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EVFM - Evofem Biosciences declines 5% after bottom line earnings miss
Evofem Biosciences Inc.
Shares of Evofem Biosciences (EVFM -7.1%) are down after the company's Q4 2021 results missed on the bottom line. Evofem's (NASDAQ:EVFM) net loss widened ~27% to $51.6M compared to the prior-year period. Revenue of $3.57M was a 2000% year-over-year increase. Total operating expenses in the quarter increased ~14% to $41M compared to Q4 2020. The company ended the year with about $7.7M in cash. Read why Seeking Alpha contributor Amit Ghate considers Eveofem (EVFM -7.2%) a strong buy.