Q4 revenue $246m up 47% from prior year
Q4 net income $1.2m compared to net LOSS of $11m prior year
Full year revenue of $872m up 65% from prior year
Full year net loss of $23.5m compared to net loss of $65.7m prior year
A few other key points is subscriber growth of 48% y/y up to 1.5m subscribers. Monthly spend per subscriber up 2% to $54.
$HIMS is projecting positive net income for year 2024 with revenue between $1.17-1.2B, 34%-38% top line growth.
I started investing in HIMS around 4 months ago. I saw how fast their subscriber and revenue growth was. As an old Gen Z I’ve noticed so many people who use HIMS and I think it’ll be sticky as once it’s on autopay/deliver people tend to not change. It’s also high margins (60% ish) and in Q4 they started selling weight loss drugs which is the new trend.
