Hims & Hers and Toast Stocks Surge on Strong Growth and Profitability
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Hims & Hers Health (HIMS) offers telehealth services and products for general wellness, skincare, sexual health, and hair care. The stock is up 58% in 2023.
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Revenue for Hims & Hers was $872 million in 2023, up 65% from the previous year. The company turned a small profit in Q4 2023.
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Toast (TOST) provides software and hardware solutions for restaurants. The stock has risen over 30% in 2023.
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Toast's revenue grew 42% year-over-year to nearly $4 billion in 2023. The company was free cash flow positive for the full year.
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Both Hims & Hers and Toast are high growth companies operating in large addressable markets, presenting potential opportunities for investors.