The Beauty Health Company - SKIN STOCK NEWS

BeautyHealth (NASDAQ: SKIN) has released its 2024 Skintuition Report, highlighting key trends in the beauty and skincare industry. The report reveals significant consumer shifts towards skinimalism and clinically proven treatments. Notable metrics include an 8% increase in Hydrafacial Perk Lip Treatments and a 55% surge in neck and décolleté treatments globally compared to the previous year.

The report identifies key trends for 2025, including the medicalization of beauty, rise of skintellectual consumers, skinimalism revival, focus on beautility, and tailored treatments. The company's Hydralock HA Booster, which triples hydration after one treatment, has become their most successful branded booster launch to date.

The Beauty Health Company (NASDAQ: SKIN) announced its Q3 2024 financial results, reporting net sales of $78.8 million, a decrease of 19.1% year-over-year. Gross margin improved to 51.6% from -12.9% in Q3 2023, driven by the absence of previous charges. Adjusted gross margin increased to 69.5%. Net loss narrowed to $18.3 million from $73.8 million in the prior year. Adjusted EBITDA was $8.1 million, down from $9.1 million in Q3 2023. The company sold 1,118 delivery systems, down from 2,140 units, reflecting a challenging macroeconomic environment. BeautyHealth revised its full-year net sales guidance to $322-$332 million and improved adjusted EBITDA guidance to -$2 to $4 million. Strategic moves included centralizing manufacturing in Long Beach and enhancing its commercial leadership.

The Beauty Health Company (NASDAQ: SKIN), known for its Hydrafacial™ brand, has scheduled its third quarter 2024 financial results announcement for Tuesday, November 12, 2024, after market close. The company will host an investor conference call at 4:30 p.m. Eastern Time following the results release. Investors can access the live webcast and supporting materials through the company's investor relations website, with a recording available approximately three hours after the call concludes.

The Beauty Health Company (NASDAQ:SKIN), known for its flagship brand Hydrafacial™, has announced a video poster abstract presentation at the upcoming American Society for Dermatologic Surgery (ASDS) meeting in Orlando, Florida from October 17-20, 2024. The presentation will focus on the efficacy and safety of Hydrafacial treatments combined with non-ablative fractional laser and intense pulsed light (IPL) full-face treatments.

CEO Marla Beck highlighted the significance of this presentation, stating that it will provide scientific validation for the complementary effects of Hydrafacial with other aesthetic treatments. The study, titled 'A Randomized, Split-face, Prospective, Study to Assess the Efficacy and Safety of Hydradermabrasion after 1927nm Non-ablative Fractional Laser or Intense Pulsed Light Full-Face Treatments', will be presented by Dr. Michael Abrouk. The abstract emphasizes the synergistic effects of Hydrafacial when combined with non-ablative laser and IPL treatments, showcasing its ability to enhance overall skin quality, hydration, and treatment outcomes.

The Beauty Health Company (NASDAQ:SKIN), known for its Hydrafacial brand, has announced two key appointments to its commercial leadership team, effective October 15, 2024. Ron Menezes will join as Chief Revenue Officer, replacing Dan Watson, while Carrie Caulkins will fill the open position of Chief Marketing Officer. Both will report to CEO Marla Beck.

Menezes, with over 20 years of experience in aesthetics and medical devices, will lead global sales, business development, and customer training. Caulkins, formerly of Galderma, will oversee global marketing initiatives for the Hydrafacial brand. These appointments aim to strengthen the company's senior leadership and drive sales and profit growth.

The Beauty Health Company (NASDAQ:SKIN), known for its Hydrafacial™ brand, has announced the Hydrafacial Glow Getter Scholarship program. This initiative aims to support aspiring and licensed estheticians in their career development within the growing field of esthetics, projected to expand 10% through 2033. In partnership with Beauty Changes Lives, the program will offer $60,000 in scholarships over two years, with applications opening on December 1, 2024.

The scholarships will provide financial tuition assistance for individuals enrolled in esthetics programs leading to licensure or certification in the US and Canada, as well as support educational advancement for currently licensed estheticians. This announcement coincides with National Esthetician Day on October 15, kicking off a week-long celebration of skin health professionals.

Hydrafacial has already trained over 40,000 estheticians globally through its HFX and HFX Business programs. In 2023, the company launched the School Partner Program, offering enhanced training curriculums and special pricing to participating esthetics schools and students.

The Beauty Health Company (NASDAQ:SKIN) has launched the Hydrafacial Hydralock HA Booster globally. This clinically proven formulation is designed to combat dehydrated, dull, and stressed skin. Key features include:

- Increases skin hydration by over 300%
- Reduces wrinkle appearance by 63% after one treatment
- Contains Triple Hyaluronic Acid Complex, Vitamin B5, and Fruit Extracts
- Delivers 24-hour moisture and glow

Clinical results show:
- 455% increase in hydration immediately after treatment
- 338% increase in hydration after 24 hours
- 57% reduction in wrinkle appearance immediately after treatment
- 63% reduction in wrinkle appearance after 24 hours

94% of participants reported more hydrated, moisturized, and brighter skin 48 hours post-treatment. The booster is now available in the UK.

The Beauty Health Company (NASDAQ:SKIN) has launched the Hydrafacial Hydralock HA Booster, a clinically proven formulation that significantly enhances skin hydration and reduces wrinkles. Key features include:

- Increases skin hydration by over 300%
- Reduces wrinkle appearance by 63% after one treatment
- Provides 24-hour moisture and glow
- Contains Triple Hyaluronic Acid Complex, Vitamin B5, and Fruit Extracts

Clinical results show:
- 455% increase in hydration immediately after treatment
- 338% increase in hydration after 24 hours
- 57% reduction in wrinkle appearance immediately
- 63% reduction in wrinkle appearance after 24 hours

94% of participants reported more hydrated, moisturized, and brighter skin 48 hours post-treatment. The booster is now available globally, expanding Hydrafacial's portfolio of customizable treatments.

The Beauty Health Company (NASDAQ: SKIN) reported Q2 2024 financial results, with net sales of $90.6 million, down 22.9% YoY. Gross margin dropped to 45.2% from 57.8%, with net income at $0.2 million. The decline is attributed to lower equipment sales amid persistent macroeconomic pressures, especially internationally. Adjusted EBITDA was a loss of $5.2 million. The company repurchased $117.3 million of convertible senior notes. Looking ahead, revised fiscal 2024 guidance projects net sales between $325-$345 million and adjusted EBITDA between -$10 million and $0 million.

CEO Marla Beck noted increased consumable sales and aggressive steps to address challenges, including offering lower-priced devices and new financing solutions. The company aims to enhance sales capabilities, operational efficiency, and expense leverage to return to profitable growth. Cash reserves stand at $349.5 million, down from $523.0 million at year-end 2023, mainly due to debt repurchases.