Revance reports Q2 EPS (36c), consensus (53c)

Reports Q2 revenue $65.4M, consensus $66.06M. “In our aesthetics business, we were very pleased to see DAXXIFY’s strategy resonating in the market as evidenced by the increase in both units and sales in Q2’24. To that end, DAXXIFY units sold were up 66% year-on-year and 15% in comparison to Q1’24. In addition, the RHA Collection continued to outpace the competition against the backdrop of a soft filler market. During the quarter, we benefited from the approval and roll out of RHA 3 for lip augmentation and fullness which helped contribute to the 15% year-over-year revenue growth that we generated. Going forward, we remain focused on expanding our DAXXIFY and RHA Collection customer base while also leveraging the bundle and going deeper into existing accounts,” said Mark J. Foley, President and Chief Executive Officer. “With respect to our therapeutics franchise, while we expect near term contributions from our therapeutics franchise to be modest, we are encouraged by our early experience, and continue to have high confidence in the long-term potential for DAXXIFY in treating different therapeutic conditions. In summary, I’m proud of our commercial team’s Q2’24 performance, and reiterate our revenue guidance of at least $280 million in 2024.”