Overall Perfomance for "Broad Street Alerts"
The following three charts can be used by potential investors to gauge the performance of "Broad Street Alerts":
4 out of 11 campaigns closed down on first day
5 out of 11 campaigns closed up on first day
2 out of 11 campaigns had no net effect
EVFM Promotional Newsletter
The following is a newsletter released by "Broad Street Alerts" promoting Evofem Biosciences, Inc.
Oversold, Small Float, FDA Approved Product
Good morning and welcome to all of our new members,
We alerted you to a our new bounce play NASDAQ EVFM this morning and we saw an opening price of .34share, now sitting at .394share up over 14% and moving.
This stock is so oversold I would not be surprised to see good double digit gains today. We are planning and updated report for Sunday and a full report early next week. If you have not already, take the time to look at the report below and check out the .
This mornings report below
Evofem Biosciences EVFM Oversold, Small Float, FDA Approved Product with Revenues and Another in Phase III Trials
Oversold, Residual Strength Index RSI 14 is Sitting at 14.07
Good morning everyone,
Evofem Biosciences, Inc. NASDAQ EVFM is developing products to address unmet needs in women's sexual and reproductive health.
Current price $.3466share as of market close 6-1-22
EVFM looks like a hidden jewel, and I expect a fast and hard swing could be right around the corner.
EVFM is a rapidly growing biopharma company and sales of its lead product Phexxi have been growing by triple digits QoQ with Q122 revenues reaching $4.3M. FDA-approved, Phexxi lactic acid, citric acid, and potassium bitartrate, is a hormone-free, on-demand prescription contraceptive vaginal gel. It comes in a box of twelve pre-filled applicators and is applied 0-60 minutes before each act of sex.
There is a lot happening at EVFM that may result in 2022 being their breakout year. Contraception for women is a huge market and EVFM has an effective hormone free product. A recent cash raise has created a rare value opportunity and l we are looking to exploit that.
EVFM shares took a hit on May 19, 2022 see chart below as the company announced its intent to sell common shares, warrants for common shares, and pre-funded warrants for common shares. You can . As often happens, the company value fell in response to the announced dilution.
In a, filled with valuable information about EVFM and Phexxi, the company states their post cash raise outstanding share count as of May 25 is at 42.2M. My estimate is that EVFM receives $18.8M in net proceeds from the offering so there should not be any additional dilution near-term.
Lets put the current numbers in perspective subject to further verification by the company. EVFM would have a current market cap of $14.6M and a cash position of $18-20M. On a pro-forma basis, given that Phexxi sales were $4.3M in Q1, and assuming they will stay at that level or more likely gain, FYE22 revenues could be $17-20M the company has guided a higher revenue level for FYE22.
Those numbers result in a cash position of $.45share and a price to sales ratio of .75X, both favorable investment statistics. EVFM CEO Saundra Pelletier just bought last week 141,000 shares at market, more than doubling her stake in the company. Maybe she knows those numbers are too hard to resist.
Look at the recent QoQ revenue growth
Phexxi EVO100 is also in development for two potential new indications, chlamydia, and gonorrhea in women. In March 2022, EVFM completed enrollment in EVOGUARD, the confirmatory Phase 3 clinical trial to evaluate the safety and efficacy of Phexxi, with a supplemental NDA sNDA filing expected in 1H23.
Top-line results from the Phase III trial are expected in the second half of 2022. EVO100 Phexxi has been granted Fast Track Designation for the prevention of chlamydia in women and the prevention of gonorrhea in women and is designated a Qualified Infectious Disease Product for both indications by the FDA.
In , the FDA has formally extended the shelf life of Phexxi from three to four years. As we continue our long-term strategy to reduce operating expenses, this shelf-life extension provides a significant and valuable operational efficiency, said CEO Saundra Pelletier.
In December 2021, the Health Resources Services Administration, part of the U.S. Department HHS, updated guidelines regarding patient access to contraceptive products, essentially mandating payer coverage for all FDA-approved pregnancy prevention contraceptives, including Phexxi, at zero copay under the Affordable Care Act.
This HHS mandate is a huge benefit to contraceptive manufacturers.
On it selected Bora Pharmaceuticals Services Inc. Canada as Evofem's new contract manufacturing organization. Bora will eventually manufacture Phexxi for markets worldwide. Bora is expected to begin manufacturing Phexxi in the fourth quarter of 2022.
Evofem expects to realize a 45 percent reduction in the cost of goods related to the manufacturing, packaging, and testing of Phexxi as part of the company's overall efforts to reduce spend and continue to improve gross margin, said Saundra Pelletier, CEO.
FYE is December 31.
Outstanding shares 42.2M
Shares in float YF 12.6M
Revenues ttm $11.3M
Revenues Q122 $4.3M
EVFM has too much going for it to remain at its current levels. Looking for a near term swing.
We have a lot more coming on EVFM over the next couple trading days.
Do we disclose any information to outside parties
We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information.
What information do we collect
We collect information from you when you subscribe to our newsletter or fill out a form on one of our social platforms. This includes your email address and or mobile phone number.
When registering on our site, as appropriate, you may be asked to enter your e-mail address and or mobile number.
What do we use your information for
When we collect your email or mobile number it is used for one purpose to send you the information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails.
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested.
We send periodic emails
The email address you provide may be used to send you information, respond to inquiries, andor other requests or questions.
How do we protect your information
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use secure third parties to send email and sms messages to you.
Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act.
This websitenewsletter is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS LLC.
Our reportsreleases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our emailblog list as well as any social networking platforms we may use.
Remember, we choose who we work with. Our uncompensated reports are intended to help build our member base.
PLEASE NOTE WELL SCS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability Through use of this website viewing or using you agree to hold SCS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury monetary or otherwise that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SCS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SCS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SCS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions quote may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, SCS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The owners and operators of this website have been compensated twenty five thousand dollars cash via bank wire for our distributed opinions on evfm to last through 6-7-22. The advertisements in this website are believed to be reliable, however, SCS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA.
Copyright 2022 Broad Street Alerts,