Fierce Healthcare August 6, 2024
Hims & Hers launched a virtual weight management program in December, adding injectable weight loss drugs in May, and that investment is quickly paying off.
The online health and wellness company’s quarterly revenue jumped 52% year over year to $315.6 million, sailing past the $304.2 million Wall Street analysts were expecting. A year ago, the company brought in revenue of $207.9 million.
Hims & Hers reported net income of $13.3 million, or 6 cents per share on an adjusted basis, topping Wall Street estimates of 4 cents in earnings per share. That compares to a loss of $7.3 million a year ago.
Adjusted EBITDA was $39.3 million for the second quarter of 2024 compared to $10.6 million for the second...
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