Earnings release
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hydrafacial BEAUTYHEALTH " The Beauty Health Company Reports Record Second Quarter 2021 Financial Results August 10 , 2021 Raises Full Year 2021 Sales Guidance LONG BEACH , Calif .-- ( BUSINESS WIRE ) -- Aug . 10 , 2021-- The Beauty Health Company ( " BeautyHealth " or the " Company " ; NASDAQ : SKIN ) , a global category - creator in beauty health leading the charge with its flagship brand HydraFacial , today announced financial results for the second quarter ended June 30 , 2021 . Clint Carnell , Beauty Health's CEO , stated : " Our second quarter results reflect exceptional performance in both sales and adjusted EBITDA . We achieved strong sales in our Delivery Systems , and trends in our Consumables accelerated as COVID - 19 restrictions lifted and more of our partners reopened . The key strategic initiatives implemented late last year are taking shape , and are further strengthened by the underlying trends in consumer behavior towards health and wellness , a shift we believe is lasting . We accelerated our investments in brand building programs , which forged significant progress on our vision of strengthening our connection with our consumers and further enhancing our BeautyHealth community . " " As a result of our strong performance to date combined with our expectations for the second half of this year , we are raising our top - line guidance for the full year to a range of $ 230 million to $ 240 million , barring any deterioration related to COVID - 19 trends . A significant priority is to use our outsized revenue growth to increase investments in our branding and infrastructure initiatives , accelerating our positioning in this nascent global beauty health category , " concluded Mr. Carnell . Key Operational and Business Metrics Three Months Ended June 30 , Six Months Ended June 30 , ( dollars in millions ) 2021 2020 2021 2020 Delivery Systems net sales $ 34.9 $ 6.0 $ 60.6 $ 20.1 Consumables net sales $ 31.6 $ 8.1 $ 53.4 $ 26.6 Total net sales $ 66.5 $ 14.1 $ 114.0 $ 46.7 Gross profit $ 47.3 $ 4.3 $ 79.0 $ 23.2 Gross margin 71.0 % 30.3 % 69.3 % 49.7 % Net loss $ ( 139.4 ) $ ( 10.4 ) $ ( 142.7 ) $ ( 19.5 ) Adjusted net income ( loss ) $ 7.8 $ ( 5.7 ) $ 7.7 $ ( 11.0 ) Adjusted EBITDA ( loss ) $ 11.4 $ ( 1.1 ) $ 18.4 $ ( 3.2 Adjusted EBITDA margin 17.1 % ( 7.7 ) % 16.1 % ( 6.8 ) % Adjusted gross profit $ 49.8 $ 7.2 $ 84.1 $ 28.8 Adjusted gross margin 74.9 % 51.0 % 73.8 % 61.7 % Second Quarter 2021 Summary • Net sales of $ 66.5 million increased 371.2 % compared to $ 14.1 million in Q2 2020 and 57.1 % compared to $ 42.3 million in Q2 2019 , driven by continued strength in the U.S. and EMEA , as well as significant growth in APAC . • Delivery System net sales increased to $ 34.9 million , compared to $ 6.0 million in Q2 2020 and $ 20.9 million in Q2