{"id":61625,"date":"2024-11-13T00:05:16","date_gmt":"2024-11-13T00:05:16","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/11\/13\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/"},"modified":"2024-11-13T00:05:16","modified_gmt":"2024-11-13T00:05:16","slug":"the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/","title":{"rendered":"The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook"},"content":{"rendered":"
\n

Achieves Record Revenue of <\/strong>$99 million<\/strong>, an Increase of <\/strong>15%<\/strong> from Prior Year Quarter
<\/strong>Delivers Positive Net Income, an Increase of $8 million from Prior Year Quarter
<\/strong>Expands Gross Margin <\/strong>710<\/strong> Basis Points to <\/strong>39<\/strong>% Versus Prior Year Quarter
<\/strong>Raises Full Year 2024 Revenue and Adjusted EBITDA Outlook<\/strong><\/p>\n

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) — The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today reported financial results for the three and nine months ended September\u00a030, 2024 compared to the three and nine months ended September\u00a030, 2023.<\/p>\n

\u201cOur strong third quarter results are a clear reflection of the power of the Honest brand and the strength of the Honest team that has executed our strategy and Transformation Initiative with discipline and excellence. Our ability to grow profitably is evidenced in our results — with double digit revenue growth reaching an all-time high, significant expansion in gross margin, and positive net income for the period,\u201d said Chief Executive Officer, Carla Vern\u00f3n. \u201cWe are confident that our long-term growth strategy will continue to allow us to scale across our categories, meeting the growing consumer demand for cleanly-formulated and sustainably-designed products across our portfolio. With our recent performance, continued positive momentum, and overall strength of the Honest brand going into the final quarter of the year, we are again raising our full year financial outlook.\u201d<\/p>\n

Third<\/strong> Quarter Results<\/strong>
(All comparisons are versus the <\/em><\/strong>third<\/em><\/strong> quarter of <\/em><\/strong>2023<\/em><\/strong>)<\/em><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nFor the three months ended <\/strong>September 30,<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a02024<\/strong><\/td>\n\u00a0<\/td>\n\u00a02023<\/strong><\/td>\n\u00a0<\/td>\nChange <\/strong><\/td>\n\u00a0<\/td>\n<\/tr>\n
(In thousands, except percentages)<\/em><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$<\/td>\n99,237<\/td>\n\u00a0<\/td>\n$<\/td>\n86,169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.2<\/td>\n%<\/td>\n<\/tr>\n
Gross margin<\/td>\n\u00a0<\/td>\n38.7<\/td>\n%<\/td>\n\u00a0<\/td>\n31.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n710<\/td>\nbps<\/td>\n<\/tr>\n
Operating expenses<\/td>\n$<\/td>\n38,339<\/td>\n\u00a0<\/td>\n$<\/td>\n35,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,142<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n165<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,098<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n8,263<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA(1)<\/sup><\/td>\n$<\/td>\n7,079<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,056<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n8,135<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income margin<\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA Margin(1)<\/sup><\/td>\n\u00a0<\/td>\n7.1<\/td>\n%<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Revenue <\/strong>increased 15% to $99 million compared to $86 million, driven by strong performance across our baby products and wipes portfolios. Tracked channel consumption(2) <\/sup>for the Company grew 9.3% outperforming the comparative categories which were down 2.4% in the same period. Consumption(3)<\/sup> for the Company\u2019s products at the Company\u2019s largest digital customer increased 19%.
______________
(1) See the reconciliation of adjusted EBITDA and adjusted EBITDA Margin, a non-GAAP financial measure, to net income (loss) in the table under \u201cUse of Non-GAAP Financial Measures\u201d below in this press release.<\/sup>
(2) According to Circana, Inc. tracked channel consumption data. Reflects consumption for diapers, wipes, baby personal care, skin care and cosmetics items for the latest 13 weeks ended September 29, 2024.<\/sup>
(3) According to Fuelcomm, Inc. (\u201cStackline\u201d) consumption data for our largest digital customer for the 13 weeks ended September 28, 2024.<\/sup><\/p>\n

Gross margin <\/strong>expanded 710 basis points to 38.7% compared to 31.6%. This growth was primarily driven by improvements across most of the cost structure, including supply chain and product cost efficiencies, as well as efficient trade spend.<\/p>\n

Operating expenses <\/strong>increased $3 million to $38 million, reflecting a decrease of 221 basis points, as a percentage of revenue. The Company continues to maintain expense discipline across the enterprise with selling, general & administrative expenses as a percentage of revenue decreasing 441 basis points, partially offset by increased investment in retail marketing to drive our Brand Maximization pillar.<\/p>\n

Net income<\/strong> increased $8 million to $165 thousand compared to a net loss of $8 million. Increased net revenue and expansion in gross margin more than offset increased operating expenses to deliver positive net income in the quarter.<\/p>\n

Adjusted EBITDA<\/strong>(1)<\/sup> was positive $7 million compared to negative $1 million. This represents the Company\u2019s fourth consecutive quarter of positive adjusted EBITDA.
________________
(1) See the reconciliation of adjusted EBITDA and Adjusted EBITDA Margin, a non-GAAP financial measure, to net income (loss) in the table under \u201cUse of Non-GAAP Financial Measures\u201d below in this press release.<\/sup><\/p>\n

Balance Sheet and Cash Flow <\/strong><\/p>\n

The Company ended the third quarter of 2024 with $53 million in cash and cash equivalents, a sequential increase of $17 million from the second quarter of 2024 and an increase of $30 million compared to the third quarter of 2023. The Company had no debt on its balance sheet as of September\u00a030, 2024.<\/p>\n

Net cash provided by operating activities was $18 million for the first nine months of 2024, compared to $9 million in the prior year period.<\/p>\n

Updated Full Year 2024 Outlook <\/strong><\/p>\n

Based on strong performance in the first three quarters of the year, we are increasing our full year 2024 outlook for both revenue and Adjusted EBITDA.<\/p>\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\nCurrent Outlook<\/strong><\/td>\n\u00a0<\/td>\nPrior Outlook (as of Q2 2024)<\/strong><\/td>\n<\/tr>\n
Revenue<\/strong><\/td>\n\u00a0<\/td>\nHigh Single Digit percentage growth
(versus Full Year 2023)<\/em><\/td>\n		\u00a0<\/td>\nMid-to-High Single Digit percentage growth
(versus Full Year 2023)<\/em><\/td>\n<\/tr>\n
Adjusted EBITDA<\/strong>(1)<\/strong><\/sup><\/td>\n\u00a0<\/td>\n$20 million to $22 million range<\/td>\n\u00a0<\/td>\n$15 million to $18 million range<\/td>\n<\/tr>\n<\/table>\n

____________<\/p>\n

(1) We do not provide guidance for the most directly comparable GAAP measure, net income (loss), and similarly cannot provide a reconciliation between our adjusted EBITDA outlook and net income (loss) without unreasonable effort due to the unavailability of reliable estimates for certain components of net income (loss), including interest and other (income) expense, net, and the respective reconciliations. These items are not within our control and may vary greatly between periods and could significantly impact our financial results calculated in accordance with GAAP.<\/sup><\/p>\n

Webcast and Conference Call Information<\/strong><\/p>\n

A webcast and conference call to discuss third quarter 2024 results is scheduled for today, November\u00a012, 2024, at 1:30 p.m. Pacific time\/4:30 p.m. Eastern time. Those interested in participating in the conference call by phone, please go to this link https:\/\/register.vevent.com\/register\/BI05f7626bb1a14d23b819b1fec89c6138<\/a><\/u>\u00a0and you will be provided with dial in details. A live webcast of the conference call will be available online at: https:\/\/investors.honest.com<\/a><\/u>\u00a0or https:\/\/edge.media-server.com\/mmc\/p\/tt3gkzq2<\/a><\/u>. A replay of the webcast will be available on the Company\u2019s website for one year.<\/p>\n

Forward-Looking Statements<\/strong><\/p>\n

This press release and earnings call referencing this press release contain forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release are forward-looking statements. Such statements may address the Company\u2019s expectations regarding revenue, profit margin or other future financial performance and liquidity, other performance measures and cost savings, strategic initiatives and future operations or operating results. In some cases, you can identify forward-looking statements because they contain words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill\u201d or \u201cwould\u201d or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning our expectations regarding future results of operations and financial condition, including our revenue and adjusted EBITDA outlook for 2024; our ability to achieve or sustain profitability and generate positive cash flow; continued positive momentum in our business and strength of the Honest brand; our ability to execute on, and the continued benefits of, our Transformation Pillars of Brand Maximization, Margin Enhancement, and our long-term growth strategy and Operating Discipline; and other business strategies, plans and objectives of management for future operations.\u00a0\u00a0<\/p>\n

You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release and the earnings call referencing this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition and operating results.<\/p>\n

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described in the section titled \u201cRisk Factors\u201d in the Annual Report, on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission on March 8, 2024, and subsequent filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release or the earnings call referencing this press release. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.<\/p>\n

In addition, statements that contain \u201cwe believe\u201d and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. While we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.<\/p>\n

The forward-looking statements made in this press release and the earnings call referencing this press release relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments.<\/p>\n

About The Honest Company<\/strong><\/p>\n

The Honest Company (NASDAQ: HNST) is a personal care company dedicated to creating cleanly-formulated and sustainably-designed products spanning categories across diapers, wipes, baby personal care, beauty, apparel, household care and wellness. Launched in 2012, the Company is on a mission to challenge ingredients, ideals, and industries through the power of the Honest brand, the Honest team, and the Honest Standard. For more information about the Honest Standard and the Company, please visit www.honest.com.<\/p>\n

Investor Inquiries:<\/strong>
investors@thehonestcompany.com<\/a>\u00a0<\/p>\n

Media Contact: <\/strong>
Brenna Israel Mast
bisrael@thehonestcompany.com<\/a>\u00a0<\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
The Honest Company, Inc.<\/strong><\/td>\n<\/tr>\n
Condensed Consolidated Statements of Comprehensive Income (Loss)<\/strong><\/td>\n<\/tr>\n
(Unaudited)<\/em><\/td>\n<\/tr>\n
(in thousands, except share and per share amounts)<\/em><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFor the three months ended
September 30,<\/strong><\/td>\n		\u00a0<\/td>\nFor the nine months ended
September 30,<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a02024<\/strong><\/td>\n\u00a0<\/td>\n\u00a02023<\/strong>\u00a0<\/td>\n\u00a0<\/td>\n\u00a02024<\/strong>\u00a0<\/td>\n\u00a0<\/td>\n\u00a02023<\/strong>\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$<\/td>\n99,237<\/td>\n\u00a0<\/td>\n$<\/td>\n86,169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n278,503<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n254,101<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenue<\/td>\n\u00a0<\/td>\n60,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n172,613<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183,796<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n38,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,205<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,890<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,305<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n23,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,995<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketing<\/td>\n\u00a0<\/td>\n13,170<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,778<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,605<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restructuring<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,104<\/td>\n\u00a0<\/td>\n<\/tr>\n
Research and development<\/td>\n\u00a0<\/td>\n1,742<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,584<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,137<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,638<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n38,339<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111,192<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110,342<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income (loss)<\/td>\n\u00a0<\/td>\n57<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,992<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,302<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,037<\/td>\n)<\/td>\n<\/tr>\n
Interest and other income (expense), net<\/td>\n\u00a0<\/td>\n127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(71<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269<\/td>\n)<\/td>\n<\/tr>\n
Income (loss) before provision for income taxes<\/td>\n\u00a0<\/td>\n184<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,063<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,258<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,306<\/td>\n)<\/td>\n<\/tr>\n
Income tax provision<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n165<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,098<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,381<\/td>\n)<\/td>\n<\/tr>\n
Net income (loss) per share attributable to common stockholders:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n$<\/td>\n0.00<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.09<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.05<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.43<\/td>\n)<\/td>\n<\/tr>\n
Diluted<\/td>\n$<\/td>\n0.00<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.09<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.05<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.43<\/td>\n)<\/td>\n<\/tr>\n
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n100,690,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95,179,604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,688,196<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,137,244<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n104,588,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95,179,604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,688,196<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,137,244<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unrealized gain (loss) on short-term investments, net of taxes<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33<\/td>\n\u00a0<\/td>\n<\/tr>\n
Comprehensive income (loss)<\/td>\n$<\/td>\n165<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,098<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,348<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
The Honest Company, Inc.<\/strong><\/td>\n<\/tr>\n
Condensed Consolidated Balance Sheets<\/strong><\/td>\n<\/tr>\n
(Unaudited)<\/em><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSeptember 30, 2024<\/strong><\/td>\n\u00a0<\/td>\nDecember 31, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Assets<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n53,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,827<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\u00a0<\/td>\n36,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,084<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n74,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,490<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n8,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,371<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n173,302<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n157,772<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease right-of-use asset<\/td>\n\u00a0<\/td>\n18,868<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,683<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net<\/td>\n\u00a0<\/td>\n11,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,486<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n2,230<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,230<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n253<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n309<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n2,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,141<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n209,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n201,621<\/td>\n\u00a0<\/td>\n<\/tr>\n
Liabilities and Stockholders\u2019 Equity <\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n$<\/td>\n24,353<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n22,289<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\u00a0<\/td>\n33,972<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,209<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n1,650<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,212<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n59,975<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,710<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities, net of current portion<\/td>\n\u00a0<\/td>\n15,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,738<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n75,335<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,482<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingencies<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September\u00a030, 2024 and December\u00a031, 2023, none issued or outstanding as of September\u00a030, 2024 and December\u00a031, 2023<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at September\u00a030, 2024 and December\u00a031, 2023; 101,203,839 and 95,868,421 shares issued and outstanding as of September\u00a030, 2024 and December\u00a031, 2023, respectively<\/td>\n\u00a0<\/td>\n10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n618,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n602,198<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n(484,383<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(479,068<\/td>\n)<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n133,868<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123,139<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders\u2019 equity<\/td>\n$<\/td>\n209,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n201,621<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
The Honest Company, Inc.<\/strong><\/td>\n<\/tr>\n
Condensed Consolidated Statements of Cash Flows<\/strong><\/td>\n<\/tr>\n
(Unaudited)<\/em><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFor the nine months ended September 30,<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a02024<\/strong>\u00a0<\/td>\n\u00a0<\/td>\n\u00a02023<\/strong>\u00a0<\/td>\n<\/tr>\n
Cash flows from operating activities<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n$<\/td>\n(5,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,381<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net loss to net cash provided by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n2,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,021<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n13,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,892<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n6,395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,680<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\u00a0<\/td>\n6,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,132<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n(1,229<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,158<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n(1,143<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,498<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable, accrued expenses and other long-term liabilities<\/td>\n\u00a0<\/td>\n3,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,875<\/td>\n)<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n(561<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,046<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n(6,052<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,740<\/td>\n)<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n18,366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,431<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash flows from investing activities<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from maturities of short-term investments<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,683<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchases of property and equipment<\/td>\n\u00a0<\/td>\n(184<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,588<\/td>\n)<\/td>\n<\/tr>\n
Net cash (used in) provided by investing activities<\/td>\n\u00a0<\/td>\n(184<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,095<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash flows from financing activities<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from exercise of stock options<\/td>\n\u00a0<\/td>\n2,364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from 2021 ESPP<\/td>\n\u00a0<\/td>\n86<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments on finance lease liabilities<\/td>\n\u00a0<\/td>\n(18<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(46<\/td>\n)<\/td>\n<\/tr>\n
Net cash provided by financing activities<\/td>\n\u00a0<\/td>\n2,432<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net increase in cash and cash equivalents<\/td>\n\u00a0<\/td>\n20,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,586<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Beginning of the period<\/td>\n\u00a0<\/td>\n32,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,517<\/td>\n\u00a0<\/td>\n<\/tr>\n
End of the period<\/td>\n$<\/td>\n53,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23,103<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Supplemental disclosures of noncash activities<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Capital expenditures included in accounts payable and accrued expenses<\/td>\n$<\/td>\n72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The Honest Company, Inc.<\/strong>
Use of Non-GAAP Financial Measures <\/strong><\/p>\n

We prepare and present our condensed consolidated financial statements in accordance with GAAP. However, management believes that adjusted EBITDA and adjusted EBITDA margin, non-GAAP financial measures, provides investors with additional useful information in evaluating our performance.<\/p>\n

We calculate adjusted EBITDA as net income (loss), adjusted to exclude: (1)\u00a0interest and other (income) expense, net; (2)\u00a0income tax provision; (3)\u00a0depreciation and amortization; (4)\u00a0stock-based compensation expense, including payroll tax; (5) litigation and settlement fees associated with certain non-ordinary course securities litigation claims; (6) Chief Executive Officer (\u201cCEO\u201d) and founder and former Chief Creative Officer (\u201cCCO\u201d) transition expenses and (7) restructuring expenses in connection with the Transformation Initiative. The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by revenue.<\/p>\n

Adjusted EBITDA and adjusted EBITDA margin are financial measures that are not required by, or presented in accordance with GAAP. We believe that adjusted EBITDA and adjusted EBITDA margin, when taken together with our financial results presented in accordance with GAAP, provides meaningful supplemental information regarding our operating performance and facilitates internal comparisons of our historical operating performance on a more consistent basis by excluding certain items that may not be indicative of our business, results of operations or outlook. In particular, we believe that the use of adjusted EBITDA and adjusted EBITDA margin are helpful to our investors as they are a measure used by management in assessing the health of our business, determining incentive compensation and evaluating our operating performance, as well as for internal planning and forecasting purposes.<\/p>\n

Adjusted EBITDA and adjusted EBITDA margin are presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Some of the limitations of adjusted EBITDA and adjusted EBITDA margin include that (1)\u00a0it does not reflect capital commitments to be paid in the future; (2)\u00a0although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and adjusted EBITDA and adjusted EBITDA margin does not reflect these capital expenditures; (3)\u00a0it does not consider the impact of stock-based compensation expense; (4)\u00a0it does not reflect other non-operating expenses, including interest expense; (5)\u00a0it does not reflect tax payments that may represent a reduction in cash available to us; and (6)\u00a0does not include certain non-ordinary cash expenses that we do not believe are representative of our business on a steady-state basis, such as CEO and founder\/CCO transition expenses and restructuring expenses in connection with the Transformation Initiative. In addition, our use of adjusted EBITDA and adjusted EBITDA margin may not be comparable to similarly titled measures of other companies because they may not calculate adjusted EBITDA and adjusted EBITDA margin in the same manner, limiting its usefulness as a comparative measure. Because of these limitations, when evaluating our performance, you should consider adjusted EBITDA and adjusted EBITDA margin alongside other financial measures, including our revenue, net income (loss) and other results stated in accordance with GAAP.<\/p>\n

The following table presents a reconciliation of net income (loss), the most directly comparable financial measure stated in accordance with GAAP, to adjusted EBITDA and adjusted EBITDA margin, for each of the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nFor the three months ended
September 30,<\/strong><\/td>\n		\u00a0<\/td>\nFor the nine months ended
September 30,<\/strong><\/td>\n<\/tr>\n
(In thousands)<\/em><\/td>\n\u00a02024<\/strong><\/td>\n\u00a0<\/td>\n\u00a02023<\/strong><\/td>\n\u00a0<\/td>\n\u00a02024<\/strong><\/td>\n\u00a0<\/td>\n\u00a02023<\/strong><\/td>\n<\/tr>\n
Reconciliation of Net Income (Loss) to Adjusted EBITDA<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n165<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,098<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,314<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,381<\/td>\n)<\/td>\n<\/tr>\n
Interest and other (income) expense, net<\/td>\n\u00a0<\/td>\n(127<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(44<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n269<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax provision<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,021<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n2,166<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,707<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,892<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities litigation expense<\/td>\n\u00a0<\/td>\n4,089<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,759<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,325<\/td>\n\u00a0<\/td>\n<\/tr>\n
CEO and founder\/CCO transition expense(1)<\/sup><\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,085<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restructuring costs(2)<\/sup><\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,104<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payroll tax expense related to stock-based compensation<\/td>\n\u00a0<\/td>\n61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n$<\/td>\n7,079<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,056<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n17,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,488<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$<\/td>\n99,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n86,169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n278,503<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n254,101<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income margin<\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA margin<\/td>\n\u00a0<\/td>\n7.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

__________________<\/p>\n

(1) Includes sign-on bonus and relocation costs related to the appointment of our CEO and separation costs related to the termination of our former founder and CCO. <\/sup>
(2) Restructuring costs included employee and asset-related costs and contract terminations. <\/sup><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Achieves Record Revenue of $99 million, an Increase of 15% from Prior Year QuarterDelivers Positive Net Income, an Increase of $8 million from Prior Year QuarterExpands Gross Margin 710 Basis Points to 39% Versus Prior Year QuarterRaises Full Year 2024 Revenue and Adjusted EBITDA Outlook LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) — The Honest […]\n","protected":false},"author":1,"featured_media":61626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-61625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"\nThe Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook\" \/>\n<meta property=\"og:description\" content=\"Achieves Record Revenue of $99 million, an Increase of 15% from Prior Year QuarterDelivers Positive Net Income, an Increase of $8 million from Prior Y\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T00:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2024\/11\/The-Honest-Company-Inc-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook\",\"datePublished\":\"2024-11-13T00:05:16+00:00\",\"dateModified\":\"2024-11-13T00:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\"},\"wordCount\":2650,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"People\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/the-honest-company-reports-strong-third-quarter-2024-results-and-raises-full-year-outlook\/\",\"name\":\"The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook - 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