Evolus Inc. (EOLS) stock plummeted 5.26% in pre-market trading on Wednesday, despite the company reporting strong Q4 and full-year 2024 financial results that exceeded expectations. The selling pressure likely stems from near-term costs associated with launching the company's new hyaluronic acid filler products.
For the fourth quarter, Evolus delivered global net revenue of $79 million, up 30% year-over-year, driven by continued strong growth of its Jeuveau neurotoxin product line. Evolus achieved non-GAAP operating profitability of $6.7 million in Q4, a significant milestone marking its first-ever quarterly profit.
Full-year 2024 revenue grew 32% to $266.3 million, at the high end of the company's guidance range. Evolus also reported full-year non-GAAP operating profitability, one year ahead of its stated goal. Its neurotoxin product captured around 14% market share in the US by the end of 2024.