The following is a summary of the Evolus, Inc. (EOLS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Evolus reported a Q1 2024 revenue of $59.3 million, up 42% from the prior year, indicating strong growth.

• Projected revenue for 2024 stands within the range of $255 million and $265 million.

• Operating expenses are growing at a rate lesser than that of their income, showcasing the company's financial discipline.

• By Q4 2024, Evolus expects to achieve profitability.

• The company's gross margin was 68.3%, and the adjusted gross margin was 69.5%.

• The company concluded Q1 2024 with $97 million cash on hand.

Business Progress:

• Over 700 new purchasing accounts were established by Evolus, bringing their total customers to over 13,000.

• Their Consumer Loyalty program recorded roughly 180,000 consumers, with 60% undergoing repeat treatments.

• The company continues to expand internationally, especially in the U.K., Germany, and Italy, with planned launches in Australia and Spain.

• The company plans to launch its dermal filler line in the US and internationally in 2025.

• Evolus has also filed its first two fillers with the FDA.

• The company projects growth mainly driven by volumes indicating stable pricing.

• Evolus aims to achieve profitability by Q4 and a revenue of at least $700 million by 2028.

More details: Evolus IR

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