Waldencast shares surge after strong second quarter report [Seeking Alpha]
Waldencast plc - Class A Ordinary Share (WALD)
Company Research
Source: Seeking Alpha
Shares of the company surged as much as +63% to a session high of $4.74 before retreating and coming down to +20% on the Nasdaq. "Obagi Medical saw accelerated growth in Q2 2024, driven by growth in higher margin e-commerce sales. Milk Makeup saw continued strong growth in international markets during Q2 2024," the company said in a statement. Looking ahead, the company said it expects to further accelerate H2 2024 net revenue comparable growth above the rate achieved in Q2. It also sees adjusted EBITDA for the second half of the year to exceed that of H1, both in absolute value and margin, and reaffirmed a mid-teens adjusted EBITDA margin for the full year. Obagi Medical revenue came in at $34.6M in Q2, up 31% from a year ago. Milk Makeup revenue was up 20% at $28.7M. Net loss for the three months ended June 30 narrowed to $9M, compared to a loss of $23.5M for the same period last year. Net loss improved primarily due to income related to the fair value adjustment for warran
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News
- Waldencast Reports Q3 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Waldencast Reports Q3 2024 Financial ResultsGlobeNewswire
- Waldencast PLC (WALD) Q3 2024: Everything You Need to Know Ahead of Earnings [Yahoo! Finance]Yahoo! Finance
- Waldencast plc (NASDAQ: WALD) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $6.00 price target on the stock.MarketBeat
- Waldencast plc Announces Third Quarter Fiscal 2024 Results Conference Call and WebcastGlobeNewswire
WALD
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/20/24 - Form 20-F/A
- WALD's page on the SEC website