On February 22, Hims & Hers Health Inc. (HIMS) declared its financial results for Q4 and fiscal 2021. Consequently, the stock rebounded and became bullish in the after-hours session on Tuesday when the results were announced.
In the regular session, HIMS stock varied between a value of $4.15 and $4.52 at 5.69 million shares. It seems the investors were fearful for the earnings as the stock suffered a loss of 4.55% during the session. The stock closed the regular session at a value of $4.20 per share. Following the announcement, the stock made a comeback and reached up to $4.82 in the after hours. Hence, HIMS increased by 14.76% at an after-hours volume of 1.5 million shares on Tuesday.
The telehealth consultation platform operator, Hims & Hers Health Inc. was founded in 2017. Presently, its 196.63 million outstanding shares trade at a market capitalization of $902.05 million. While taking a hit of 35.88% year to date, HIMS stock has declined by 7.69% in the past five days. Further, the stock suffered a loss of 76.30% last year.
HIMS’ 2021 Financials
Revenue
The company reported revenue of $84.7 million and $271.9 million for Q4 and fiscal 2021, respectively. The respective increase in the revenue was 104% YOY and 83% YOY.
Net Loss
Moreover, HIMS incurred a net loss of $31.2 million in Q4 and $107.7 million in fiscal 2021. This compares to a respective net loss of $$5.2 million and $18.1 million in Q4 and fiscal 2020.
Adjusted EBITDA
Furthermore, the company had adjusted EBITDA loss of $7.1 million in Q4 2021, against $3.1 million in the year-ago period. The adjusted EBITDA loss was $30.1 million and $8.1 million in fiscal 2021 and 2020, respectively.
2022 Outlook
For Q1 2022, the company expects revenue of $90-$93 million and an adjusted EBITDA loss of $12-$10 million.
Additionally, for fiscal 2022, the expected revenue is $365-$380 million with an adjusted EBITDA loss of $30-$20 million.
HIMS’ Collaboration with GNC
On February 15, the company announced its partnership with GNC Holdings LLC for consumer health and wellness solutions at select GNC stores. In addition, the partnership also includes the services online at GNC.com.
Conclusion
While the company missed the earnings expectations, it beat the revenue in the latest report. Thus, the investors were happy about the revenue growth in the quarter. And so, the stock became bullish in the after-hours on Friday on the latest earnings.
