Shares of The Beauty Health Co. (SKIN) are soaring 32 percent on Wednesday's trading after the company recorded a 106 percent rise in fourth quarter revenues. Net loss, however, widened from last year.
During the fourth quarter, net sales rose to $77.9 million from $37.9 million in the previous-year period.
The company posted fourth quarter net loss of $17.3 million or $0.12 per share, higher than net loss of $7.5 million or $0.22 per share in the same period last year. The net loss includes the non-cash change in fair value of the warrant liabilities, which totaled $6.0 million.
Excluding items, income was $1.6 million compared to a loss of $1.9 million in the year-ago quarter, while analysts were looking for net loss of $0.02 per share in the three-month period.
Currently at $17.08, the stock has traded between $9.71 and $30.17 during the past 52 weeks.
For comments and feedback: editorial@rttnews.com