NASDAQ$SKIN

SkinHealth Systems Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record results driven by strength in the U.S. and EMEA and significant growth in APAC.

The Beauty Health Company reported a strong third quarter with net sales of $68.1 million, a 97% increase compared to Q3 2020. The company raised its full-year guidance for net sales to $245 million to $255 million and adjusted EBITDA to $30 million.

  • Net sales increased 97% compared to Q3 2020, reaching $68.1 million.
  • Delivery Systems net sales increased to $36.2 million, compared to $15.9 million in Q3 2020.
  • Consumables net sales increased to $32.0 million, compared to $18.6 million in Q3 2020.
  • Gross margin increased to 67.6% compared to 60.6% in Q3 2020.

Headline financials

Total Revenue

$68.1M

Previous: $34.6M+97.2%
EPS (adj)

-$1.63

Previous: -$0.06-2616.7%
Gross Margin

67.6%

Previous: 60.6%+11.6%
Adjusted EBITDA

$5.8M

Previous: $7.6M-23.7%
Adjusted EBITDA Margin

8.5%

Previous: 21.9%-61.2%
Adjusted Gross Margin

71.5%

Previous: 68.3%+4.7%
Capital Expenditures

-$4.86M

Previous: $1.27M-482.7%
Free Cash Flow

-$220M

Previous: -$1.66M-13145.2%
Net Income

-$215M

Previous: -$7.49M-2771.3%
Operating Income

-$5.46M

Previous: -$4.71M-15.8%
Gross Profit

$46.1M

Previous: $23M+100.0%
Cash & Equivalents

$719M

Previous: $25K+2874388.0%
Total Assets

$998M

Previous: $438K+227928.9%
Stock-Based Comp

$5.08M

Previous: $76K+6586.8%

Revenue & EPS history

Beauty Health · Revenue · Quarterly

$68.1M

Q3 2021+97.2%vs Q3 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Beauty Health · $68.2M total across 2 segments · Q3 2021

  • Delivery Systems
    $36.2M+127.7%
  • Consumables
    $32M+72.0%

Forward guidance

BeautyHealth raised its outlook to reflect the acceleration of performance in BeautyHealth's third quarter, momentum in health and wellness, as well as confidence in its business as it executes against its growth plan.

Tailwinds

  • Net sales of $245 million to $255 million, compared to the prior guidance of $230 million to $240 million.
  • Adjusted EBITDA of approximately $30 million, compared to the prior guidance of approximately $25 million.

Headwinds

  • Achievement of the anticipated results is subject to risks and uncertainties, including those disclosed in the Company’s filings with the Securities and Exchange Commission.
  • The outlook does not take into account the impact of any unanticipated developments in the business or changes in the operating environment, nor does it take into account any unannounced acquisitions, dispositions or financings during 2021.
  • The Company remains cautious of the potential risk for further market closures or other restrictive measures from new COVID-19 strains and the uneven global rollout and adoption of vaccines, as well as inflationary headwinds related to higher raw material, shipping and labor costs.
  • BeautyHealth’s outlook assumes a largely reopened global market, which would be negatively impacted if closures or other restrictive measures persist or are reimplemented.

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 Q3 2021

Historical avgQ3 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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