$HIMS
Hims & Hers Health, Inc.

2020 Q3 Form 10-Q Financial Statement

#000119312520291907 Filed on November 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $41.32M $0.00
YoY Change
Cost Of Revenue $10.05M
YoY Change
Gross Profit $31.28M
YoY Change
Gross Profit Margin 75.69%
Selling, General & Admin $19.50M $450.0K
YoY Change 4232.44%
% of Gross Profit 62.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $34.60M $450.0K
YoY Change 7588.44%
Operating Profit -$3.321M -$449.9K -$16.61K
YoY Change 638.1%
Interest Expense $0.00 $890.0K
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net -$2.519M $886.0K
YoY Change -384.32%
Pretax Income -$5.840M $440.0K
YoY Change -1427.27%
Income Tax $31.00K
% Of Pretax Income
Net Earnings -$5.871M $436.0K -$16.61K
YoY Change -1446.42%
Net Earnings / Revenue -14.21%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$0.16 $17.49K
COMMON SHARES
Basic Shares Outstanding 35.61M shares
Diluted Shares Outstanding 35.61M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.300M $1.800M
YoY Change -27.78%
Cash & Equivalents $1.258M $1.782M
Short-Term Investments
Other Short-Term Assets $100.0K $200.0K
YoY Change -50.0%
Inventory
Prepaid Expenses $75.15K $177.4K
Receivables
Other Receivables
Total Short-Term Assets $1.333M $1.959M
YoY Change -31.96%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $204.5M $202.1M
YoY Change 1.19%
Other Assets $500.0K
YoY Change
Total Long-Term Assets $204.5M $202.1M
YoY Change 1.16%
TOTAL ASSETS
Total Short-Term Assets $1.333M $1.959M
Total Long-Term Assets $204.5M $202.1M
Total Assets $205.8M $204.1M $536.3K
YoY Change 0.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.71K $475.6K $21.98K
YoY Change -94.8%
Accrued Expenses $2.579M $474.7K $449.1K
YoY Change 443.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $100.0K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.038M $1.037M $527.9K
YoY Change 192.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.200M $7.200M
YoY Change 0.0%
Total Long-Term Liabilities $7.200M $7.200M $0.00
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.038M $1.037M $527.9K
Total Long-Term Liabilities $7.200M $7.200M $0.00
Total Liabilities $10.23M $8.231M $500.0K
YoY Change 24.31%
SHAREHOLDERS EQUITY
Retained Earnings $137.7K $419.4K -$16.61K
YoY Change -67.16%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$143.3M $5.000M $0.00
YoY Change
Total Liabilities & Shareholders Equity $205.8M $204.1M $536.3K
YoY Change 0.84%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$5.871M $436.0K -$16.61K
YoY Change -1446.42%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$460.0K -$210.0K $0.00
YoY Change 119.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $330.0K -$201.3M
YoY Change -100.16%
Cash From Investing Activities $330.0K -$201.3M
YoY Change -100.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 203.2M
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -460.0K -210.0K 0.000
Cash From Investing Activities 330.0K -201.3M
Cash From Financing Activities 0.000 203.2M
Net Change In Cash -130.0K 1.780M 0.000
YoY Change -107.3%
FREE CASH FLOW
Cash From Operating Activities -$460.0K -$210.0K $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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oacu Cumulative Earnings For Beginning Of The Investment
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dei Entity Ex Transition Period
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
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dei Amendment Flag
AmendmentFlag
false
dei Entity Small Business
EntitySmallBusiness
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dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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oacu Increase Decrease In Accrued Expensed Related Party
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us-gaap Net Cash Provided By Used In Operating Activities
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Entity Registrant Name
EntityRegistrantName
Oaktree Acquisition Corp.
dei Entity Central Index Key
EntityCentralIndexKey
0001773751
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Shell Company
EntityShellCompany
true
dei Entity Filer Category
EntityFilerCategory
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dei Entity Address State Or Province
EntityAddressStateOrProvince
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us-gaap Concentration Risk Credit Risk
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<div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentration of Credit Risk </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000, and investments held in Trust Account. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. The Company&#8217;s investments held in the Trust Account as of September&#160;30, 2020 is comprised mainly of investments in U.S. Treasury securities with an original maturity of 185 days or less. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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oacu Common Stock Conversion Description
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CY2019Q3 oacu Business Combination Requisites To Be Satisfied
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The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act.
CY2019Q3 oacu Business Combination Covenants To Proceed With Business Combination
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In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the shares voted are voted in favor of the Business Combination.
CY2019Q3 oacu Description Of Results For Non Compliance With Business Combination
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The Company&#8217;s Sponsor, officers and directors (the &#8220;Initial Shareholders&#8221;) have agreed not to propose an amendment to the Amended and Restated Memorandum and Articles of Association (a) that would modify the substance or timing of the Company&#8217;s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 24 months from the closing of the Initial Public Offering, or July 22, 2021
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