Evofem Biosciences Reports Second Quarter 2020 Financial Results and Provides Corporate Update

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Evofem Biosciences (EVFM) Misses Q2 EPS by 54c

August 4, 2020 8:07 AM EDT

Evofem Biosciences (NASDAQ: EVFM) reported Q2 EPS of ($0.91), $0.54 worse than the analyst estimate of ($0.37).

Second quarter and recent highlights include:

Received U.S. Food and Drug Administration (FDA) approval of Phexxi (lactic acid, citric acid and potassium bitartrate) for the prevention of pregnancy in females of reproductive potential for use as an on-demand method of contraception; Strengthened the balance sheet with approximately $136 million in gross proceeds from two financing transactions during an incredibly challenging... More