The Honest Company Reports Fourth Quarter and Full Year 2022 Financial Results
Gross margin was 27.5% in the fourth quarter of 2022 compared to 30.0% in the fourth quarter of 2021 due to higher fulfillment and product costs.
- Gross margin was 27.5% in the fourth quarter of 2022 compared to 30.0% in the fourth quarter of 2021 due to higher fulfillment and product costs.
- Net loss for the fourth quarter of 2022 was $12.6 million, compared to net loss of $9.0 million in the fourth quarter of 2021.
- The Company ended the fourth quarter of 2022 with $15.2 million in cash, cash equivalents and short-term investments.
- A webcast and conference call to discuss fourth quarter and full year 2022 results is scheduled for today, March 16, 2023, at 9:00 a.m. Pacific time/12:00 p.m. Eastern time.