Honest Co. Q2 net loss $20M, revenue $74.6M (+3% YoY)

Honest Company, Inc.

2021-Q2 EPS reported -$0.32 revenue$155,607,000

Net loss $20.0M (incl. $10.6M IPO costs) vs $0.4M loss Q2 2020; adjusted EBITDA loss $0.8M vs +$3.5M.
Revenue $74.6M (+3% YoY, +20% vs Q2 2019); Skin & Personal Care +16%, Diapers & Wipes -2%, Household/Wellness -6%.
Gross margin 36% (-50bps YoY, +110bps from Q1 2021) despite industry supply chain headwinds.
Digital channel -24% due to key partner inventory cut; Retail +51% as consumers return to stores.
Completed IPO May 2021, net proceeds ~$91M; cash $95.1M at quarter end.

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