The company said, "Evolus continues to expect its full year adjusted gross profit margin to be between 58% and 61% with a fourth quarter rate of 68% to 71% reflecting the settlement royalty rate decrease in September. The company now expects full-year non-GAAP operating expenses to be in the lower half of its previous guidance range of $135 to $140 million. Non-GAAP operating expenses exclude product cost of sales, revaluation of the contingent royalty obligation expense, IPR&D expense, stock-based compensation expense, and depreciation and amortization."
Published first on TheFly