Seeking Alpha February 1, 2021
Summary
- The company has had early success in building a customer base as well as infrastructure to support their demand.
- HIMS offers frictionless patient to consumer experiences that are cost efficient and comprehensive.
- Expanding product offerings, lower cost of customer acquisition, and increasing revenue per customer are strong growth supports.
Hims & Hers Health, Inc. (NYSE:HIMS) is a fast growing telehealth and mail order wellness product provider that recently went public through Oaktree’s (OAC) SPAC. The company launched in 2017 targeting the male consumer hair regrowth and erectile dysfunction markets. Many city dwellers may remember their comical ads in subways and taxis. A few months later, Hers, their female health company was launched offering...
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