The Beauty Health Company Reports First Quarter Results for The HydraFacial Company
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The Beauty Health Company (NASDAQ: SKIN), today announced first quarter 2021 financial results for The HydraFacial Company (“HydraFacial”), a global category-creating beauty health company.
First Quarter Financial Highlights:
-
As previously announced by HydraFacial, Q1 net sales of
$47.5 million , increased46% and37% from Q1 2020 and Q1 2019, respectively.-
Q1 delivery system sales increased to
$25.6 million , compared to$14.1 million in Q1 2020 and$17.0 million in Q1 2019. -
Q1 consumables sales increased to
$21.9 million , compared to$18.5 million in Q1 2020 and$17.7 million in Q1 2019.
-
Q1 delivery system sales increased to
-
Q1 gross margin increased to
66.8% compared to58.2% in Q1 2020 and Q1 adjusted gross margin increased to72.2% compared to66.3% in Q1 2020. -
Q1 operating income was
$2.4 million compared to an operating loss of$7.3 million in Q1 2020. -
Q1 net loss was
$3.3 million compared to a net loss of$9.1 million in Q1 2020. -
Q1 adjusted EBITDA was
$7.0 million compared to an adjusted EBITDA loss of$2.1 million in Q1 2020.
Key Operational and Business Metrics:
|
Three months ended March 31, |
||||||
(dollars in millions) |
2021 |
|
2020 |
||||
Delivery Systems net sales |
$ |
25.6 |
|
|
$ |
14.1 |
|
Consumables net sales |
$ |
21.9 |
|
|
$ |
18.5 |
|
Total net sales |
$ |
47.5 |
|
|
$ |
32.5 |
|
Gross profit |
$ |
31.7 |
|
|
$ |
18.9 |
|
Gross margin |
66.8 |
% |
|
58.2 |
% |
||
Net loss |
$ |
(3.3) |
|
|
$ |
(9.1) |
|
Adjusted EBITDA |
$ |
7.0 |
|
|
$ |
(2.1) |
|
The Beauty Health Company
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Household & Personal Products
Surgical & Medical Instruments & Apparatus
United States
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