![](\"https:\/\/mms.businesswire.com\/media\/20260515239050\/en\/2699902\/5\/Evofem_Biosciences_Outlined_rgb_300.jpg\")
<\/a><\/a>\n\u201cEvofem continues to execute our strategy to increase revenues and to diversify and reduce risk in our revenue stream,\u201d said Saundra Pelletier, CEO of Evofem. \u201cA key component of this strategy is commercializing our FDA-approved sexual health products outside the U.S. through strategic alliances such as the ones we have forged for MENA and Sub-Saharan Africa. We look forward to non-dilutive capital from each of these markets in 2026.\u201d<\/p>
\nNotable advances in 2026 to-date include:<\/p>
- \n
- \nExpanded our global reach into Sub-Saharan Africa through a distribution agreement with Clovis Davis Pharmaceuticals for SOLOSEC\u00ae<\/sup> (secnidazole) 2g oral granules<\/a>.<\/li>\n
- \nThe Emirates Drug Establishment (EDE) review of the submissions for marketing approval of PHEXX\u00ae<\/sup> (lactic acid, citric acid and potassium bitartrate)<\/a> and SOLOSEC in the United Arab Emirates (UAE) is ongoing. The EDE issued favorable pricing certificates for PHEXX in late 2025.<\/li>\n
- \nAdvanced patient recruitment in an investigator-led, NIH-funded<\/a> Phase 4 clinical trial evaluating the effectiveness and cost-effectiveness of SOLOSEC (single-dose, one time) versus metronidazole (twice daily for seven days) for the treatment of Trichomonas vaginalis <\/i>in men and women. Study investigators hypothesize that the rate of repeat infections with T. vaginalis<\/i> will be 1.75 lower in the SOLOSEC group versus the multi-dose oral metronidazole arm and that single-dose SOLOSEC will have higher initial cost but will be more cost effective compared to multi-dose metronidazole, largely due to lower breakthrough rates of infection.1<\/sup><\/li>\n<\/ul>
\nFirst Quarter Financial Results<\/b><\/p>
\nFor the three months ended March 31, 2026, net sales were $0.9 million, versus $0.8 million in the prior year period. The increase was primarily due to the higher WAC and more favorable gross-to-net ratio for both PHEXX and SOLOSEC and higher SOLOSEC ex-factory sales in the 2026 period, partially offset by lower ex-factory sales for PHEXX in the 2026 period following the exceptionally high level of PHEXX purchasing by wholesalers in December 2025 ahead of the January 2026 price increase.<\/p>
\nTotal operating expenses were $5.5 million in the first quarter of 2026, compared to $6.1 million in the prior year period, after excluding a one-time $5.6 million reduction in research and development expense as a result of its successful settlement of a portion of its trade payables with multiple vendors.<\/p>
\nAs a result, net loss was $5.5 million, or $(0.04) per basic and diluted share, in the first quarter of 2026. This compares to net income attributable to common stockholders of\u00a0$1.0 million,\u00a0or $0.01\u00a0per basic and\u00a0$0.00\u00a0per fully diluted share, in the first quarter of 2025.<\/p>
\nAbout Evofem<\/b><\/p>
\nEvofem Biosciences is a San Diego-based pharmaceutical company commercializing two FDA-approved sexual and reproductive health products:<\/p>
- \n
- \nPHEXX\u00ae<\/sup> (lactic acid, citric acid, and potassium bitartrate) \u2013 the first and only hormone-free, on-demand prescription contraceptive vaginal gel. Visit phexx.com<\/a> to learn more and for important safety information.<\/li>\n
- \nSOLOSEC\u00ae<\/sup> (secnidazole) 2g oral granules \u2013 an FDA-approved oral antibiotic for the treatment of two sexual health diseases: bacterial vaginosis (BV), a common vaginal infection, in females 12 years of age and older, and trichomoniasis, a common sexually transmitted infection (STI), in people 12 years of age and older. SOLOSEC provides a complete course of therapy in just one dose. Visit solosec.com<\/a> to learn more and for important safety information.<\/li>\n<\/ul>
\nPHEXX\u00ae<\/sup> and SOLOSEC\u00ae<\/sup> are registered trademarks of Evofem Biosciences, Inc.<\/i><\/p>
\nForward-Looking Statements<\/b><\/p>
\nThis press release includes \"forward-looking statements,\" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Words such as, but not limited to, \u201canticipate,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201ctarget,\u201d \u201chypothesize,\u201d \u201cintend,\u201d \u201cpotential,\u201d \u201cstrategy,\u201d \u201cwill,\u201d and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include but are not limited to, Evofem\u2019s expectations regarding the anticipated impact of COGS reduction initiatives, the commercialization of PHEXX and SOLOSEC, the timing and outcome of the EDE review of the submissions for PHEXX and SOLOSEC in the UAE, and the timing and magnitude of anticipated future commercial orders for and product launches in ex-U.S. markets. Forward-looking statements are based on current assumptions and involve known and unknown risks and uncertainties, many of which are beyond the Company\u2019s control. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to, limited cash resources, the Company\u2019s ability to continue as a going concern, dependence on new capital or business development transactions to fund operations, potential delays in regulatory approvals, changes in market demand, manufacturing and supply chain risks, the nonrecurring nature of certain recent gains, risks related to the Company\u2019s limited revenue base relative to operating expenses, and its reliance on third-party licensees and distributors for ex-U.S. commercialization, together with those that are disclosed in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 11, 2026, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the SEC on May 15, 2026, and any subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. Evofem undertakes no obligation to update or revise any forward-looking statement except as required by law, and investors are cautioned not to place undue reliance on such statements given the Company\u2019s current liquidity position and evolving business conditions.<\/p>
\nSources<\/b><\/p>
\n1. National Institute of Allergy & Infectious Diseases (NIAID) of the National Institutes of Health. Award number R01AI183266<\/a>: Refining Trichomonas vaginalis<\/i> treatment in women and men.<\/p>
\n
\n \nEVOFEM BIOSCIENCES, INC. AND SUBSIDIARIES<\/b><\/p>
\nCONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>
\n\u00a0<\/b><\/p>
\n(unaudited)<\/p>
\n(In thousands)<\/p><\/td><\/tr>\n
\n \n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \n\u00a0<\/p><\/td>
\nAs of<\/b><\/p><\/td><\/tr>\n
\n \n\u00a0<\/p><\/td>
\nMarch 31, 2026<\/b><\/p><\/td>
\n\u00a0<\/p><\/td>
\nDecember 31, 2025<\/b><\/p><\/td><\/tr>\n
\n \nCash and cash equivalents<\/p><\/td>
\n$<\/p><\/td>
\n1,491<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n$<\/p><\/td>
\n-<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nRestricted cash and cash equivalents<\/p><\/td>
\n$<\/p><\/td>
\n888<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n$<\/p><\/td>
\n578<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nTrade accounts receivable, net<\/p><\/td>
\n$<\/p><\/td>
\n560<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n$<\/p><\/td>
\n12,480<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nTotal current liabilities<\/p><\/td>
\n$<\/p><\/td>
\n78,752<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n$<\/p><\/td>
\n84,820<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nTotal stockholders\u2019 deficit<\/p><\/td>
\n$<\/p><\/td>
\n(77,630<\/p><\/td>
\n)<\/p><\/td>
\n \n$<\/p><\/td>
\n(74,336<\/p><\/td>
\n)<\/p><\/td><\/tr>\n
\n \nTotal liabilities, convertible and redeemable preferred stock and stockholders\u2019 deficit<\/p><\/td>
\n$<\/p><\/td>
\n7,442<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n$<\/p><\/td>
\n20,274<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table> \n
\n \nEVOFEM BIOSCIENCES, INC. AND SUBSIDIARIES<\/b><\/p>
\nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>
\n\u00a0<\/b><\/p>
\n(unaudited)<\/p>
\n(In thousands, except share and per share data)<\/p><\/td><\/tr>\n
\n \n \n \u00a0<\/td>\n<\/tr>\n \n \n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\nThree Months Ended March 31,<\/b><\/p><\/td><\/tr>\n
\n \n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n2026<\/b><\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n2025<\/b><\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nProduct sales, net<\/p><\/td>
\n \n$<\/p><\/td>
\n899<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n$<\/p><\/td>
\n845<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \nOperating Expenses:<\/b><\/p><\/td>
\n \n \n \n<\/tr>\n \n \nCost of goods sold<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n410<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n365<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nAmortization of intangible asset<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n75<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n223<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nResearch and development, net<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n518<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(5,035<\/p><\/td>
\n)<\/p><\/td><\/tr>\n
\n \nSelling and marketing<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n2,093<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n2,600<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nGeneral and administrative<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n2,372<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n2,365<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nTotal operating expenses<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n5,468<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n518<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nIncome (loss) from operations<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(4,569<\/p><\/td>
\n)<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n327<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nOther income (expense):<\/p><\/td>
\n \n \n \n<\/tr>\n \n \nInterest income<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n2<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n8<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nOther expense, net<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(737<\/p><\/td>
\n)<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(600<\/p><\/td>
\n)<\/p><\/td><\/tr>\n
\n \nChange in fair value of financial instruments<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(162<\/p><\/td>
\n)\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n1,221<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nTotal other income (expense), net<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(897<\/p><\/td>
\n)\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n629<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nIncome (loss) before income tax expense<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(5,466<\/p><\/td>
\n)<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n956<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nIncome tax expense<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n1<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n-<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nNet income (loss)<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(5,465<\/p><\/td>
\n)<\/p><\/td>
\n\u00a0<\/p><\/td>
\n\u00a0<\/p><\/td>
\n956<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nConvertible and redeemable preferred stock deemed dividends<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(20<\/p><\/td>
\n)<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n(3<\/p><\/td>
\n)<\/p><\/td><\/tr>\n
\n \nNet income (loss) attributable to common stockholders<\/p><\/td>
\n \n$<\/p><\/td>
\n(5,485<\/p><\/td>
\n)<\/p><\/td>
\n \n$<\/p><\/td>
\n953<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nNet income (loss) per share attributable to common stockholders:<\/p><\/td>
\n \n \n \n<\/tr>\n \n \nBasic<\/p><\/td>
\n \n$<\/p><\/td>
\n(0.04<\/p><\/td>
\n)<\/p><\/td>
\n \n$<\/p><\/td>
\n0.01<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nDiluted<\/p><\/td>
\n \n$<\/p><\/td>
\n(0.04<\/p><\/td>
\n)<\/p><\/td>
\n \n$<\/p><\/td>
\n0.00<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nWeighted-average shares used to compute net income (loss) per share attributable to common shareholders:<\/p><\/td>
\n \n \n \n<\/tr>\n \n \nBasic<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n133,246,864<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n118,164,046<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n
\n \nDiluted<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n133,246,864<\/p><\/td>
\n\u00a0<\/p><\/td>
\n \n\u00a0<\/p><\/td>
\n6,155,035,291<\/p><\/td>
\n\u00a0<\/p><\/td><\/tr>\n<\/table>
\n\u00a0<\/p>
\nConnect with Us\n
\u2014 Advancing Strategy to Increase and Diversify Revenue through Ex-U.S. Commercialization \u2014SAN DIEGO–(BUSINESS WIRE)–$EVFM #BV–Women\u2019s health innovator Evofem Biosciences, Inc. (Evofem or the Company) (OTCID: EVFM), today announced financial results…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7220","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7220"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7220\/revisions"}],"predecessor-version":[{"id":7221,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7220\/revisions\/7221"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- \nSOLOSEC\u00ae<\/sup> (secnidazole) 2g oral granules \u2013 an FDA-approved oral antibiotic for the treatment of two sexual health diseases: bacterial vaginosis (BV), a common vaginal infection, in females 12 years of age and older, and trichomoniasis, a common sexually transmitted infection (STI), in people 12 years of age and older. SOLOSEC provides a complete course of therapy in just one dose. Visit solosec.com<\/a> to learn more and for important safety information.<\/li>\n<\/ul>
- \nThe Emirates Drug Establishment (EDE) review of the submissions for marketing approval of PHEXX\u00ae<\/sup> (lactic acid, citric acid and potassium bitartrate)<\/a> and SOLOSEC in the United Arab Emirates (UAE) is ongoing. The EDE issued favorable pricing certificates for PHEXX in late 2025.<\/li>\n