Why did the stock drop so much? And why did the management delay this announcment until after earnings, knowing that the stock price would drop based on reduced net income?
HIMS Earnings-Revenue Target of 6.5 Billion by 2030 but currently at 600 M Revenue. Also, the bottom line is now negative, and the revenue growth has been stagnant for the past 4 quarters.
Their US base has been deteriorating. And now they are looking to expand internationally. The growth also is not organic, its from aquisitions and mergers. They are also expecting to use the same US playbook to apply worldwide, which i feel in places like Japan Canada and Europe that it wouldnt work.
What is the likelihood for them to achieve $6 Billion.
Do companies lie alot in investor presentations? How could they be so audacious to make such claims. Or am I missing the point here?
