HIMS – Erection to the moon or will it leave you limp?
I’ve been eyeing HIMS for a minute. Trending down today by about 5% and wondering about buying the dip. Wanted to get some opinions.
I know things are starting to stabilize with people returning to the new normal, but telemedicine appears to be continuing to tend up regardless.
I’ve seen the UI and how turnkey Hims and Hers is setup. For those new to the company, they are a startup, but they are definitely a disruptor to the healthcare industry. 24/7, quick access to doctors and medical pros, pharmacy is turnkey, pricing is relatively simple and automated. Also OTC health products part of the model, which is definitely a differentiator.
For those attracted to the title of this thread, one of their big draws is erectile dysfunction. And yes, probably less banging at home as pandemic restrictions lift, but the sexual second coming is literally coming! Outside of this though, they do have plans for treating diabetes and patients with high cholesterol.
Some figures I found about their actual results:
Q1-2021 – 687,000 orders – growth of 25.8% in the past year. Revenue increased 75% to $53 million.
What do you think apes? I’m looking to buy the dip and ride this one like I’m hoping to be ridden after taking some of the Hims products that come to my door.
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June 11, 2021 at 05:45PM