Hims & Hers reported first-quarter results with revenue up 4% and adjusted EBITDA down 51%. Both figures landed a low-single-digit percentage below guidance midpoints. Shares fell 9% after hours.
An increasing shift to digital healthcare underpins long-term growth potential for Hims’ subscribers.
Bears
By providing weight-loss offerings after the end of the branded semaglutide shortage, albeit at personalized doses, Hims runs the risk of legal actions from big pharmaceutical counterparts like Novo Nordisk as well as regulatory actions from the FDA.
Hims & Hers Health Inc operates telehealth platforms, providing access to treatments for various chronic conditions, including those related to sexual health, hair loss, hormone health, weight loss, dermatology, and mental health, as well as services such as comprehensive laboratory testing. The company connects patients to licensed healthcare professionals who can prescribe medications, with prescriptions fulfilled online through licensed pharmacies. In addition, it offers access to various non-prescription health and wellness products. Through the Hims & Hers mobile applications, the company also offers access to educational programs, wellness content, community support, and other services that promote lifelong health and wellness. Geographically, it derives maximum revenue from the USA.