The Beauty Health Company Confirms Fiscal 2021 Outlook Ahead of the 2022 ICR Conference
The Beauty Health Company (NASDAQ:SKIN) has updated its fiscal year 2021 outlook, expecting net sales to be near the high end of previous guidance at $245 million to $255 million. The company also reiterates its adjusted EBITDA expectation of approximately $30 million. Despite facing challenges from a new COVID variant, BeautyHealth's Executive Chairman, Brent Saunders, noted resilient growth and opportunities in the beauty health sector. Risks include potential impacts from market closures and rising costs.
- Net sales expected at the high end of guidance, between $245 million to $255 million.
- Adjusted EBITDA in line with guidance at approximately $30 million.
- Resilient growth observed despite COVID variant challenges.
- Risks from potential market closures due to new COVID variants.
- Inflationary pressures from increased raw material, shipping, and labor costs.
Expects Fiscal Year 2021 Net Sales Around the High End of
For the 2021 fiscal year, the Company expects to report:
-
Net sales around the high end of prior guidance of
to$245 million .$255 million -
Adjusted EBITDA in line with prior guidance of approximately
.$30 million
BeautyHealth’s achievement of the anticipated results is subject to risks and uncertainties, including those disclosed in the Company’s filings with the
Non-GAAP Financial Measures
In addition to results determined in accordance with accounting principles generally accepted in
Adjusted EBITDA
Adjusted EBITDA is a key performance measure that management uses to assess our operating performance. Because adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure for business planning purposes.
We also believe this information will be useful for investors to facilitate comparisons of our operating performance and better identify trends in our business. We expect adjusted EBITDA to increase over the long-term, as we continue to scale our business and achieve greater leverage in our operating expenses.
We calculate adjusted EBITDA as net income (loss) adjusted to exclude: change in fair value of public and private placement warrants, change in fair value of earn-out shares liability, other (income), net; interest expense; provision for income taxes; depreciation and amortization expense; stock-based compensation expense; foreign currency gain/loss; management fees incurred from our historical private equity owners; one-time or non-recurring items such as transaction costs (including transactions costs with respect to the business combination in
About The
BeautyHealth is a category-creating beauty health company focused on bringing innovative products to market. Our flagship brand, HydraFacial, is a non-invasive and approachable beauty health platform and ecosystem with a powerful community of estheticians, consumers and partners, bridging medical and consumer retail to democratize and personalize skin care solutions for the masses. Leading the charge in beauty health as a category-creator, HydraFacial uses a unique delivery system to cleanse, extract, and hydrate with our patented hydradermabrasion technology and super serums that are made with nourishing ingredients, providing an immediate outcome and creating an instantly gratifying glow in just three steps and 30 minutes. HydraFacial® and Perk™ products are available in over 87 countries with over 19,000 Delivery Systems globally and millions of treatments performed each year. For more information, visit the brand on LinkedIn, Facebook, Instagram, or at HydraFacial.com. For more information, please visit at https://investors.beautyhealth.com/.
Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside The Beauty Health Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the inability to maintain the listing of The Beauty Health Company’s shares on Nasdaq; The Beauty Health Company’s ability to manage growth; The Beauty Health Company’s ability to execute its business plan; potential litigation involving The
View source version on businesswire.com: https://www.businesswire.com/news/home/20220110005148/en/
Investors:
Email: BeautyHealthIR@icrinc.com
Press:
Email: BeautyHealthPR@icrinc.com
Source: The
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