News

Hims & Hers Health Inc. Reports Strong Growth and Raises Revenue Guidance

1 Mins read

Shares of Hims & Hers Health Inc. (HIMS) experienced a noteworthy increase of over 3% during the extended session on Monday. The telehealth company’s improved financial performance and optimistic sales outlook for the year contributed to this positive momentum.

Financial Highlights

In the third quarter, Hims narrowed its quarterly loss to $7.6 million, or 4 cents per share. This result aligns with the FactSet consensus and represents a significant improvement from the prior year’s loss of $18.8 million, or 9 cents per share. Furthermore, the company reported an impressive 57% increase in revenue, reaching $226.7 million compared to expectations of $220 million projected by analysts polled by FactSet.

Heightened Sales Guidance

Hims & Hers Health Inc. has revised its revenue guidance for 2023, now anticipating a range of $868 million to $873 million. Moreover, the company raised its adjusted EBITDA guidance to a range between $43 million and $46 million. These upward adjustments in expectations are a testament to the positive response that Hims’ “personalized” health offerings have been receiving.

Embracing Personalization

Chief Financial Officer Yemi Okupe highlighted the significance of personalization in driving market share expansion and margin growth. By tailoring their services to meet individual needs, Hims & Hers Health Inc. has successfully carved out a unique position in the telehealth industry.

Hims & Hers Health Inc. continues to differentiate itself through its commitment to personalized healthcare, which has proven to resonate with a growing number of individuals seeking accessible and convenient health solutions.

Related posts
News

Ethereum and Chainlink Whales Accumulate MAGACOIN FINANCE Before 2025 Breakout

2 Mins read
Whale moves are shaping the crypto market once again, with massive purchases sparking new debates about which assets will dominate the next…
News

Nvidia gives lukewarm forecast, stoking fears of AI slowdown - The Boston Globe

2 Mins read
President Trump said that philanthropist George Soros and his son should be charged with racketeering for allegedly supporting violent protests “and much…
News

Bitcoin Slides as Investors Hope For Bullish Price Action - Tekedia

2 Mins read
Bitcoin has continued to extend its losing streak on Tuesday. According to CoinDesk data, the world’s largest digital asset dropped 2.6% in…

Leave a Reply

Your email address will not be published. Required fields are marked *