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Honest Company backs FY24 revenue growth view of low-to-mid single digit percent
The Fly

Honest Company backs FY24 revenue growth view of low-to-mid single digit percent

The Company ended the first quarter 2024 with $34M in cash, cash equivalents and short-term investments, an increase of $22Mversus the first quarter of 2023, reflecting disciplined management of working capital. The Company had no debt on the balance sheet as of March 31…Net cash provided by operating activities was $336K compared to net cash used in operating activities of $3M for the first quarter of 2023. The Company is reaffirming its financial outlook for the full fiscal year 2024 for revenue and Adjusted EBITDA. For 2024, the Company continues to expect: Net revenue growth of low-to-mid single digit percentage.

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