March 4 (Reuters) - Cosmetic drugmaker Evolus ( EOLS )
reported a fourth-quarter profit versus a year-ago loss on
Tuesday, on strong demand for its wrinkle treatment Jeuveau
which competes with Botox.
WHY IT'S IMPORTANT
The company has been targeting a younger demographic
compared to other companies such as Revance and AbbVie ( ABBV ),
among others, which typically focus on people in their 40s.
In February, the U.S. FDA approved Evolus' ( EOLS ) two new dermal
fillers - Evolysse Form and Evolysse Smooth - which are expected
to contribute 8%-10% to its total revenue for 2025.
KEY QUOTE
"We are prepared to launch Evolysse in the second quarter
and will be making significant investments in medical education
and sampling to support our customers and drive adoption," said
CEO David Moatazedi.
BY THE NUMBERS
Evolus ( EOLS ) reported an adjusted income of $6.7 million in the
fourth quarter, compared with a year-ago loss of $3.7 million.
The company sees 2025 revenue between $345 million and $355
million, compared with Wall Street estimates of $351.3 million
according to data compiled by LSEG.
The company projects its annual net revenue can reach at
least $700 million by 2028.