THE WHAT? The Beauty Health Company has reported its results for the fourth quarter and full year of fiscal 2021. The owner of Hydrafacial said that it had exceeded its guidance for the 12-months after a record fourth quarter, with net sales of US$77.9 million.
THE DETAILS Indeed, FY21 net sales rose 118.3 percent versus 2020 figures, and an impressive 56.2 percent on 2019 while adjusted EBITDA and adjusted EBITDA margin increased to US$32.7 million from US$7.7 million in 2020 and to 12.6 percent from 6.5 percent, respectively.
THE WHY? Q4 sales were driven by continued strength in the US and EMEA as well as significant growth in APAC despite the negative impact from COVID 19. Brent Saunders, BeautyHealth’s Executive Chairman, stated, “We are extremely pleased with our accomplishments this quarter and for the full year 2021, exceeding our guidance. Importantly, we navigated through macro challenges and COVID, delivering strong results by executing against our key strategic initiatives. Our performance is proof of the compelling opportunity we have to capture the convergence of medical aesthetics and skin care.”