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Beauty Health Co

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Net sales  365.9260.1119.1166.6
            Net sales growth  40.7%118.4%-28.5% 
Cost of sales  115.578.351.960.1
    Gross profit  250.3181.867.2106.5
            Gross margin  68.4%69.9%56.4%63.9%
   
Operating expenses:      
Selling and marketing  160.1111.650.361.8
Research and development  8.48.23.44.6
General and administrative  106.198.730.626.7
    Total operating expenses  274.6218.584.493.1
    Loss from operations  -24.3-36.6-17.213.5
            Operating margin  -6.6%-14.1%-14.4%8.1%
Interest income  -9.20.0  
Other (income) expense, net  1.74.50.0-0.5
Change in fair value of warrant liabilities  -78.3277.3  
Foreign currency transaction (gain) loss, net  3.20.10.0-0.2
    Income (loss) before provision for income taxes  45.0-377.4-38.5-2.9
Income tax (benefit) expense  0.6-2.2-9.3-1.3
    Net income (loss)  44.4-375.1-29.2-1.6
   
Comprehensive income (loss), net of tax:      
Foreign currency translation adjustments  -3.3-1.50.10.0
    Comprehensive income (loss)  41.1-376.6-29.1-1.6
   
Net income (loss) per share      
Basic (in dollars per share)  $0.30($3.67)($0.85)($0.05)
Diluted (in dollars per share)  ($0.23)($3.67)($0.85)($0.05)
   
Weighted average common shares outstanding      
Basic (in shares)  147.6102.134.332.1
Diluted (in shares)  148.5102.134.332.1

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