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Hims & Hers
🇺🇸 NYSE:HIMS
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•
Mar 31, 2024

Hims & Hers Q1 2024 Earnings Report

Reported revenue increased by 46% year-over-year, net income was $11.1 million, and subscribers grew to 1.7 million.

Key Takeaways

Hims & Hers Health, Inc. reported strong first quarter 2024 financial results with revenue of $278.2 million, a 46% increase year-over-year. The company achieved a net income of $11.1 million and subscriber growth to 1.7 million. They also raised full year 2024 guidance to a range of $1.20 billion to $1.23 billion.

Revenue reached $278.2 million, up 46% year-over-year.

Net income was $11.1 million, a significant improvement from the previous year's net loss.

Subscribers increased to 1.7 million, a 41% year-over-year growth.

Adjusted EBITDA was $32.3 million, compared to $6.1 million in the first quarter of 2023.

Total Revenue
$278M
Previous year: $191M
+45.8%
EPS
$0.05
Previous year: -$0.05
-200.0%
Subscribers
1.7M
Monthly Revenue/Subscriber
$55
Gross Profit
$229M
Previous year: $153M
+49.3%
Cash and Equivalents
$105M
Previous year: $48.7M
+115.9%
Free Cash Flow
$11.9M
Total Assets
$448M
Previous year: $376M
+19.1%

Hims & Hers

Hims & Hers

Hims & Hers Revenue by Segment

Forward Guidance

Hims & Hers provided revenue and Adjusted EBITDA guidance for Q2 2024 and full year 2024.

Positive Outlook

  • Revenue of $292 million to $297 million is expected for the second quarter 2024.
  • Adjusted EBITDA of $30 million to $35 million is expected for the second quarter 2024.
  • Adjusted EBITDA margin of 10% to 12% is expected for the second quarter 2024.
  • Revenue of $1.20 billion to $1.23 billion is expected for the full year 2024.
  • Adjusted EBITDA of $120 million to $135 million is expected for the full year 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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