Hims & Hers Health Inc

HIMS

Equity

ISIN US4330001060 / Valor 59397181

New York Stock Exchange, Inc (2024-11-21)

USD 24.15+10.8%

Hims & Hers Health Inc
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About company

Hims & Hers Health Inc. operates as a telehealth company that provides a broad range of health and wellness services through a fully online platform. The company, which boasts over 1 million subscribers, facilitates access to licensed healthcare professionals across all 50 states, including physicians, nurse practitioners, psychiatrists, dermatologists, and pharmacists. These professionals offer evidence-based treatment and care in various domains such as sexual health, skincare, mental health, and hair care. By leveraging technology, Hims & Hers Health Inc. aims to streamline the healthcare process, making it more accessible and convenient for patients to receive care. The company's model represents a shift towards more digital, patient-centered healthcare solutions, addressing key wellness areas through its online services.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Hims & Hers Health Inc. reported a significant increase in revenue for the first quarter of 2024. The company achieved a year-over-year revenue growth of 88%, reaching $190.8 million, which surpassed market expectations.

Net Income

In the first quarter of 2024, Hims & Hers Health Inc. reported a net income of $5.2 million. This marks a substantial improvement compared to the net loss of $8.9 million in the same quarter of the previous year.

Gross Margin

Hims & Hers Health Inc. achieved a gross margin of 77% in the first quarter of 2024. This represents a slight increase from the 75% gross margin reported in the first quarter of 2023, indicating improved operational efficiency.

Full-Year Guidance

Following the strong performance in the first quarter of 2024, Hims & Hers Health Inc. has raised its full-year revenue guidance. The company now expects to achieve total revenue in the range of $750 million to $770 million for the fiscal year 2024.

Customer Growth

Hims & Hers Health Inc. reported a 60% increase in the number of active subscribers in the first quarter of 2024. The company now serves over 1.2 million subscribers, reflecting the growing demand for its telehealth and wellness services.

Summarized from source with an LLMView Source

Key figures

219%1Y

230%3Y

%5Y

Performance

73.8%1Y

67.2%3Y

72.4%5Y

Volatility