FIGS Inc (FIGS) Reports Mixed 2023 Financial Results Amidst CFO Transition [Yahoo! Finance]
FIGS, Inc. Class A (FIGS)
Company Research
Source: Yahoo! Finance
Operating Expenses : Increased by 8.2% to $342.9 million in 2023. Net Income : Grew to $22.6 million, with a net income margin of 4.1%. Adjusted EBITDA : $86.0 million, representing a margin of 15.8%. Active Customers : Increased by 13.0% to 2.6 million as of December 31, 2023. Free Cash Flow : Reported at $84.6 million for the full year. Warning! GuruFocus has detected 3 Warning Sign with FIGS. On February 28, 2024, FIGS Inc ( NYSE:FIGS ), a healthcare apparel company known for its proprietary fabric FIONx, released its 8-K filing , disclosing its fourth quarter and full-year financial results for 2023. The company, which offers performance-oriented scrubs for healthcare professionals, reported a net revenue increase of 7.9% year-over-year to $545.6 million, driven by growth in orders from both new and existing customers. Financial Performance and Challenges Despite the revenue growth, FIGS faced challenges in 2023, including a flat year-over-year revenue in the four
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FIGS
News
- FIGS, Inc. (NYSE: FIGS) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $6.00 price target on the stock.MarketBeat
- FIGS Announces Date of First Quarter 2024 Earnings Release, Conference Call and WebcastBusiness Wire
- Analysts Estimate Figs (FIGS) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- 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
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