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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.
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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.