FIGS Releases Second Quarter 2022 Financial Results
FIGS, Inc. Class A (FIGS)
Company Research
Source: Business Wire
Net Revenues Growth of 20.9% YoY, Net Income of $4.9 million, and Adjusted EBITDA Margin of 17.6%, Ahead of Our ExpectationsHeather Hasson Named Executive Chair; Trina Spear Becomes Sole Chief Executive Officer SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS) (the “Company”), the direct-to-consumer healthcare apparel and lifestyle brand, today released its second quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/.Second Quarter 2022 Financial HighlightsNet revenues were $122.2 million, an increase of 20.9% year over year, driven by an increase in orders as a result of strong retention of existing customers and new customer acquisition and, to a lesser extent, an increase in AOV.Gross margin was 70.6%, a decrease of 270 basis points year over year, driven by increased ocean and air freight rates, an increase in freight-in driven by higher utilization of more
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News
- FIGS, Inc. (NYSE: FIGS) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $4.85 to $4.25. They now have a "sell" rating on the stock.MarketBeat
- Loop Provides Returns Solution for FIGS’ “Scrubs That Don’t Suck” Recycling CampaignBusiness Wire
- Joe & the Juice Appoints Industry Leader Jeffrey Lawrence to Board of Directors [Yahoo! Finance]Yahoo! Finance
- FIGS, Inc. (NYSE: FIGS) had its "underperform" rating re-affirmed by analysts at Bank of America Co.. They now have a $4.50 price target on the stock, down previously from $8.50.MarketBeat
- FIGS Releases Its 2023 Impact Report [Yahoo! Finance]Yahoo! Finance
FIGS
Earnings
- 2/28/24 - Beat
FIGS
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- FIGS's page on the SEC website