NASDAQ$SKIN

SkinHealth Systems Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

BeautyHealth delivered strong growth, driven by robust demand and the successful launch of Syndeo, leading to increased full-year guidance.

BeautyHealth reported a strong first quarter with net sales increasing by 58.6% to $75.4 million. The company raised its full-year net sales guidance to $330-340 million, reflecting confidence in its growth plan.

  • Net sales increased by 58.6% to $75.4 million compared to Q1 2021.
  • Delivery Systems net sales increased to $41.6 million, driven by the successful launch of Syndeo.
  • Consumables net sales increased to $33.8 million, reflecting continued strong demand.
  • The company increased its full-year net sales guidance to $330.0 million - $340.0 million.

Headline financials

Total Revenue

$75.4M

Previous: $47.5M+58.6%
EPS (adj)

-$0.06

Previous: -$0.03-83.3%
Gross Margin

68.9%

Previous: 66.8%+3.1%
Adjusted EBITDA

$2.22M

Previous: $7M-68.3%
Adjusted EBITDA Margin

2.9%

Previous: 14.8%-80.4%
Adjusted Gross Margin

72.7%

Previous: 72.2%+0.7%
Capital Expenditures

-$3.15M

Previous: $818K-485.0%
Free Cash Flow

$29.4M

Previous: $443K+6527.1%
Net Income

$32.5M

Previous: -$3.3M+1085.1%
Operating Income

-$13M

Previous: $2.4M-640.0%
Gross Profit

$51.9M

Previous: $31.7M+63.8%
Cash & Equivalents

$859M

Previous: $14.1M+5993.9%
Total Assets

$1.2B

Previous: $464M+158.7%
Stock-Based Comp

$7.05M

Previous: $34K+20632.4%

Revenue & EPS history

Beauty Health · Revenue · Quarterly

$75.4M

Q1 2022+58.6%vs Q1 2021
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Beauty Health · $75.4M total across 2 segments · Q1 2022

  • Delivery Systems
    $41.6M+62.5%
  • Consumables
    $33.8M+54.3%

Forward guidance

BeautyHealth increased its fiscal 2022 guidance and now expects net sales in the range of $330.0 million to $340.0 million, up from the previous outlook for $320.0 million to $330.0 million. The Company also reaffirmed its outlook for adjusted EBITDA of approximately $50.0 million.

Tailwinds

  • Increased full-year net sales guidance to $330.0 million - $340.0 million.
  • Reaffirmed outlook for adjusted EBITDA of approximately $50.0 million.
  • Reflects management's confidence in the business.
  • Company executes against its growth plan.
  • Momentum in health and wellness.

Headwinds

  • Assumes no material deterioration in general market conditions.
  • Assumes no material deterioration or other factors related to COVID-19 trends.
  • Cautious of the potential risk for further market closures or other restrictive measures from existing or new COVID-19 strains.
  • Uneven global rollout and adoption of vaccines.
  • Inflationary headwinds related to higher raw material, shipping and labor costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-1.9%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+52.1%

Q1 2025

Best reaction

-61.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-29.9%-34.9%
Q4 2025+19.8%+11.3%-15.3%
Q3 2025+8.7%+3.1%+13.2%
Q1 2025+52.1%+19.4%+29.0%
Q4 2024-5.6%-9.9%-26.1%
Q3 2024+5.1%-13.1%-14.2%
Q2 2024-10.4%+0.8%+12.8%
Q1 2024-20.1%-18.4%-39.9%
Q4 2023+16.8%-0.8%+4.4%
Q3 2023-61.4%-37.2%-14.7%
Q2 2023-6.0%-12.9%-24.2%
Q1 2023-2.8%-0.2%-20.8%
Q4 2022+8.7%+13.5%+7.4%
Q3 2022-25.3%-12.3%-4.1%
Q2 2022-8.3%-8.8%-18.5%
Q1 2022-5.4%+6.6%+8.9%
Q4 2019+4.0%-4.1%-12.9%
Q4 2021+23.4%+43.1%+27.6%
Q3 2021-11.9%-8.0%-13.9%
Q2 2020+8.2%+7.4%+26.8%
Q2 2021+10.6%+23.9%+30.3%
Q1 2021+12.8%+15.9%+44.7%
Q4 2020+2.8%-0.9%-10.0%
Q3 2020
Q1 2020

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