{"id":47495,"date":"2024-01-13T19:12:05","date_gmt":"2024-01-13T19:12:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/analyst-sees-further-downside-for-the-beauty-health-co-skin-amid-investor-suit-arising-from-syndeo-mistakes-hagens-berman\/"},"modified":"2024-01-13T19:12:05","modified_gmt":"2024-01-13T19:12:05","slug":"analyst-sees-further-downside-for-the-beauty-health-co-skin-amid-investor-suit-arising-from-syndeo-mistakes-hagens-berman","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/analyst-sees-further-downside-for-the-beauty-health-co-skin-amid-investor-suit-arising-from-syndeo-mistakes-hagens-berman\/","title":{"rendered":"Analyst Sees Further Downside for The Beauty Health Co. (SKIN) Amid Investor Suit Arising from Syndeo \u201cMistakes\u201d \u2013 Hagens Berman"},"content":{"rendered":"
\n

SAN FRANCISCO, Jan. 13, 2024 (GLOBE NEWSWIRE) — Hagens Berman urges The Beauty Health Company (NASDAQ: SKIN) <\/strong>investors who suffered substantial losses to submit your losses now<\/a>.<\/p>\n

Class Period: <\/strong>May 10, 2022 \u2013 Nov. 13, 2023
Lead Plaintiff Deadline: <\/strong>Jan. 16, 2024
Visit<\/strong>: www.hbsslaw.com\/investor-fraud\/SKIN<\/a>
Contact An Attorney Now<\/strong>: SKIN@hbsslaw.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 844-916-0895<\/strong><\/p>\n

The Beauty Health Company (NASDAQ: SKIN) Securities Fraud Class Action: <\/strong><\/p>\n

Piper Sandler reiterated its \u201cunderweight rating\u201d for Beauty Health after conducting a phone survey of 50 HydraFacialists. The survey reportedly revealed \u201ca significant % of Syndeo owners experienced issues and received replacements, and these issues expanded beyond the clogging management has called out.\u201d<\/p>\n

In her report to clients, analyst Korinne Wolfmeyer also found \u201c>1\/3 of Syndeo owners have not yet received a replacement\/fix, and ~10% of Elite owners don’t want to upgrade due to these issues.\u201d Wolfmeyer concluded, \u201cgiven the Syndeo challenges and likelihood for more cash burn, we see further downside.\u201d<\/p>\n

The analyst scrutiny comes after the filing of a securities class action litigation brought against Beauty Health and its executives, stemming from the company\u2019s disappointing third quarter results and disclosed \u201cmistakes\u201d with its Syndeo systems.<\/p>\n

The lawsuit alleges that Beauty Health failed to disclose that: (1) Syndeo 1.0 and 2.0 devices had issues leading to \u201cfrequent treatment interruptions;\u201d (2) as a result, the company incurred significant costs to develop enhancements; (3) despite the enhancements, providers continued to experience issues with Syndeo devices; and (4) as a result, the company would discontinue marketing Syndeo 1.0 and 2.0 devices and incur significant inventory write-downs.<\/p>\n

The truth emerged on Nov. 13, 2023, when Beauty Health disclosed dismal 3Q 2023 with \u201clower-than-expected U.S. revenue and $63.1 million in restructuring charges related to device upgrades of early generation Syndeo devices.\u201d As a result, Beauty Health slashed its FY 2023 guidance and suspending its long-term 2025 financial outlook. Beauty Health further disclosed CEO Stanleick would depart Beauty Health as President and CEO and relinquish his Board seat.<\/p>\n

On this news, the price of Beauty Health shares fell by more than 64%.<\/p>\n

\u201cThe litigation focuses on whether Beauty Health executives concealed \u2018frequent treatment interruptions\u2019 with its Syndeo devices,\u201d said Reed Kathrein, the Hagens Berman partner leading the firm\u2019s investigation.<\/p>\n

If you invested in Beauty Health and have substantial losses, or have knowledge that may assist the firm\u2019s investigation, submit your losses now<\/a> \u00bb<\/p>\n

If you\u2019d like more information and answers to frequently asked questions about the Beauty Health case and our investigation, read more<\/a> \u00bb<\/a><\/p>\n

Whistleblowers: <\/strong>Persons with non-public information regarding Beauty Health should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email SKIN@hbsslaw.com<\/a>.<\/p>\n

About Hagens Berman<\/a>
Hagens Berman is a global plaintiffs\u2019 rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.\u00a0<\/p>\n

Attorney advertising.<\/strong>
Past results do not guarantee future outcomes.<\/strong>
Services may be performed by attorneys in any of our offices<\/strong>.<\/p>\n

Contact: <\/u>
Reed Kathrein, 844-916-0895<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Jan. 13, 2024 (GLOBE NEWSWIRE) — Hagens Berman urges The Beauty Health Company (NASDAQ: SKIN) investors who suffered substantial losses to submit your losses now. Class Period: May 10, 2022 \u2013 Nov. 13, 2023Lead Plaintiff Deadline: Jan. 16, 2024Visit: www.hbsslaw.com\/investor-fraud\/SKINContact An Attorney Now: SKIN@hbsslaw.com \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":47496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/51670c91-d369-4a8c-8102-d393de9f6d19","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-47495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/47495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=47495"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/47495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/47496"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=47495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=47495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=47495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}