The Beauty Health Company Reports Record Fourth Quarter and Fiscal Year 2021 Financial Results

About this update from Skinhealth Systems Inc.

[{"type":"text","content":"\nProvides Fiscal Year 2022 Outlook\n\n LONG BEACH, Calif.--(BUSINESS WIRE)--\nThe Beauty Health Company (\"BeautyHealth\" or the \"Company\"; NASDAQ:SKIN), a global category-creator in beauty health leading the charge with its flagship brand HydraFacial™, today announced financial results for the fourth quarter ended December 31, 2021.\n\nBrent Saunders, BeautyHealth’s Executive Chairman, stated: “We are extremely pleased with our accomplishments this quarter and for the full year 2021, exceeding our guidance. Importantly, we navigated through macro challenges and COVID, delivering strong results by executing against our key strategic initiatives. Our performance is proof of the compelling opportunity we have to capture the convergence of medical aesthetics and skincare.”\n\n“I am grateful and honored to be leading this impressive company as CEO, especially at such an exciting time for BeautyHealth,” said Andrew Stanleick, BeautyHealth’s President and Chief Executive Officer. “I am pleased to share that for 2022, we expect net sales in the range of $320 million to $330 million and adjusted EBITDA of approximately $50 million, barring any adverse COVID-related headwinds. 2022 will be our final year of elevated investments. In 2023, we plan to leverage our operating infrastructure to accelerate our profitability, climbing towards our historical adjusted EBITDA margin levels. We are at a pivotal point in the Company’s growth trajectory, and I am thrilled to execute on our dynamic strategy,” concluded Mr. Stanleick.\n\nKey Operational and Business Metrics\n\n\n\n \n\n\n \n\nThree Months Ended December 31,\n\n\n\n \n\n\n\nYear Ended December 31,\n\n\n\n\n\nUnaudited (dollars in millions)\n\n\n \n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nDelivery Systems net sales\n\n\n \n\n$\n\n\n\n42.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n17.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n139.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n53.4\n\n\n\n \n\n\n\n\n\nConsumables net sales\n\n\n \n\n$\n\n\n\n35.2\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n20.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n120.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n65.7\n\n\n\n \n\n\n\n\n\nTotal net sales\n\n\n \n\n$\n\n\n\n77.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n37.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n260.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n119.1\n\n\n\n \n\n\n\n\n\nGross profit\n\n...

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