Why Beauty Health Stock Skyrocketed Today
Shares of The Beauty Health Company (NASDAQ: SKIN) soared 28.8% on Wednesday after the skincare company delivered impressive fourth-quarter growth metrics.
Beauty Health's net sales surged 105.6% year over year to $77.9 million, fueled by strong growth in the U.S. and international markets.
The company's razor-and-blades strategy is bearing fruit. Beauty Health sold more than 1,800 delivery systems -- which enable aestheticians to provide HydraFacial hydradermabrasion procedures -- in the fourth quarter and a total of 6,191 in 2021. Its delivery systems net sales, in turn, jumped 145% to $42.7 million.
Source Fool.com
