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  "documentTitle": "Hydrafacial | SPAC Presentation Deck | 43 slides",
  "authorId": "hydrafacial",
  "authorName": "The Hydrafacial Company",
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  "notes": "The slide highlights the 'razor-and-blade' business model where the installed base drives recurring revenue from consumables.",
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      "text": "HYDRAFACIAL DELIVERY SYSTEMS",
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      "text": "Once installed, systems generate meaningful recurring revenue. 51% of 2019 revenue from consumables. Consumables grow as utilization increases. Attractive economics for med spa owners.",
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      "text": "Source: Third party research 2019; reflects pre-COVID conditions. (1) Year-end delivery systems includes US and International.",
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