159,000 | -198,000 | -280,000 | -270,000 | -254,000 | -248,000 | -243,000 | -232,000 | -219,000 | -213,000 | -209,000 | -197,000 | -178,000 | -174,000 | -201,000 | -181,000 | -123,000 | -122,000 | -187,000 | -222,000 | ||||
other operating assets | -240,000 | 884,000 | ||||||||||||||||||||||||||||||
net cash from operating activities | 12,827,000 | -14,669,000 | -24,791,000 | -15,632,000 | 4,808,000 | -5,722,000 | -6,470,000 | -10,615,000 | 813,000 | -924,000 | -13,310,000 | -20,587,000 | -8,774,000 | -17,051,000 | -20,888,000 | -38,199,000 | -9,044,000 | -32,125,000 | 16,116,000 | -8,335,000 | -2,266,000 | -13,713,000 | -13,945,000 | -27,947,000 | -15,922,000 | -25,103,000 | -33,158,000 | -19,200,000 | -12,006,000 | -5,797,000 | -5,663,000 | -2,201,000 |
capital expenditures | -1,479,000 | -955,000 | -688,000 | -319,000 | -438,000 | -313,000 | -465,000 | -256,000 | -209,000 | -29,000 | -8,000 | -227,000 | -866,000 | -509,000 | -231,000 | -12,000 | 0 | 0 | 0 | -17,000 | -121,000 | -112,000 | -565,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
free cash flows | 11,348,000 | -15,624,000 | -25,479,000 | -15,951,000 | 4,370,000 | -6,035,000 | -6,935,000 | -10,871,000 | 604,000 | -953,000 | -13,318,000 | -20,814,000 | -9,640,000 | -17,560,000 | -21,119,000 | -38,211,000 | -9,044,000 | -32,125,000 | 16,116,000 | -2,283,000 | -13,834,000 | -14,057,000 | -28,512,000 | -15,921,000 | -25,103,000 | -33,158,000 | -19,200,000 | -12,006,000 | -5,797,000 | -5,663,000 | -2,201,000 | |
cash flows from investing activities | ||||||||||||||||||||||||||||||||
purchases of property and equipment | -1,479,000 | -955,000 | -688,000 | -319,000 | -438,000 | -313,000 | -465,000 | -256,000 | -209,000 | -29,000 | -8,000 | -227,000 | -866,000 | -509,000 | -231,000 | -12,000 | -17,000 | -121,000 | -112,000 | -565,000 | 1,000 | 0 | 0 | 0 | ||||||||
additions to capitalized software | -687,000 | -1,203,000 | -1,579,000 | -1,542,000 | -924,000 | -1,097,000 | -789,000 | -541,000 | -152,000 | -510,000 | -208,000 | -284,000 | -525,000 | -390,000 | -157,000 | -249,000 | 3,000 | 21,000 | -386,000 | -215,000 | -282,000 | -578,000 | -528,000 | -935,000 | -1,142,000 | -639,000 | -1,618,000 | -823,000 | ||||
net cash from investing activities | -2,166,000 | -2,158,000 | -2,267,000 | -1,861,000 | -1,362,000 | -1,410,000 | -1,254,000 | -797,000 | -361,000 | -539,000 | -216,000 | -511,000 | -1,391,000 | -899,000 | -388,000 | -261,000 | -390,000 | 21,000 | -386,000 | 4,785,000 | 19,701,000 | 29,301,000 | 9,380,000 | -46,188,000 | 13,974,000 | 34,390,000 | 8,227,000 | -80,025,000 | 0 | 0 | ||
cash flows from financing activities | ||||||||||||||||||||||||||||||||
payment of contingent royalty obligation to evolus founders | 0 | -1,786,000 | -2,051,000 | -2,365,000 | -1,829,000 | -2,005,000 | -1,778,000 | -1,829,000 | -1,499,000 | -1,479,000 | -1,251,000 | -1,308,000 | -1,016,000 | -1,114,000 | -1,016,000 | -1,039,000 | -802,000 | -783,000 | -983,000 | -529,000 | 0 | -233,000 | -315,000 | -583,000 | -395,000 | -69,000 | ||||||
proceeds from issuance and modification of debt instruments | 0 | 0 | ||||||||||||||||||||||||||||||
payments for debt modification fees and debt issuance costs | ||||||||||||||||||||||||||||||||
proceeds from follow-on offering | ||||||||||||||||||||||||||||||||
payments for offering costs | 0 | 0 | 0 | 0 | 0 | -300,000 | -74,000 | -686,000 | ||||||||||||||||||||||||
issuance of common stock in connection with incentive equity plan | 81,000 | 18,000 | 323,000 | 742,000 | 589,000 | 2,300,000 | 487,000 | 29,000 | 60,000 | 109,000 | 26,000 | 0 | 355,000 | 167,000 | 17,000 | 1,000 | -1,000 | 644,000 | 11,000 | 1,346,000 | 314,000 | |||||||||||
payment of finance lease obligations | ||||||||||||||||||||||||||||||||
tax withholding paid on behalf of employees for net share settlement | ||||||||||||||||||||||||||||||||
net cash from financing activities | 77,000 | -1,772,000 | 20,663,000 | -1,631,000 | -1,313,000 | -1,416,000 | 4,481,000 | 45,662,000 | 23,522,000 | -1,419,000 | 23,820,000 | -1,282,000 | -1,516,000 | -759,000 | -849,000 | -1,022,000 | 47,894,000 | 8,163,000 | 93,836,000 | -76,841,000 | 0 | 39,767,000 | -315,000 | -1,105,000 | 72,724,000 | -460,000 | 853,000 | 60,430,000 | 0 | 67,380,000 | -313,000 | 51,771,000 |
effect of exchange rates on cash and cash equivalents | -435,000 | 384,000 | ||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 10,303,000 | -18,215,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 86,952,000 | 0 | 0 | 0 | 62,838,000 | 0 | 0 | 0 | 53,922,000 | 0 | 0 | 0 | 146,256,000 | 0 | 0 | 0 | 102,562,000 | 0 | 0 | 0 | 109,892,000 | 0 | 0 | 0 | 93,162,000 | ||||
cash and cash equivalents, end of period | 10,303,000 | -18,215,000 | -6,156,000 | 67,894,000 | 1,917,000 | -8,636,000 | -3,287,000 | 96,958,000 | 24,153,000 | -3,020,000 | 10,242,000 | 31,463,000 | -11,650,000 | -18,912,000 | -22,187,000 | 106,671,000 | 38,460,000 | -23,941,000 | 109,566,000 | 22,171,000 | 17,435,000 | 55,355,000 | -4,880,000 | 34,652,000 | 70,776,000 | 8,827,000 | -24,078,000 | 54,367,000 | ||||
provision for bad debts | 2,210,000 | 703,000 | 1,051,000 | 790,000 | 889,000 | 582,000 | 188,000 | 86,000 | 1,012,000 | 69,000 | 273,000 | 235,000 | 624,000 | 274,000 | 465,000 | 88,000 | 188,000 | -297,000 | 610,000 | -373,000 | -168,000 | 0 | 2,607,000 | |||||||||
payments for debt modification fees and costs | 0 | |||||||||||||||||||||||||||||||
payment of financing lease obligation | -4,000 | |||||||||||||||||||||||||||||||
other | 146,000 | |||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||
other assets | -1,733,000 | 1,192,000 | -416,000 | -584,000 | 514,000 | -974,000 | 33,000 | -11,000 | 88,000 | -2,099,000 | 945,000 | 3,454,000 | -4,626,000 | -1,657,000 | 201,000 | 1,105,000 | 98,000 | 93,000 | ||||||||||||||
proceeds from follow-on offering, net of underwriters fees | 0 | 4,207,000 | 47,004,000 | 0 | ||||||||||||||||||||||||||||
tax withholding paid on behalf of employees for stock-based awards | -8,000 | -58,000 | ||||||||||||||||||||||||||||||
effect of exchange rates on cash | 66,000 | -88,000 | -44,000 | -130,000 | 179,000 | -138,000 | -52,000 | -79,000 | 31,000 | -203,000 | -62,000 | -103,000 | ||||||||||||||||||||
change in cash and cash equivalents | -19,058,000 | 1,917,000 | -8,636,000 | -3,287,000 | 34,120,000 | 24,153,000 | -3,020,000 | 10,242,000 | -22,459,000 | -11,650,000 | -18,912,000 | -22,187,000 | -39,585,000 | 38,460,000 | -23,941,000 | 109,566,000 | -80,391,000 | 17,435,000 | 55,355,000 | -4,880,000 | -75,240,000 | 70,776,000 | 8,827,000 | -24,078,000 | -38,795,000 | |||||||
revaluation of contingent royalty obligation to evolus founders | ||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discounts | 25,000,000 | 0 | 0 | 0 | 0 | 73,906,000 | ||||||||||||||||||||||||||
payments for debt issuance costs | -8,000 | 0 | 0 | 0 | 0 | -2,205,000 | ||||||||||||||||||||||||||
proceeds from follow-on offering, net of underwriting fees | ||||||||||||||||||||||||||||||||
cash proceeds from exercise of stock options | ||||||||||||||||||||||||||||||||
amortization of discount on short-term investments | -7,000 | -30,000 | -221,000 | -169,000 | -466,000 | -120,000 | ||||||||||||||||||||||||||
loss from extinguishment of debts | 0 | 0 | 0 | 968,000 | ||||||||||||||||||||||||||||
other current assets | ||||||||||||||||||||||||||||||||
maturities of short-term investments | 0 | 0 | 0 | 5,000,000 | 20,000,000 | 30,000,000 | 35,000,000 | 5,000,000 | 30,000,000 | 40,000,000 | ||||||||||||||||||||||
repayment of long term debt | 0 | 0 | 0 | -76,323,000 | ||||||||||||||||||||||||||||
repayment of promissory note payable to evolus founders | ||||||||||||||||||||||||||||||||
proceeds from atm sales of shares | 0 | 8,947,000 | ||||||||||||||||||||||||||||||
paid-in-kind interest on convertible note | -1,000 | 0 | 273,000 | 303,000 | ||||||||||||||||||||||||||||
net income | -17,501,000 | 6,401,000 | -6,162,000 | |||||||||||||||||||||||||||||
consideration receivable from daewoong | -25,500,000 | |||||||||||||||||||||||||||||||
non-cash portion of accrued settlement expenses | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -1,009,000 | -1,755,000 | -697,000 | 1,771,000 | -468,000 | 591,000 | -348,000 | -1,649,000 | -253,000 | 115,000 | -498,000 | -356,000 | ||||||||||||||||||||
purchases of short-term investments | 0 | 0 | -24,980,000 | -49,688,000 | -14,885,000 | -4,971,000 | -14,809,000 | -79,202,000 | ||||||||||||||||||||||||
proceeds from issuance of convertible note | 0 | |||||||||||||||||||||||||||||||
payment for debt obligation | 0 | 0 | 0 | -522,000 | -339,000 | |||||||||||||||||||||||||||
accrued settlement expenses | ||||||||||||||||||||||||||||||||
milestone payment for intangible assets | -1,000,000 | 0 | 0 | -2,000,000 | ||||||||||||||||||||||||||||
proceeds from issuance of term loan, net of discounts | ||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||
provisions for rebate and coupon programs | 5,654,000 | |||||||||||||||||||||||||||||||
deferred rent | -5,000 | -3,000 | -3,000 | -2,000 | ||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting fees | ||||||||||||||||||||||||||||||||
related party borrowings | 0 | 0 | 0 | 1,127,000 | ||||||||||||||||||||||||||||
payments on related party borrowings | 0 | 0 | 0 | -5,000,000 | ||||||||||||||||||||||||||||
accretion of discount on short-term investments | ||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriters fees | 0 | 0 | 56,330,000 | |||||||||||||||||||||||||||||
revaluation of contingent royalty obligation payable to evolus founders, a related party | 4,913,000 | 2,300,000 | ||||||||||||||||||||||||||||||
related party accounts payable | 730,000 | |||||||||||||||||||||||||||||||
payment of contingent royalty obligation to evolus founders, a related party | -9,213,000 | |||||||||||||||||||||||||||||||
interest expense | 114,000 | 321,000 | 321,000 | 107,000 | ||||||||||||||||||||||||||||
tax benefit from therapeutic option right | ||||||||||||||||||||||||||||||||
revaluation of contingent royalty obligation to evolus founders, a related party | ||||||||||||||||||||||||||||||||
change in cash and restricted cash | -12,006,000 | 61,583,000 | ||||||||||||||||||||||||||||||
cash and restricted cash, beginning of period | ||||||||||||||||||||||||||||||||
cash, end of period | -12,006,000 | 61,583,000 | ||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||
noncash financing activities: | ||||||||||||||||||||||||||||||||
related party receivable | 0 | 0 | 0 | 73,690,000 | ||||||||||||||||||||||||||||
note obligation | 0 | 0 | 0 | -140,688,000 | ||||||||||||||||||||||||||||
contingent royalty obligation payable to evolus founders, a related party | 0 | 0 | ||||||||||||||||||||||||||||||
contingent promissory note payable to evolus founders, a related party | 0 | 0 | ||||||||||||||||||||||||||||||
capital contribution from parent, convertible note write-off | 0 | 0 | 0 | 66,998,000 | ||||||||||||||||||||||||||||
capital distribution to parent | ||||||||||||||||||||||||||||||||
capital contribution from parent, forgiveness of related party borrowings | 0 | 0 | 0 | 13,188,000 | ||||||||||||||||||||||||||||
capital contribution from parent - therapeutic option right, net of tax | ||||||||||||||||||||||||||||||||
deferred offering costs accrued, unpaid | ||||||||||||||||||||||||||||||||
deferred offering costs | 0 | |||||||||||||||||||||||||||||||
accounts payable, paid by parent | 0 | 0 | 0 | -163,000 | ||||||||||||||||||||||||||||
income tax expense | 19,000 | 12,000 | 10,000 | |||||||||||||||||||||||||||||
minimum tax withholding paid on behalf of employees for share-based awards | 0 | |||||||||||||||||||||||||||||||
cash and restricted cash, beginning | ||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||
capital distribution from parent | ||||||||||||||||||||||||||||||||
deferred ipo costs | 0 | -2,885,000 | ||||||||||||||||||||||||||||||
deferred offering costs, unpaid | 52,000 | -74,000 | ||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
revaluation of contingent royalty obligation payable to related party | 900,000 | |||||||||||||||||||||||||||||||
change in cash, cash equivalents, and restricted cash | 49,570,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning | ||||||||||||||||||||||||||||||||
cash and cash equivalents, ending | 49,570,000 | |||||||||||||||||||||||||||||||
contingent royalty obligation payable to related party | 39,700,000 | |||||||||||||||||||||||||||||||
contingent promissory note payable to related party | 16,042,000 | |||||||||||||||||||||||||||||||
• | ||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||
changes in assets and liabilities | ||||||||||||||||||||||||||||||||
release (payment) of restricted cash | ||||||||||||||||||||||||||||||||
deemed distribution | ||||||||||||||||||||||||||||||||
capital contribution - therapeutic option right, net of tax |
