Hims & Hers Health reports Q1 GAAP EPS of -$0.40 and $608.1M revenue, missing estimates and year-ago figures.
Hims & Hers Health (HIMS) dropped approximately 11% in after-hours trading following weaker-than-expected Q1 results. The company posted a GAAP EPS loss of $0.40, compared to a $0.20 profit in the same period last year.
Revenue reached $608.1M, up just 4% year-over-year, falling short of market expectations. The year-ago quarter had set a higher benchmark for both earnings and revenue growth.
The decline in after-hours trading reflects investor disappointment with the company’s financial performance.