Welcome to our dedicated page for FIGS news (Ticker: FIGS), a resource for investors and traders seeking the latest updates and insights on FIGS stock.
FIGS, Inc. reports developments in healthcare apparel, with recurring updates on scrubwear, non-scrubwear, direct-to-consumer sales, the TEAMS institutional platform, international demand and Community Hubs. The company designs and sells apparel and related products for healthcare professionals, including scrubwear, outerwear, underscrubs, footwear, compression socks, lab coats and loungewear.
News about FIGS also covers earnings releases, customer and order metrics, average order value, gross margin, tariffs, marketing campaigns, investor conference participation and brand partnerships. The company’s public communications frequently include advocacy efforts tied to the healthcare workforce and initiatives that connect its apparel brand with healthcare professionals in the United States and internationally.
FIGS, Inc. (NYSE: FIGS) announced a secondary offering of 8,826,703 shares of Class A common stock by its largest stockholder, Tulco, LLC, and certain management members. The underwriters have a 30-day option to purchase an additional 1,324,005 shares. FIGS will not receive any proceeds from this sale. The offering will be managed by major financial institutions, ensuring proper facilitation. This registration statement has been filed with the U.S. Securities and Exchange Commission; however, sales cannot occur until it becomes effective.
FIGS, Inc. (NYSE: FIGS) reported Q2 2021 net revenues of $101.1 million, a 57.6% increase from Q2 2020, driven by higher order volumes and average order values. Active customers grew by 79.2% to 1.6 million. Despite this growth, the company faced a net loss of $40.5 million, largely attributed to stock-based compensation costs from its IPO. Adjusted EBITDA rose 54.5% to $26.8 million, with a margin of 26.5%. Looking forward, FIGS forecasts 2021 net revenues of approximately $395 million.
FIGS, Inc. (NYSE: FIGS) will release its Q2 2021 financial results on August 12, 2021, post-market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and business outlook. Investors can join the live call at (866) 211-4956 for US participants or (873) 415-0263 for international participants. The replay will be available until August 19, 2021. FIGS, a direct-to-consumer healthcare apparel brand, aims to enhance the experience of healthcare professionals through durable and stylish apparel.
FIGS, Inc. (FIGS) has successfully completed its initial public offering of 30,344,317 shares of Class A common stock, inclusive of an underwriters’ option for an additional 3,957,954 shares, priced at $22.00 per share. The offering was structured with FIGS issuing 4,636,364 shares, while Tulco, LLC, the largest stockholder, sold 25,707,953 shares. FIGS did not receive proceeds from Tulco's share sale. Trading commenced on the New York Stock Exchange on May 27, 2021 under the ticker symbol 'FIGS.'
FIGS, Inc. announced the pricing of its upsized initial public offering, offering 26,386,363 shares at $22.00 per share. The offering includes 4,636,364 shares from FIGS and 21,749,999 shares from Tulco, LLC, its largest stockholder, with underwriters having a 30-day option for 3,957,954 additional shares. Trading on the NYSE is expected to start on May 27, 2021, under the ticker symbol FIGS. The closing is anticipated on June 1, 2021, subject to customary conditions.