The Beauty Health Company - SKIN STOCK NEWS

Beauty Health Company (NASDAQ:SKIN) reported exceptional second-quarter results for 2021, with net sales of $66.5 million, a 371.2% increase year-over-year. Delivery Systems and Consumables net sales reached $34.9 million and $31.6 million, respectively. Adjusted EBITDA rose to $11.4 million, up from a loss of $1.1 million in Q2 2020. The company raised its 2021 sales guidance to $230-$240 million, reflecting strong trends post-COVID-19. However, a net loss of $139.4 million was reported due to one-time expenses and changes in liability values.

The Beauty Health Company (NASDAQ: SKIN) has announced the appointments of Ben Baum as Chief Experience Officer and Stephan Becker as President of EMEA. Baum, with over 20 years in apparel and technology, will focus on the company’s digital transformation and customer experience. Becker, joining from Kao Group, has extensive international experience in brand expansion and sales growth. Both leaders aim to strengthen BeautyHealth's global presence and enhance consumer engagement within the rapidly evolving beauty health sector.

The Beauty Health Company (NASDAQ:SKIN) will report its second quarter 2021 financial results on August 10, 2021, after market close, followed by a conference call at 4:30 p.m. ET. Interested participants can join by calling the provided numbers and using the conference ID. CEO Clint Carnell and CFO Liyuan Woo will also present at Canaccord Genuity’s 41st Annual Growth Conference on August 11, 2021, at 11:30 a.m. ET. The company's flagship brand, HydraFacial, focuses on non-invasive beauty health solutions available in over 87 countries.

The Beauty Health Company (NASDAQ:SKIN) announced its inclusion in the Russell 3000® and Russell 2000® Indexes, effective June 28, 2021. This milestone enhances investor visibility and solidifies the company’s presence in the public markets. The Russell indexes rank the largest US stocks based on market capitalization. CEO Clint Carnell expressed optimism about the company’s growth trajectory, emphasizing ongoing global expansion and innovation in product offerings. Membership in these indexes is significant for attracting institutional investment, as approximately $10.6 trillion in assets benchmark against Russell indexes.

The Beauty Health Company (NASDAQ: SKIN) announced the acquisition of four international distributors for HydraFacial, costing approximately $35 million—$28 million in cash and $7 million in stock. This move is expected to enhance their market presence in Germany, Australia, France, and Mexico. The transactions are projected to be accretive to earnings and are in line with their 2021 growth outlook. CEO Clint Carnell emphasized the benefits of direct management relationships with distributors, aiming for increased brand engagement and consumer experiences.

HydraFacial, a BeautyHealth company (NASDAQ:SKIN), initiated the #GLOWvolution tour, a four-month coast-to-coast event that began June 4-7 in Miami, Florida. This tour aims to offer complimentary HydraFacial treatments, connecting with consumers in major markets like Atlanta, Austin, and San Francisco. The tour features a fully branded mobile spa with 13 treatment chairs, providing an engaging experience and introducing new customers to HydraFacial's benefits. CEO Clint Carnell emphasized the tour's goal to empower and inspire consumers while expanding awareness of the brand.

The Beauty Health Company (NASDAQ:SKIN) has announced the participation of its senior management in two upcoming virtual investor conferences. The Goldman Sachs Annual Global Healthcare Conference will take place on June 10, 2021, at 3:00 p.m. ET, and the Jefferies Virtual Consumer Conference is set for June 22, 2021, at 4:25 p.m. ET. Interested parties can access a webcast of the presentations on the investor relations section of the BeautyHealth website, with an archived replay available afterward.

The Beauty Health Company (NASDAQ: SKIN) announced it received a notice from Nasdaq due to failure to timely file its Quarterly Report for the period ended March 31, 2021. Despite this, SKIN will continue trading on the Nasdaq Capital Market. The company plans to restate its financial statements following SEC guidance, impacting its previously classified warrants. Beauty Health now has 60 days to submit a compliance plan to Nasdaq, which could extend their compliance period by up to 180 days. The company's business combination with HydraFacial was completed, marking its shift to a beauty health brand.

The Beauty Health Company (NASDAQ: SKIN) reported first quarter 2021 results for HydraFacial, showing strong growth. Net sales reached $47.5 million, up 46% year-over-year, driven by a rise in delivery system sales to $25.6 million and consumables sales of $21.9 million. Gross margin improved to 66.8%, while operating income was $2.4 million compared to a loss of $7.3 million in Q1 2020. However, the company still posted a net loss of $3.3 million, though this was an improvement from $9.1 million in the same quarter last year.