NASDAQ$SKIN

SkinHealth Systems Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Achieved record sales driven by strong performance in Delivery Systems and accelerated Consumables trends, alongside strategic initiatives and brand building programs.

The Beauty Health Company reported exceptional second-quarter results with a 371.2% increase in net sales compared to Q2 2020, driven by strong performance in both Delivery Systems and Consumables. The company is raising its full-year sales guidance to $230 million to $240 million.

  • Net sales increased by 371.2% to $66.5 million compared to Q2 2020.
  • Delivery System net sales increased to $34.9 million, while Consumables net sales increased to $31.6 million.
  • Gross margin increased to 71.0% compared to 30.3% in Q2 2020.
  • Adjusted EBITDA was $11.4 million, compared to an adjusted EBITDA loss of $1.1 million in Q2 2020.

Headline financials

Total Revenue

$66.5M

Previous: $46.7M+42.6%
EPS (adj)

-$1.52

Previous: -$0.58-162.1%
Gross Margin

71.0%

Previous: 30.3%+134.3%
Adjusted EBITDA

$11.4M

Previous: -$1.1M+1136.4%
Adjusted Gross Margin

74.9%

Previous: 51.0%+46.9%
Capital Expenditures

-$4.71M

Previous: $1.32M-456.6%
Free Cash Flow

-$144M

Previous: -$13M-1012.4%
Net Income

-$139M

Previous: -$10.4M-1240.6%
Operating Income

-$26.4M

Previous: -$7.92M-232.8%
Gross Profit

$47.3M

Previous: $4.28M+1005.0%
Cash & Equivalents

$102M

Previous: $14.6M+594.2%
Total Assets

$343M

No prior period
Stock-Based Comp

$3.51M

Previous: $250K+1303.2%

Revenue & EPS history

Beauty Health · Revenue · Quarterly

$66.5M

Q2 2021+42.6%vs Q2 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Beauty Health · $66.5M total across 2 segments · Q2 2021

  • Delivery Systems
    $34.9M+481.7%
  • Consumables
    $31.6M+290.1%

Forward guidance

BeautyHealth is raising its fiscal 2021 net sales guidance to $230 million to $240 million and expects adjusted EBITDA of approximately $25 million.

Tailwinds

  • Raising fiscal 2021 net sales guidance to $230 million to $240 million.
  • Expects adjusted EBITDA of approximately $25 million.
  • Anticipates up to $15 million of capital expenditures.
  • Assumes a largely reopened global market.
  • Reinvesting in global infrastructure scaling for future growth.

Headwinds

  • Achievement of anticipated results is subject to risks and uncertainties.
  • Cautious of potential risk for further market closures or other restrictive measures from new COVID-19 strains.
  • Uneven global rollout and adoption of the vaccines may impact results.
  • Outlook does not take into account the impact of any unanticipated developments in the business or changes in the operating environment.
  • Outlook does not take into account any unannounced acquisitions, dispositions, or financings during 2021.

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 Q2 2021

Historical avgQ2 2021

+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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