Waldencast Acquisition Corp. (WALD) has released an update.
Obagi Global Holdings Limited reported a condensed consolidated balance sheet with total assets slightly decreasing from $184.6 million at the end of December 2021 to $181.1 million by March 31, 2022. The company’s net revenue increased to $32.1 million in the first quarter of 2022, up from $28.5 million in the same period the previous year. However, despite the increase in revenue, the company experienced a comprehensive loss, with operating expenses at $24.5 million outpacing gross profit.
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