Hims & Hers Health raised its revenue projections for the year, though higher costs swung it to a loss in the second quarter. The telehealth platform said it now projects $3.1 billion to $3.3 billion in revenue for the year, up from a previous target for $2.8 billion to $3 billion. The company also lifted its outlook for a key adjusted earnings metric.

For the third quarter that started July 1, Hims & Hers expects $880 million to $900 million in revenue. That tops current analyst estimates for $792 million, according to FactSet.

Chief Financial Officer Yemi Okupe said Hims & Hers expects its domestic business to keep accelerating through the back half of the year. It has even more conviction now in its ability to achieve a 2030 target for at least $6.5 billion in revenue, Okupe said.