Waldencast Acquisition Corp. (WALD) has released an update.
Waldencast Acquisition Corp., a beauty and wellness platform, reported a robust first half of 2023 with net revenues reaching $109.3 million and adjusted EBITDA climbing to $13.9 million, showcasing significant growth from the previous year. Despite mixed performance from its Obagi Skincare brand due to restructuring in the U.S. and delays in Southeast Asia, the company saw strong growth in Milk Makeup and is optimistic about future revenue and profitability improvements. Waldencast also achieved a key milestone by publishing the H1 2023 Interim Financials, aligning with Nasdaq reporting requirements.
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