Business
BeautyHealth Reports Full Year and Fourth Quarter 2023 Financial Results
Delivers net sales of $398 million for the full year and $96.8 million for the fourth quarter driven by growth across international markets LONG BEACH,
About this update from Skinhealth Systems Inc.
[{"type":"text","content":"\nDelivers net sales of $398 million for the full year and $96.8 million for the fourth quarter driven by growth across international markets\n\n\n LONG BEACH, Calif.--(BUSINESS WIRE)--\nThe Beauty Health Company (NASDAQ: SKIN) (“BeautyHealth”), home to flagship brand Hydrafacial, today announced financial results for the full year and fourth quarter ended December 31, 2023. Full year net sales of $398.0 million increased 8.8% relative to 2022, with fourth quarter net sales of $96.8 million decreasing (1.3)% year-over-year. Fourth quarter results reflect lower equipment sales in the Americas, substantially offset by steady growth in Americas consumables net sales and strong device placement in Asia-Pacific.\n\n\n\"To close 2023, we delivered fourth quarter financial results consistent with the expectations we outlined on our last earnings call,” said BeautyHealth Chief Executive Officer Marla Beck. “While the results reflect a necessary operational reset, the underlying strength of our business remains—a clinically proven treatment, passionate provider community, unique partner portfolio, beloved consumer brand, and growing addressable market. I am confident in the still-untapped global opportunity for BeautyHealth.”\n\n\nKey Operational and Business Metrics\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended December 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\nYear Ended December 31,\n\n\n\n\n\n\n\n\nUnaudited ($ in millions) (2)\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2022(1\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2022(1\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nDelivery Systems net sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n44.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n50.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n206.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n206.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nConsumables net sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n52.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n47.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n191.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n159.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nTotal net sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n96.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n98.1\n\n\n...