Hims & Hers Health stock drops about 35% from its peak
HIMS Hims & Hers Health Inc
$27.04 +8.16%
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- 1Hims & Hers Health (HIMS) shares have fallen roughly 35% from their peak as the company pivots its strategy toward branded weight-loss drugs.
- 2Management said the weight-loss business alone is on track to add more than 100,000 new subscribers per month, and revenue over the past 12 months grew 33%.
- 3A Q1 GAAP net loss of $92 million and continued gross margin pressure mean the key question is when margins will stabilize at the August 10 earnings report.
This 3-line summary is compiled from the report below.
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