| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||
Net loss | ||||||||||||
-98,794 | -90,034 | -87,968 | -72,809 | -51,642 | -46,867 | -29,977 | -20,786 | -6,682 | -4,480 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||||||
Depreciation and amortization | ||||||||||||
5,397 | 4,132 | 2,666 | 1,467 | 493 | 9 | 7 | 4 | 107 | 218 | 0 | 0 | 0 |
Stock-based compensation | ||||||||||||
10,148 | 9,518 | 8,841 | 7,796 | 7,963 | 6,971 | 5,225 | 3,970 | 1,449 | 586 | 0 | 0 | 0 |
Provision for bad debts | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Amortization of discount on short-term investments | ||||||||||||
1,087 | 1,038 | -912 | -586 | 120 | 0 | 0 | 0 | 0 | - | - | - | - |
Amortization of operating lease right-of-use assets | ||||||||||||
823 | 873 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - |
Amortization of debt discount and issuance costs | ||||||||||||
2,522 | 2,156 | 1,627 | 1,324 | 1,037 | 863 | 0 | 0 | 0 | - | - | - | - |
Interest expense | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||
-276 | -15,055 | -14,875 | -14,707 | -14,468 | 65 | -6,270 | -6,273 | -6,265 | -6,255 | 0 | 0 | 0 |
Revaluation of contingent royalty obligation payable to Evolus Founders | ||||||||||||
-10,637 | 4,160 | 7,077 | 7,582 | 14,513 | 10,500 | 11,400 | 9,100 | 900 | 0 | 0 | 0 | 0 |
Changes in assets and liabilities: | ||||||||||||
Inventories | ||||||||||||
3,833 | 4,482 | 6,225 | 11,522 | 2,578 | 0 | 0 | 0 | 0 | - | - | - | - |
Accounts receivable | ||||||||||||
13,400 | 11,048 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||||||||
-1,546 | 1,874 | 1,659 | 2,135 | 2,285 | 992 | 634 | 925 | 519 | 160 | 0 | 0 | 0 |
Accounts payable | ||||||||||||
0 | - | - | - | 0 | - | - | - | -236 | -2,432 | 0 | 0 | 0 |
Related party accounts payable | ||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | 0 |
Accrued expenses | ||||||||||||
0 | - | - | - | 0 | - | - | - | 1,530 | 303 | 0 | 0 | 0 |
Operating lease liabilities | ||||||||||||
-613 | -654 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - |
Deferred rent | ||||||||||||
- | - | - | - | - | - | - | - | - | -6 | 0 | 0 | 0 |
Other assets | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||
-102,147 | -93,400 | -89,500 | -70,200 | -42,699 | -25,700 | -14,639 | -12,308 | -9,823 | -13,200 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||||||
Purchases of property and equipment | ||||||||||||
910 | 345 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Additions to capitalized software | ||||||||||||
4,334 | 4,222 | 3,080 | 2,441 | 823 | 0 | 0 | 0 | 0 | - | - | - | - |
Purchases of short-term investments | ||||||||||||
84,353 | 113,867 | 98,982 | 94,011 | 79,202 | 0 | 0 | 0 | 0 | - | - | - | - |
Maturities of short-term investments | ||||||||||||
100,000 | 95,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||
10,403 | -23,434 | -37,408 | -71,798 | -80,034 | -9 | 0 | 0 | 0 | - | - | - | - |
Cash flows from financing activities | ||||||||||||
Payment of contingent royalty obligation to Evolus Founders | ||||||||||||
1,047 | 9,677 | 9,282 | 9,213 | 9,213 | 0 | 0 | 0 | 0 | - | - | - | - |
Milestone payment for intangible assets | ||||||||||||
1,000 | 3,000 | 2,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Proceeds from issuance of long-term debt, net of discounts | ||||||||||||
0 | 73,906 | 73,906 | 73,906 | 73,906 | 0 | 0 | 0 | 0 | - | - | - | - |
Payments for debt issuance costs | ||||||||||||
0 | 2,205 | 2,205 | 2,205 | 2,205 | 0 | 0 | 0 | 0 | - | - | - | - |
Payment for debt obligation | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Proceeds from initial public offering, net of underwriting fees | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 |
Proceeds from follow-on offering, net of underwriting fees | ||||||||||||
- | - | - | - | - | 67,680 | 0 | 0 | 0 | - | - | - | - |
Payments for offering costs | ||||||||||||
- | - | - | - | - | 1,060 | 2,346 | 2,046 | 1,972 | 1,286 | 0 | 0 | 0 |
Related party borrowings | ||||||||||||
- | - | - | - | - | 1,127 | 3,413 | 6,843 | 10,057 | 14,321 | 0 | 0 | 0 |
Repayments of Related Party Debt | ||||||||||||
- | - | - | - | - | 5,000 | 5,000 | 5,000 | 5,000 | 0 | 0 | 0 | 0 |
Tax withholding paid on behalf of employees for stock-based awards | ||||||||||||
0 | - | - | - | 0 | - | - | - | 0 | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||||
72,012 | 133,547 | 60,823 | 128,662 | 127,497 | 118,838 | 119,838 | 55,889 | 59,415 | 13,035 | 0 | 0 | 0 |
Change in cash and cash equivalents | ||||||||||||
-19,715 | 16,730 | -66,052 | -13,296 | 4,797 | 93,162 | 105,168 | 43,585 | 49,570 | -187 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information | ||||||||||||
Cash paid for interest | ||||||||||||
6,631 | 5,166 | 3,365 | 1,544 | 336 | 0 | 0 | 0 | 0 | - | - | - | - |
Cash paid for operating leases | ||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
Non-cash investing and financing information: | ||||||||||||
Related party receivable | ||||||||||||
- | - | - | - | - | 73,690 | 73,065 | 69,634 | 1,051 | -72,639 | 0 | 0 | 0 |
Related party borrowings | ||||||||||||
- | - | - | - | - | 68,767 | 68,767 | 68,767 | 68,767 | 0 | 0 | 0 | 0 |
Note obligation | ||||||||||||
- | - | - | - | - | 140,688 | 0 | 0 | 0 | - | - | - | - |
Contingent royalty obligation payable to related party | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Contingent royalty obligation payable to Evolus Founders | ||||||||||||
- | - | - | - | - | 39,700 | 39,700 | 39,700 | 39,700 | 0 | 0 | 0 | 0 |
Contingent promissory note payable to Evolus Founders | ||||||||||||
- | - | - | - | - | 16,042 | 16,042 | 16,042 | 16,042 | 0 | 0 | 0 | 0 |
Capital contribution from Parent, convertible note write-off | ||||||||||||
- | - | - | - | - | 66,998 | 66,998 | 66,998 | 66,998 | 0 | 0 | 0 | 0 |
Capital contribution from Parent, forgiveness of related party borrowings | ||||||||||||
- | - | - | - | - | 13,188 | 13,188 | 13,188 | 13,188 | 0 | 0 | 0 | 0 |
Deferred offering costs | ||||||||||||
- | - | - | - | - | 2,885 | 2,885 | 2,885 | 2,885 | 0 | 0 | 0 | 0 |
Deferred offering costs, unpaid | ||||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | 0 | 0 |
Accounts payable, paid by Parent | ||||||||||||
- | - | - | - | - | 163 | 163 | 163 | 163 | 0 | 0 | 0 | 0 |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||
4,537 | 5,566 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - |
Capitalized software recorded in accounts payable and accrued expenses | ||||||||||||
-95 | 87 | 147 | 55 | 350 | 0 | 0 | 0 | 0 | - | - | - | - |