The Beauty Health Company (SKIN) Stock Lawsuit Investigation
At a glance
What is The Beauty Health Company (SKIN) Securities Class Action Lawsuit Investigation about?
Gibbs Law Group is investigating potential claims on behalf of The Beauty Health Company investors.What did The Beauty Health Company do wrong?
We are investigating whether Beauty Health Company has violated federal securities laws by providing false or misleading statements to investors.What do you get out of this?
This potential lawsuit seeks to help The Beauty Health Company shareholders recover their losses.
Lost Money in The Beauty Health Company?
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Why is The Beauty Health Company Stock Dropping?
On Monday, November 13, 2023, The Beauty Health Company (NASDAQ: SKIN) published its 2023 Q3 financial results, stating that “the quarter was overshadowed by lower-than-expected U.S. revenue and $63.1 million in restructuring charges related to device upgrades of early generation Syndeo devices.” As a result, the company has suspended its long-term 2025 financial outlook, is revising its 2023 fiscal year net sales guidance to a range of $385-$400 million, and is adjusting its EBITDA margin guidance to a range of 5%-6%. Following the weak earnings results, the company announced that its president and CEO, Andrew Stanleick, is stepping down, effective November 19, 2023.
Following this news, The Beauty Health Company stock plummeted by 64% on Tuesday, November 14, 2023, causing significant harm to investors.
Our Securities Lawyers Have a Winning Record Against Companies Like The Beauty Health Company
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
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