Digital health platform Hims & Hers reported first-quarter revenue of $190.8 million, an increase of 88 percent year-over-year.
For the full year of 2023, the company is projecting revenue between $810 million and $830 million, according to a May 8 Hims & Hers news release.
"Our resilient customer base and durable recurring revenue model is operating at a scale that enables us to generate high growth while generating incremental efficiencies," Hims & Hers CFO Yemi Okupe said in the release. "These dynamics enable us to unlock our market opportunity from a position of strength and we expect to continue delivering leading innovation and access to care to our customers to capitalize on our growth momentum while driving operational excellence."