Overview
Evoke Q3 2025 net product sales rose 61% yr/yr to $4.3 mln
Company to be acquired by QOL Medical for $11.00 per share
Gimoti patent extended to November 2038, ensuring exclusivity
Outlook
Company expects acquisition by QOL Medical to close in Q4 2025
Company anticipates expanded distribution through new pharmacy relationships
Company believes acquisition will enhance growth potential under new leadership
Result Drivers
SALES GROWTH - Net product sales for Q3 2025 increased by 61% yr/yr, driven by expanded pharmacy access and distribution partnerships
EXPANDED ACCESS - New pharmacy relationships with Omnicell and Brentwood Pharmacy enhance distribution
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.45 | ||
Q3 Net Income | -$1.20 mln | ||
Q3 Operating Expenses | $5.40 mln |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the pharmaceuticals peer group is "buy."
Press Release: ID:nGNX80pkz3
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)