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Income Statement
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Beauty Health Co

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Net sales  390.7376.7365.9345.6325.0288.0260.1220.1
            Net sales growth  20.2%30.8%40.7%57.1%74.3%114.7%200.5% 
Cost of sales  142.0125.8118.2106.4101.287.078.372.0
    Gross profit  248.7250.9247.7239.3223.8201.0181.8148.1
            Gross margin  63.7%66.6%67.7%69.2%68.9%69.8%69.9%67.3%
   
Operating expenses:          
Selling and marketing  160.5162.4160.1158.1148.8130.1110.889.7
Research and development  8.88.68.48.98.69.08.27.2
General and administrative  117.7110.2106.1102.798.1114.999.585.4
    Total operating expenses  287.1281.1274.6269.7255.5254.0218.5182.2
    Loss from operations  -38.4-30.2-26.9-30.4-31.7-53.0-36.6-34.1
            Operating margin  -9.8%-8.0%-7.4%-8.8%-9.8%-18.4%-14.1%-15.5%
Interest expense, net  -6.8-6.6  -6.6-3.4  
Interest income  -10.0-5.1  -0.70.0  
Other (income) expense, net  1.91.02.4-2.30.25.44.54.4
Change in fair value of warrant liabilities  -13.6-17.2-78.3-65.5138.1225.3277.3271.3
Foreign currency transaction (gain) loss, net  1.84.43.21.21.7-0.60.10.5
    Income (loss) before provision for income taxes  -22.9-17.742.423.5-192.1-339.7-377.4-371.6
Income tax (benefit) expense  -7.9-5.60.62.92.60.7-2.2-6.4
    Net income (loss)  -15.0-12.041.720.6-194.7-340.4-375.1-365.3
   
Comprehensive income (loss), net of tax:          
Foreign currency translation adjustments  1.1-2.2-3.3-5.1-5.1-1.6-1.5-1.8
    Comprehensive income (loss)  -13.9-14.338.415.4-199.7-342.0-376.6-367.0
   
Net income (loss) per share          
Basic (in dollars per share)  ($0.11)($0.10)$0.28 ($0.95)($2.51)($2.81)($3.45)
Diluted (in dollars per share)  ($0.20)($0.29)($0.25)$0.21($1.39)($2.85)($2.81)($3.45)
   
Weighted average common shares outstanding          
Basic (in shares)  140.9145.4149.9138.6133.9119.290.473.5
Diluted (in shares)  141.3146.0151.1139.5134.7119.790.473.5

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