Hims & Hers Health, Inc.
Hims & Hers Health Reports 46% YoY Revenue Growth and Positive Net Income in Q1 2024
Summary
Hims & Hers Health, Inc. reported a 46% year-over-year increase in revenue to $278.2 million for the first quarter of 2024. The company also achieved a net income of $11.1 million and an adjusted EBITDA of $32.3 million. The number of subscribers grew by 41% to 1.7 million. The company raised its full-year 2024 guidance for revenue to a range of $1.20 billion to $1.23 billion and for adjusted EBITDA to a range of $120 million to $135 million.
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About Hims & Hers Health, Inc.
Hims & Hers Health, Inc. is a telehealth service provider that aims to simplify and enhance healthcare access for consumers. The company specializes in personal care and wellness products and services, offering both prescription and over-the-counter solutions. With a focus on destigmatizing health and wellness issues, Hims & Hers addresses areas such as dermatology, sexual health, hair care, and mental wellness, appealing to a broad demographic looking for convenient and private healthcare options. By facilitating online consultations with licensed medical professionals, the company allows users to receive medical advice, treatments, and prescriptions, all accessible from the comfort of their homes. Hims & Hers plays a significant role in the growing digital healthcare market, leveraging technology to provide more accessible and personalized healthcare experiences. Headquartered in San Francisco, the company capitalizes on the increase in demand for telehealth services, buoyed by advancements in digital health trends and the expanding e-commerce space for healthcare solutions.
Official SEC Documents
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