Aug 19, 2026 earnings call — Accounting restatement and stronger second half outlook
Company disclosed an inventory-costing restatement and said shipped and on-hand orders totaled $64.9 million, and they expect to outperform 2025 on full-year revenue.
Revenue $0.0B · EPS $-0.00
Key quotes
"During our quarter-end review, we identified an issue with our historical inventory costing methodology regarding how indirect manufacturing costs were allocated to inventory."
"Turning to our operational execution, we continued the disciplined implementation of our Transform and Transcend strategy in the second quarter, building on our foundational work to drive operational efficiency."
"That market is an area where we approximately believe it's about a $3 billion addressable market for what we do."
Analyst Q&A 4
scalp product launch and market size
Q (James Liberman): He asked for details about the hair and scalp products: what they are, the market size, and scope.
A: They launched a new scalp care segment in July using new technologies. They estimate "about a $3 billion addressable market" and said lead generation from the launch was strong, but it is still early to know when that will become revenue.
"That market is an area where we approximately believe it's about a $3 billion addressable market for what we do." — Kevin Cureton (CEO)
sales growth, inventory and production efficiency
Q (Wayne Rowan): He asked if sales growth will be higher by year-end and whether inventory control and production efficiency have improved compared to a year or two ago.
A: They said they can project year-over-year growth "versus 2026 (sic) [ 2025 ]" and expect to set a revenue record this year. Laura said production efficiency has meaningfully improved over the last nine to ten months with cost and OEE gains and Kaizen events. On inventory, they found a costing methodology issue, raised and remediated it, and feel confident moving forward; Kevin noted gross profit and labor efficiency are improving.
"Regarding your questions with production efficiency, that has been a very significant focus for the organization since I've been here." — Laura Riffner (CFO)
how scalp products differ and sunscreen tech
Q (James Liberman · American Trust Investment): He asked how the new scalp products are differentiated from other products and whether the scalp market is larger than their current market. He also asked about interest in their mineral-based sunscreen after a new sunscreen platform approval.
A: They launched two scalp product groups: a scalp protection product and a treatment product. The protection product is a first-of-its-kind combination of dry shampoo and SPF, and the treatment uses their Whisper delivery of allantoin; they view the scalp segment as a "nice adjacency" and said their total addressable market "is greater than $50 billion." On the new BEMT sunscreen technology, they said it is positive for the market, can be combined with their mineral technologies and Chromolume boosters, and they are not worried about its impact.
"That product is the first of its kind, that is a combination of a dry shampoo and an SPF product." — Kevin Cureton (CEO)
REFY settlement and product development
Q (Stefano Bolis): He asked whether the settlement with REFY means they are still actively working together to create a new formulation or product for REFY.
A: Laura said the agreement "does give us an opportunity to work together on a possible development of a new SPF product," so the door is open. Kevin added they cannot say more about developments without partner permission but that they value the relationship with REFY.
"the agreement does give us an opportunity to work together on a possible development of a new SPF product." — Laura Riffner (CFO)