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The Beauty Health Company (NASDAQ:SKIN) jumped 12% as board members and top executives bought shares totaling more than $663,000.
The stock is down 50% over the past 12 months.
- Chair of the board Brent Saunders added more than 59,000 shares for a total 6.49% share of the company.
- Board member Michael Capellas added 30,000 shares, while member Doug Schillinger added 33,000.
- Recently-named Chief Financial Officer Michael Monahan added 5,000 for a 0.27% total share of SKIN.
- Chief Executive Officer Andrew Stanleick added more than 16,000 shares and now has a 0.53% share of the company.
Earlier this month, SKIN reported second quarter GAAP EPS of $0.03, which beat the average analyst estimate by $0.01. Revenue of $117.5M beat by $1.41M.
On the earnings call, Stanleick discussed the potential in China for SKIN.
“Our business is nascent in China, a market we view with a potential of three times that of the U.S.,” the CEO said.
“With just 2,000 systems in China today, and $24 million of revenue in the first half of this year, we are just getting started.”
