Evolus Shares Rise on Jump in Revenue

Dow Jones

Jan 21, 2025

By Don Nico Forbes

Shares in Evolus rose after the company reported a jump in revenue for the fourth quarter and full year, topping company guidance.

Shares were up 16% in premarket trading at $12.20.

The pharmaceutical company reported revenue of $79.0 million for the quarter, up 30% compared with the prior-year quarter. For 2024, revenue was $266.3 million, up 32% and meeting company guidance of between $260 million and $266 million.

"The preliminary results for the fourth quarter and full-year 2024 underscore the strength of our operational execution and significant market share gains, driven by deeper penetration of the U.S. neurotoxin market with Jeuveau and international expansion of Nuceiva," said Chief Executive David Moatazedi.

Looking ahead, Evolus said it expects revenue of $345 million to $355 million in 2025, representing growth of 30% to 33% compared with preliminary 2024 results.

The company added that it expects to receive approval from the U.S. Food and Drug Administration for Evolysse Form and Evolysse Smooth Injectable Hyaluronic Acid Gels within the next 90 days.

Write to Don Nico Forbes at don.forbes@wsj.com

(END) Dow Jones Newswires

January 21, 2025 09:12 ET (14:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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