Waldencast Posts Strong FY2023 Financials

Waldencast Acquisition Corp. (WALD) has released an update.

Waldencast Acquisition Corp. has reported a strong financial performance for fiscal year 2023, with a net revenue of $218.1 million and a 15.3% increase in comparable revenue from the previous year. The company’s adjusted EBITDA saw a significant improvement, turning around from a loss to $24.4 million, indicating a robust recovery and growth trajectory. These positive results were driven by strategic changes and growth in key brands such as Obagi Skincare and Milk Makeup, positioning Waldencast for continued expansion and success in the beauty and wellness industry.

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