Business
The Beauty Health Company Reports Strong First Quarter 2022 Financial Results
Increases 2022 Financial Guidance LONG BEACH, Calif.--(BUSINESS WIRE)-- The Beauty Health Company ("BeautyHealth" or the "Company") (NASDAQ:SKIN), the
About this update from Skinhealth Systems Inc.
[{"type":"text","content":"\nIncreases 2022 Financial Guidance\n\n LONG BEACH, Calif.--(BUSINESS WIRE)--\nThe Beauty Health Company (\"BeautyHealth\" or the \"Company\") (NASDAQ:SKIN), the breakthrough category creator at the intersection of traditional beauty and aesthetics, today announced financial results for the first quarter ended March 31, 2022.\n\n“I am proud to report that BeautyHealth delivered another outstanding quarter of growth as we continued to execute on our Master Plan. We achieved record delivery system sales, supported by the highly successful launch of Syndeo, our next generation digitally connected HydraFacial delivery system,” said Andrew Stanleick, BeautyHealth’s President and Chief Executive Officer. “We are driving continued strong demand as consumers seek the confidence boosting glow we’re famous for. As a result of the momentum we’re seeing across the business and the strong rollout of Syndeo, I am pleased to announce that we are raising our full-year guidance for net sales. We remain confident in the long-term outlook for the beauty health category, and we look forward to carrying this momentum into the rest of the year as we continue to build upon our impressive platform.”\n\nKey Operational and Business Metrics\n\n\n\n \n\n\n\nThree Months Ended March 31,\n\n\n\n\n\nUnaudited (dollars in millions)\n\n\n\n2022\n\n\n\n \n\n\n\n2021\n\n\n\n\n\nDelivery Systems net sales\n\n\n\n$\n\n\n\n41.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n25.7\n\n\n\n \n\n\n\n\n\nConsumables net sales\n\n\n\n$\n\n\n\n33.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n21.9\n\n\n\n \n\n\n\n\n\nTotal net sales\n\n\n\n$\n\n\n\n75.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n47.5\n\n\n\n \n\n\n\n\n\nGross profit\n\n\n\n$\n\n\n\n51.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n31.7\n\n\n\n \n\n\n\n\n\nGross margin\n\n\n\n \n\n\n\n68.9\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n66.8\n\n\n\n%\n\n\n\n\n\nNet income (loss)\n\n\n\n$\n\n\n\n32.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(3.3\n\n\n\n)\n\n\n\n\n\nAdjusted net income (loss)*\n\n\n\n$\n\n\n\n(8.5\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.1\n\n\n\n)\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n$\n\n\n\n2.2\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n7.0\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA margin*\n\n\n\n \n\n\n\n2.9\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n14.8\n\n\n\n%\n\n\n\n\n\nAdjusted gross profit*\n\n\n\n$\n\n\n\n54.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n34.3\n\n\n\n \n\n\n\n\n\nAdjus...