Beauty Health Co. (SKIN) declared its Q4 and fiscal 2021 results on February 22, 2022. Consequently, the stock rallied in the after-hours session.
It seems investors were not sure of the company’s earnings and expected not-so-good results as the stock declined in the regular session. SKIN stock fluctuated between $12.78 and $13.60 at 2.5 million shares during regular trading. The stock closed the session at $12.84, losing a value of 4.18% or $0.56. Following the announcement, the stock rebounded to add 13.40% in the after-hours session. Hence, SKIN stock was trading at a price of $14.56 per share in the after-hours session on Tuesday.
The serum-based hydradermabrasion systems and aesthetic products manufacturer, Beauty Health Co. was founded in 1997. Currently, the company has a market capitalization of $2.01 billion with 149.64 million shares outstanding. 2022 has not been fruitful for the stock thus far, as it has lost 46.85% year to date. Comparatively, SKIN added 12.83% last year.
SKIN’s Q4 2021
In Q4 2021, the company had net sales of $77.9 million with a growth of 105.6% YOY. This compares to $37.9 million in Q4 2020.
Moreover, SKIN had an adjusted net income of $1.6 million in Q4 2021, against an adjusted net loss of $2.0 million in the year-ago quarter.
Furthermore, the company reported adjusted EBITDA of $8.5 million against $3.6 million in the prior-year period.
The company ended the quarter with cash and cash equivalents of $901.9 million on December 31, 2021. Comparatively, the same was just $9.5 million on December 31, 2020.
Future Guidance
For fiscal 2022, the company expects the net sales to be between $320.0 million and $330.0 million. The expected adjusted EBITDA for fiscal 2022 is $50.0 million approx. Additionally, $20.0 million is expected in capital expenditure for fiscal 2022.
Additions to SKIN’s Team
On January 20, 2022, the company announced the appointment of Andrew Stanleick as the President and CEO, effective February 07, 2022. In addition, he was also appointed to the company’s board of directors.
On January 10, SKIN had announced Kellie Sears as the Chief Human Resource Officer of the company.
Recent Participation
Recently, the company’s CFO participated in a fireside chat at the 2022 ICR Conference on Tuesday, January 11, 2022.
Conclusion
In conclusion, the company posted better-than-expected earnings on Tuesday. The company beat both its earnings and revenue expectations for the quarter. Greatly impressing the investors, the stock rebounded in the after-hours and soared high.
