# EDGAR Filing Document

**Accession Number:** 0001618835
**File Stem:** 0001493152-26-024095
**Filing Date:** 2026-5
**Character Count:** 16589
**Document Hash:** 32a15918ec587480eafa50fbb0ef9a49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-024095.hdr.sgml**: 20260518

**ACCESSION NUMBER**: 0001493152-26-024095

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260518

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260518

**DATE AS OF CHANGE**: 20260518

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Evofem Biosciences, Inc.
- **CENTRAL INDEX KEY:** 0001618835
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 208527075
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36754
- **FILM NUMBER:** 26990943

**BUSINESS ADDRESS:**
- **STREET 1:** 12400 HIGH BLUFF DRIVE
- **STREET 2:** SUITE 600
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
- **BUSINESS PHONE:** (858) 550-1900

**MAIL ADDRESS:**
- **STREET 1:** 12400 HIGH BLUFF DRIVE
- **STREET 2:** SUITE 600
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Neothetics, Inc.
- **DATE OF NAME CHANGE:** 20140905

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): May 18, 2026**

**EVOFEM BIOSCIENCES, INC.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-36754** | **20-8527075** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

**7770 Regents Road, Suite 113-618**

**San Diego, CA 92122**

**(Address of Principal Executive Offices)**

**(858) 550-1900**

**(Registrant's telephone number, including area code)**

**Not applicable.**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02. Results of Operations and Financial Condition.**

On May 18, 2026, Evofem Biosciences, Inc. (the "Company") issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information set forth in this item 2.02 and in Exhibit 99.1 is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934 and is not to be incorporated by reference into any filing of the registrant under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such a filing.

*<u>Forward-Looking Statements</u>*

The press release incorporated into this Current Report on Form 8-K 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, "anticipate," "aim," "believe," "contemplate," "continue," "could," "design," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "suggest," "strategy," "target," "will," "would," 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's expectations regarding the anticipated impact of COGS reduction initiatives, future sales trends, cost-reduction initiatives, manufacturing efficiencies, international market expansion, and the Company's ability to obtain additional financing or other strategic alternatives. Forward-looking statements are based on current assumptions and involve known and unknown risks and uncertainties, many of which are beyond the Company's 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, 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, 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 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's current liquidity position and evolving business conditions.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated May 18, 2026](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **EVOFEM BIOSCIENCES, INC.** | **EVOFEM BIOSCIENCES, INC.** |
| Date: May 18, 2026 | By: | */s/ Ivy Zhang* |
|  |  | Ivy Zhang |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Evofem Reports First Quarter 2026 Financial Results and Provides Business Update**

— Advancing Strategy to Increase and Diversify Revenue through Ex-U.S. Commercialization —

SAN DIEGO, CA, May 18, 2026 — Women's health innovator Evofem Biosciences, Inc. (Evofem or the Company) (OTCID: EVFM), today announced financial results for the first quarter ended March 31, 2026.

"Evofem continues to execute our strategy to increase revenues and to diversify and reduce risk in our revenue stream," said Saundra Pelletier, CEO of Evofem. "A 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."

Notable advances in 2026 to-date include:

● Expanded
 our global reach into Sub-Saharan Africa through a distribution agreement with Clovis Davis
 Pharmaceuticals for SOLOSEC® (secnidazole) 2g oral granules.

● The
 Emirates Drug Establishment (EDE) review of the submissions for marketing approval of PHEXX®
 (lactic acid, citric acid and potassium bitartrate) and SOLOSEC in the United Arab Emirates
 (UAE) is ongoing. The EDE issued favorable pricing certificates for PHEXX in late 2025.

● Advanced
 patient recruitment in an investigator-led, NIH-funded 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* in men and
 women. Study investigators hypothesize that the rate of repeat infections with *T. vaginalis* 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.<sup>1</sup>

**First Quarter Financial Results**

For 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.

Total 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.

As 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 $1.0 million, or $0.01 per basic and $0.00 per fully diluted share, in the first quarter of 2025.

**About Evofem**

Evofem Biosciences is a San Diego-based pharmaceutical company commercializing two FDA-approved sexual and reproductive health products:

● PHEXX <sup>®</sup>
 (lactic acid, citric acid, and potassium bitartrate) - the first and only hormone-free, on-demand
 prescription contraceptive vaginal gel. Visit phexx.com to learn more and for important safety
 information.

● SOLOSEC®
 (secnidazole) 2g oral granules - 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 to learn more and for important
 safety information.

*PHEXX® and SOLOSEC® are registered trademarks of Evofem Biosciences, Inc.*

 

**Forward-Looking Statements**

This 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, "anticipate," "could," "estimate," "expect," "target," "hypothesize," "intend," "potential," "strategy," "will," 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's 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's 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's 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's 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's current liquidity position and evolving business conditions.

**Sources**

1. National Institute of Allergy
 & Infectious Diseases (NIAID) of the National Institutes of Health. Award number R01AI183266: Refining *Trichomonas vaginalis* treatment in women and men.

**Connect with Us**

ir@evofem.com

media@evofem.com

**Financial Tables Follow**

**EVOFEM BIOSCIENCES, INC. AND SUBSIDIARIES<br> CONDENSED CONSOLIDATED BALANCE SHEETS**

**(unaudited)<br> (In thousands)**

---

| | | |
|:---|:---|:---|
|  | **As of** | **As of** |
|  | **March 31, 2026** | **December 31, 2025** |
| Cash and cash equivalents | $1491 | $- |
| Restricted cash and cash equivalents | $888 | $578 |
| Trade accounts receivable, net | $560 | $12480 |
| Total current liabilities | $78752 | $84820 |
| Total stockholders' deficit | $(77630) | $(74336) |
| Total liabilities, convertible and redeemable preferred stock and stockholders' deficit | $7442 | $20274 |

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**EVOFEM BIOSCIENCES, INC. AND SUBSIDIARIES<br> CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<br>** <br> (unaudited)<br> (In thousands, except share and per share data)

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| | | |
|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2025** |
| Product sales, net | $899 | $845 |
| **Operating Expenses:** |  |  |
| &nbsp;&nbsp;&nbsp;Cost of goods sold | 410 | 365 |
| &nbsp;&nbsp;&nbsp;Amortization of intangible asset | 75 | 223 |
| &nbsp;&nbsp;&nbsp;Research and development, net | 518 | (5035) |
| &nbsp;&nbsp;&nbsp;Selling and marketing | 2093 | 2600 |
| &nbsp;&nbsp;&nbsp;General and administrative | 2372 | 2365 |
| Total operating expenses | 5468 | 518 |
| Income (loss) from operations | (4569) | 327 |
| Other income (expense): |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 2 | 8 |
| &nbsp;&nbsp;&nbsp;Other expense, net | (737) | (600) |
| &nbsp;&nbsp;&nbsp;Change in fair value of financial instruments | (162) | 1221 |
| Total other income (expense), net | (897) | 629 |
| Income (loss) before income tax expense | (5466) | 956 |
| Income tax expense | 1 | - |
| Net income (loss) | (5465) | 956 |
| Convertible and redeemable preferred stock deemed dividends | (20) | (3) |
| Net income (loss) attributable to common stockholders | $(5485) | $953 |
| Net income (loss) per share attributable to common stockholders: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(0.04) | $0.01 |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.04) | $0.00 |
| Weighted-average shares used to compute net income (loss) per share attributable to common shareholders: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 133246864 | 118164046 |
| &nbsp;&nbsp;&nbsp;Diluted | 133246864 | 6155035291 |

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