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. (NYSE: FIGS) is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand, and its news flow reflects both its financial performance and its focus on the healthcare community. The company regularly issues earnings press releases detailing net revenues, scrubwear and non-scrubwear performance, U.S. and international net revenues, margins, adjusted EBITDA and key operating metrics such as active customers and average order value.
Investors following FIGS news can see quarterly updates where the company discusses factors affecting results, including product mix, promotional activity, tariffs, fulfillment costs and return rates. These releases often include full-year outlooks for net revenues growth versus the prior year and adjusted EBITDA margin, along with explanations of the non-GAAP measures used.
Beyond financial results, FIGS news highlights brand and community initiatives. Recent announcements include participation in investor conferences, a multi-year partnership with the United States Olympic & Paralympic Committee to outfit the Team USA Medical Team at Olympic and Paralympic Games, and special projects that honor healthcare workers in cultural settings such as major awards shows.
Readers of the FIGS news page can expect updates on quarterly earnings releases and conference calls, participation in industry and investor events, and campaigns that showcase the company’s engagement with healthcare professionals in the U.S. and internationally. This mix of financial and brand-related news provides context for how FIGS manages its direct-to-consumer model, international reach and positioning as a healthcare apparel and lifestyle brand.
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FIGS, Inc. (NYSE: FIGS) announced it will release its first quarter 2023 financial results on May 4, 2023, after U.S. markets close. A conference call led by FIGS management will take place at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results and outlook. Investors can access financial highlights and results through the company's investor relations website. The replay of the call will be available for listeners shortly after the event and will last until May 11, 2023. FIGS focuses on healthcare apparel and aims to meet the needs of healthcare professionals.
FIGS, Inc. (NYSE: FIGS) released its 2022 Impact Report, highlighting its commitment to healthcare professionals. The company donated $620,000 to various organizations, including $500,000 for developing an operating theater in Kenya. FIGS also provided 218,423 units of scrubs to support healthcare needs in Ukraine and for Hurricane Ian relief. The report emphasizes diversity, noting that 68% of staff identify as female or non-binary, and 70% of executives are female. Additionally, FIGS is focused on sustainability, targeting 75% recycled materials in its fabrics by 2030. The report discusses various forward-looking statements regarding business performance.
FIGS, Inc. (NYSE: FIGS) has announced the participation of CFO Daniella Turenshine and SVP of Investor Relations Jean Fontana in a fireside chat at the KeyBanc Emerging Technology Summit on March 8, 2023, at 12:30 p.m. ET. The event will be webcast live and accessible through their investor relations site, with an archive available for 90 days. FIGS focuses on serving healthcare professionals with stylish, durable apparel, emphasizing a direct-to-consumer model that enhances customer experience.
FIGS, Inc. (NYSE: FIGS) has announced the participation of its CFO, Daniella Turenshine, and SVP of Investor Relations, Jean Fontana, in a fireside chat at the Raymond James Institutional Investors Conference on March 6, 2023, at 3:25 p.m. ET. The chat will be available via live webcast on the company's investor relations website, with an online archive accessible for 90 days post-event. FIGS is recognized for its direct-to-consumer healthcare apparel, focusing on comfort, durability, and style for healthcare professionals, promoting a seamless shopping experience through its digital platform.
FIGS reported a 20.6% YoY increase in net revenues for 2022, totaling $505.8 million, with a net income of $21.2 million and an adjusted EBITDA margin of 17.2%. In Q4 2022, net revenues reached $144.9 million, up 12.6% YoY, despite a decrease in gross margin to 68.2%. Operating expenses soared 29.9% YoY to $95.6 million, leading to a net income decrease to $3.4 million in the quarter. The company forecasts mid-single digit growth for 2023 and aims to double annual net revenues to $1 billion.
FIGS, Inc. (NYSE: FIGS) has settled all litigation with Strategic Partners Inc. (SPI), concluding a contentious four-year legal battle. A jury previously ruled in favor of FIGS, rejecting SPI's claims and affirming that FIGS engaged in no wrongdoing. The jury highlighted SPI's hypocritical conduct during the litigation. Following this verdict, FIGS and SPI agreed to end all litigation without any obligations or payments. The settlement allows FIGS to refocus on its mission of supporting healthcare professionals, reinforcing its commitment to fair competition in the healthcare apparel industry.
FIGS, Inc. (NYSE: FIGS) announces key executive appointments, enhancing its strategic positioning. Steve Berube joins as Chief Operating Officer, transitioning from his previous role at Levi Strauss & Co. Devon Duff Gago moves from COO to Chief Business Development Officer, focusing on growth initiatives like International expansion and the TEAMS B2B platform. The changes aim to bolster FIGS' operational capabilities for long-term profitable growth. Both executives will report to CEO Trina Spear. The company continues to emphasize its commitment to supporting healthcare professionals through innovative and high-quality apparel.
FIGS, Inc. (NYSE: FIGS) announced it will release its fourth quarter and full year 2022 financial results on Tuesday, February 28, 2023, post-market close. The management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and their business outlook. Investors can access a financial highlights presentation on its investor relations website before the call. The replay of the call will be available until March 7, 2023. FIGS focuses on delivering high-quality healthcare apparel that emphasizes comfort and functionality for healthcare professionals.
ShiftKey, a Dallas-based technology company focused on healthcare staffing, has expanded its leadership team by hiring four executives: Jeffrey Lawrence (CFO), Ryan Bonifacino (CMO), Thomas Fredell (CPO), and Brian Scott (CSO). Founded in 2016, ShiftKey connects licensed professionals with healthcare communities to address staffing shortages. Jeffrey Lawrence has extensive experience, including a successful IPO at FIGS and key roles at Domino's Pizza. Ryan Bonifacino was previously at FIGS, while Thomas Fredell and Brian Scott bring expertise in product development and healthcare solutions, respectively. This leadership expansion follows a recent round of capital funding.