Business
The Beauty Health Company Reports Record Third Quarter 2021 Financial Results
Raises Full Year 2021 Guidance LONG BEACH, Calif.--(BUSINESS WIRE)-- The Beauty Health Company ("BeautyHealth" or the "Company"; NASDAQ:SKIN), a global
About this update from Skinhealth Systems Inc.
[{"type":"text","content":"\nRaises Full Year 2021 Guidance\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 HydraFacialTM, today announced financial results for the third quarter ended September 30, 2021.\n\nBrent Saunders, BeautyHealth’s Executive Chairman, stated: “We are very pleased with our results this quarter, as well as the strength of our year-to-date performance. Our sales and adjusted EBITDA continued to exceed our expectations and delivered new record results, while we continued to lead through macro challenges and select market closures related to the Delta variant surge. Our strength demonstrates the diversification of our business across channels and geographies, as well as the favorable secular tailwinds that remain strong and we believe are here to stay. We are executing across all key strategic initiatives we laid out for you last December, further enhanced by the acceleration in the consumer shift to health and wellness.”\n\n“As a result of our strong performance to-date combined with our expectations for the fourth quarter, we are raising our top-line guidance for the full year to a range of $245 million to $255 million and adjusted EBITDA to $30 million, barring any deterioration related to COVID-19 trends. Our upward revisions are based on our momentum, and we will continue to invest ahead of our growth to capitalize on the significant opportunity ahead in the category we created,” concluded Mr. Saunders.\n\n\n\nKey Operational and Business Metrics\n\n\n\n\n\n\n\n\n \n\n\n\nThree Months Ended September 30,\n\n\n\n \n\n\n\nNine Months Ended September 30,\n\n\n\n\n\n(dollars in millions)\n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nDelivery Systems net sales\n\n\n\n$\n\n\n\n36.2\n\n\n\n \n\n\n\n$\n\n\n\n15.9\n\n\n\n \n\n\n\n$\n\n\n\n96.8\n\n\n\n \n\n\n\n$\n\n\n\n36.0\n\n\n\n\n\nConsumables net sales\n\n\n\n$\n\n\n\n32.0\n\n\n\n \n\n\n\n$\n\n\n\n18.6\n\n\n\n \n\n\n\n$\n\n\n\n85.4\n\n\n\n \n\n\n\n$\n\n\n\n45.2\n\n\n\n\n\nTotal net sales\n\n\n\n$\n\n\n\n68.1\n\n\n\n \n\n\n\n$\n\n\n\n34.6\n\n\n\n \n\n\n\n$\n\n\n\n182.2\n\n\n\n \n\n\n\n$\n\n\n\n81.2\n\n\n\n\n\nGross profit\n\n\n\n$\n\n\n\n46.1\n\n\n\n \n\n\n\n$\n\n\n\n21.0\n\n\n\n \n\n\n\n$\n\n...