Hims & Hers Jumps on Personalization, Weight-Loss Program Demand
- Sees “early signs of traction” for weight-loss program
- Telehealth provider’s forecast, results beat estimates
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Hims & Hers Health Inc. jumped as much as 21% in postmarket trading Monday after it reported 2024 forecasts above estimates, banking on demand for personalized treatments and its new weight loss program.
The San Francisco-based company is forecasting revenue of $1.17 billion to $1.2 billion in 2024, up from $872 million last year. It’s on track to hit its first year of positive net income in 2024, Chief Executive Officer Andrew Dudum said in an earnings call.