Welcome to our dedicated page for The Beauty Health Company news (Ticker: SKIN), a resource for investors and traders seeking the latest updates and insights on The Beauty Health Company stock.
The Beauty Health Company (SKIN), innovator of Hydrafacial systems and advanced aesthetic technologies since 1997, provides this centralized hub for investors and industry professionals. Our news collection offers immediate access to verified corporate developments, combining regulatory filings with market analysis for complete transparency.
This resource serves as your primary source for tracking earnings announcements, product innovations, and strategic partnerships that shape the medical aesthetics sector. Users benefit from chronological organization of press releases alongside third-party analyses, maintaining balanced perspectives on company milestones.
Content spans critical updates including FDA clearances, international expansion efforts, and clinical study results. Each entry is vetted for relevance to investor priorities and industry trends, with particular emphasis on the company's serum-based technology advancements.
Bookmark this page for real-time updates on SKIN's market movements and professional-grade insights into the $18B global aesthetics industry. Cross-reference our archive with SEC filings using provided document identifiers for complete due diligence capabilities.
The Beauty Health Company (NASDAQ:SKIN) has launched the Hydrafacial Hydralock HA Booster, a clinically proven formulation that significantly enhances skin hydration and reduces wrinkles. Key features include:
- Increases skin hydration by over 300%
- Reduces wrinkle appearance by 63% after one treatment
- Provides 24-hour moisture and glow
- Contains Triple Hyaluronic Acid Complex, Vitamin B5, and Fruit Extracts
Clinical results show:
- 455% increase in hydration immediately after treatment
- 338% increase in hydration after 24 hours
- 57% reduction in wrinkle appearance immediately
- 63% reduction in wrinkle appearance after 24 hours
94% of participants reported more hydrated, moisturized, and brighter skin 48 hours post-treatment. The booster is now available globally, expanding Hydrafacial's portfolio of customizable treatments.
The Beauty Health Company (NASDAQ: SKIN) reported Q2 2024 financial results, with net sales of $90.6 million, down 22.9% YoY. Gross margin dropped to 45.2% from 57.8%, with net income at $0.2 million. The decline is attributed to lower equipment sales amid persistent macroeconomic pressures, especially internationally. Adjusted EBITDA was a loss of $5.2 million. The company repurchased $117.3 million of convertible senior notes. Looking ahead, revised fiscal 2024 guidance projects net sales between $325-$345 million and adjusted EBITDA between -$10 million and $0 million.
CEO Marla Beck noted increased consumable sales and aggressive steps to address challenges, including offering lower-priced devices and new financing solutions. The company aims to enhance sales capabilities, operational efficiency, and expense leverage to return to profitable growth. Cash reserves stand at $349.5 million, down from $523.0 million at year-end 2023, mainly due to debt repurchases.
The Beauty Health Company (NASDAQ:SKIN), known for its flagship brand Hydrafacial™, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host an investor conference call at 4:30 p.m. Eastern Time following the results announcement.
Investors can access a live webcast of the call and supporting materials on the company's investor relations website. A recording of the call will be available approximately three hours after its conclusion. The Beauty Health Company uses various channels, including SEC filings, press releases, and its investor relations website, to disclose material information to the public and comply with Regulation FD.
The Beauty Health Company (NASDAQ: SKIN) reported first quarter 2024 financial results with net sales of $81.4 million, a (5.7)% decrease from the previous year. The company achieved an operating expense improvement of $6.1 million and repurchased $192.3 million of convertible notes. Despite lower equipment sales, consumables net sales showed steady growth. The CEO highlighted strategic priorities including sales excellence and financial discipline to drive future growth.
FAQ
What is the current stock price of The Beauty Health Company (SKIN)?
What is the market cap of The Beauty Health Company (SKIN)?
