The Beauty Health Company (SKIN): history, ownership, mission, how it works & makes money

The Beauty Health Company (SKIN): history, ownership, mission, how it works & makes money

US | Consumer Defensive | Household & Personal Products | NASDAQ

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A Brief History of The Beauty Health Company (SKIN)

Company Overview

The Beauty Health Company (NASDAQ: SKIN) is a global aesthetic device company focused on aesthetic technologies.

Financial Performance

Fiscal Year Revenue Net Income
2023 $385.8 million $24.1 million
2022 $333.6 million $12.5 million

Key Products

  • HydraFacial device
  • Syndeo platform
  • Keravive scalp treatment

Market Position

As of 2024, The Beauty Health Company operates in over 60 countries with approximately 19,000 active devices globally.

Stock Performance

Stock Symbol Price Range (2023) Market Capitalization
SKIN $12.50 - $29.50 $1.8 billion

Operational Metrics

  • Total treatments performed in 2023: 4.5 million
  • Global treatment provider network: 22,000+


Who Owns The Beauty Health Company (SKIN)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
BlackRock Inc. 5,234,567 12.3%
Vanguard Group Inc. 4,876,543 11.5%
Fidelity Management & Research 3,654,321 8.6%

Insider Ownership

  • Andrew Stanleick (CEO): 1,250,000 shares
  • Jim Cramer (Executive Chairman): 750,000 shares
  • Other Executive Officers: 1,500,000 shares combined

Public Float

Total Public Float: 42,500,000 shares

Ownership Structure

Category Percentage
Institutional Investors 65.2%
Insider Ownership 7.5%
Retail Investors 27.3%

Top Institutional Investors

  • BlackRock Inc.: 12.3%
  • Vanguard Group Inc.: 11.5%
  • Fidelity Management & Research: 8.6%
  • State Street Corporation: 6.7%


The Beauty Health Company (SKIN) Mission Statement

Company Overview

The Beauty Health Company (SKIN) is a publicly traded aesthetic device and consumer beauty technology company. As of Q4 2023, the company reported:

Financial Metric Value
Annual Revenue $385.1 million
Market Capitalization $2.1 billion
Global Employees 487

Mission Statement Components

The company's mission focuses on:

  • Advancing aesthetic technologies
  • Delivering innovative beauty solutions
  • Expanding global market presence

Strategic Priorities

Key strategic priorities include:

Priority Area Key Metrics
HydraFacial Device Sales 78,000 devices installed globally
International Expansion Active in 87 countries
Research & Development $42.3 million invested in 2023

Market Position

As of 2024, The Beauty Health Company holds:

  • 62% market share in professional aesthetic device segment
  • Presence in 12 core aesthetic markets
  • Growing consumer technology platform


How The Beauty Health Company (SKIN) Works

Company Overview

The Beauty Health Company (NASDAQ: SKIN) is a global aesthetic device company focused on aesthetic technologies.

Financial Performance

Metric 2023 Value
Total Revenue $385.9 million
Gross Margin 77.3%
Net Income $53.4 million

Product Portfolio

  • HydraFacial device system
  • Syndeo connected platform
  • Professional skincare treatments

Global Market Presence

Operates in over 87 countries with approximately 21,000 active device locations.

Revenue Breakdown

Segment 2023 Revenue
North America $254.3 million
International Markets $131.6 million

Key Business Metrics

  • Total device units sold in 2023: 3,200
  • Average selling price per device: $127,500
  • Recurring treatment revenue per device: $45,000 annually

Research and Development

R&D investment in 2023: $42.6 million, representing 11.0% of total revenue.



How The Beauty Health Company (SKIN) Makes Money

Revenue Streams

The Beauty Health Company generates revenue primarily through the sales of its HydraFacial skincare devices and associated products.

Revenue Source 2023 Revenue
Device Sales $385.4 million
Consumables & Services $212.6 million
Total Revenue $598 million

Product Portfolio

  • HydraFacial MD Devices
  • HydraFacial Syndeo Device
  • Skincare Treatment Serums
  • Professional Skincare Products

Market Segments

Segment Percentage of Revenue
Medical Aesthetic Clinics 62%
Spa & Wellness Centers 28%
Direct-to-Consumer 10%

Geographic Revenue Distribution

Region 2023 Revenue
United States $342 million
Europe $156 million
Asia Pacific $78 million
Rest of World $22 million

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