Earnings release
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hydrafacial BEAUTYHEALTH " The Beauty Health Company Reports First Quarter Results for The HydraFacial Company May 13 , 2021 Record First Quarter Results Updates Fiscal 2021 Outlook LONG BEACH , Calif .-- ( BUSINESS WIRE ) -- May 13 , 2021-- The Beauty Health Company ( NASDAQ : SKIN ) , today announced first quarter 2021 financial results for The HydraFacial Company ( " HydraFacial " ) , a global category - creating beauty health company . First Quarter Financial Highlights : • As previously announced by HydraFacial , Q1 net sales of $ 47.5 million , increased 46 % and 37 % from Q1 2020 and Q1 2019 , respectively . • Q1 delivery system sales increased to $ 25.6 million , compared to $ 14.1 million in Q1 2020 and $ 17.0 million in Q1 2019 . • Q1 consumables sales increased to $ 21.9 million , compared to $ 18.5 million in Q1 2020 and $ 17.7 million in Q1 2019 . • Q1 gross margin increased to 66.8 % compared to 58.2 % in Q1 2020 and Q1 adjusted gross margin increased to 72.2 % compared to 66.3 % in Q1 2020 . • Q1 operating income was $ 2.4 million compared to an operating loss of $ 7.3 million in Q1 2020 . • Q1 net loss was $ 3.3 million compared to a net loss of $ 9.1 million in Q1 2020 . • Q1 adjusted EBITDA was $ 7.0 million compared to an adjusted EBITDA loss of $ 2.1 million in Q1 2020 . Key Operational and Business Metrics : Three months ended March 31 , ( dollars in millions ) 2021 2020 Delivery Systems net sales $ 25.6 $ 14.1 Consumables net sales $ 21.9 $ 18.5 Total net sales $ 47.5 $ 32.5 Gross profit $ 31.7 $ 18.9 Gross margin 66.8 % 58.2 % Net loss $ ( 3.3 ) $ ( 9.1 ) Adjusted EBITDA $ 7.0 $ ( 2.1 ) Adjusted EBITDA margin 14.8 % ( 6.4 ) % Adjusted gross profit $ 34.3 $ 21.6 Adjusted gross margin 72.2 % 66.3 % Brent Saunders , BeautyHealth's Executive Chairman , stated : " We are thrilled to have closed our business combination , becoming The Beauty Health Company . This is an important corporate milestone for the company and a significant event in the category we pioneered , beauty health . The capital