Evolus, Inc. (NASDAQ:EOLS) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET

Company Participants

David Erickson - Vice President-Investor Relations

David Moatazedi - President and Chief Executive Officer

Lauren Silvernail - Chief Financial Officer and Executive Vice President, Corporate Development

Conference Call Participants

Marc Goodman - SVB Leerink

Douglas Tsao - H.C. Wainwright

Operator

Greetings, and welcome to the Evolus First Quarter 2022 Earnings Call. At this time, our participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, David Erickson, Vice President of Investor Relations.

David Erickson

Thank you, operator, and welcome to everyone joining us on today's call. With me today are David Moatazedi, President and Chief Executive Officer; and Lauren Silvernail, Chief Financial Officer and Executive Vice President, Corporate Development.

Our prepared remarks today will include forward-looking statements within the meaning of United States securities laws, and management may make additional forward-looking statements in response to your questions. Forward-looking statements are based on management's current assumptions and expectations of future events and trends, which may affect the company's business, strategy, operations or financial performance.

A detailed discussion of the risks and uncertainties that the company faces is contained in its annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

Actual results may differ materially from those expressed in or implied by the forward-looking statements. The company undertakes no obligation to update or review any estimate, projection or forward-looking statement.

Additionally, today's discussion will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A reconciliation of GAAP to non-GAAP results may be found in our earnings release, which was furnished with our Form 8-K filed today with the SEC and on our Investor Relations website at evolus.com. Lastly, following the conclusion of today's call, a replay will be available on our website at evolus.com.

And with that, I'll turn the call over to David.

David Moatazedi

Thank you, David. We are pleased to share with you our results for the first quarter of 2022, which demonstrated continued robust growth, increased market share and disciplined operating expense management.

First quarter sales grew to nearly $34 million, reflecting continued year-over-year share gains. Our lead metrics achieved new all-time highs, while the market continues to reflect a healthy growth rate. The first quarter marked the first full year since our relaunch and we cannot be more pleased with the rapid uptake of Jeuveau across the U.S.