The Honest pany(US:HNST)2025-05-07 20:59Company Overview - The Honest Company was launched in 2012 with a focus on clean ingredients and sustainability[15] - The company's mission is to challenge ingredients, ideals, and industries to protect loved ones[16] - The Honest Standard includes banning over 3,500 ingredients[18, 19] Financial Performance & Outlook - FY24 revenue reached $378 million, a 10% increase year-over-year[38] - FY24 gross margin was 38%, up 900 bps year-over-year[38] - FY24 Adjusted EBITDA was $26 million, an increase of $37 million year-over-year[38] - Q1 2025 revenue was $97 million, a 13% increase year-over-year[41] - The company anticipates 4%-6% annual revenue growth long-term[75] Market Position & Growth Strategy - The company is the 1 natural brand in baby personal care[20] - Household penetration has increased by 20% since 2021[24] - The company aims to expand distribution, with a focus on increasing total distribution points[57]