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. reported a record net revenue of $420 million for 2021, marking a 60% increase year-over-year. In Q4 2021, the company achieved net revenues of $128.7 million, up 42.7%. However, the gross margin decreased to 69.9%. The net income for the full year was a loss of $9.6 million, impacted by stock-based compensation related to its IPO. Active customers grew by 46% to 1.9 million, with an outlook for 2022 net revenues between $550-$560 million.
FIGS, Inc. (NYSE: FIGS) will release its fourth quarter and full year 2021 results on March 8, 2022, after U.S. markets close. A conference call will follow at 2:00 p.m. PT to discuss financial results and outlook. A shareholder letter detailing the results will be published on the investor relations website. Shareholders can submit questions via the Say Q&A platform starting March 1, 2022. The Q&A will close on March 7, 2022. For more information, visit ir.wearfigs.com.
FIGS, Inc. (NYSE: FIGS) announced preliminary and unaudited results for Q4 and full year 2021, reporting net revenues of $128 million for Q4, a 42% increase from Q4 2020, and $419 million for the full year, up 59% year-over-year. Active customers grew by 46% to 1.9 million. The average order value rose to $113. The company aims for over $1 billion in annual net revenues by 2025, with a gross margin of at least 70% and adjusted EBITDA margin of over 20%. These results highlight FIGS’ growth trajectory in the healthcare apparel market.
Summary not available.
FIGS, Inc. (NYSE: FIGS) announced its participation in a fireside chat at the 24th Annual ICR Conference on January 10, 2022, at 2:00 PM EST. The Co-CEOs, Heather Hasson and Trina Spear, along with CFO Daniella Turenshine, will engage in this discussion. The chat will be accessible via live webcast and will be archived for 90 days. FIGS is known for its direct-to-consumer healthcare apparel brand that focuses on providing comfort, durability, and style to healthcare professionals through its digital platform.
FIGS, Inc. (NYSE: FIGS) announced the retirement of CFO Jeffrey Lawrence, effective December 24, 2021. Daniella Turenshine, previously Senior VP of Finance and Strategy, will succeed him. Under her leadership, FIGS has achieved significant revenue growth and profitability. Lawrence praised the company’s IPO success and expressed confidence in Turenshine’s capabilities. Both executives highlighted a commitment to the healthcare community and the company’s future growth. The transition reflects FIGS' strategic direction as it continues to innovate in the healthcare apparel sector.
FIGS, Inc. (NYSE: FIGS) reported its third-quarter 2021 financial results, raising its full-year revenue outlook to $410 million, up from $395 million. The company continues to focus on providing advanced healthcare apparel to professionals through its direct-to-consumer model. A conference call is scheduled for November 10, 2021, at 2:00 p.m. PT to discuss these results and the business outlook.
FIGS, Inc. (NYSE: FIGS) has announced a new shareholder Q&A platform to facilitate interaction before its Q3 2021 earnings conference call, scheduled for November 10, 2021, at 2:00 p.m. PT / 5:00 p.m. ET. Shareholders can submit and upvote questions via the Say platform until November 9, 2021.
This initiative aims to enhance shareholder engagement and improve transparency around financial and business results.
FIGS, Inc. (NYSE: FIGS) announced it will release its third quarter 2021 results on November 10, 2021, after U.S. markets close. This will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial outcomes and future outlook. The press release will include a link to a shareholder letter and detailed financial results available on their investor relations website. Investors can access the live call and replay options for further insights.
FIGS, Inc. (NYSE: FIGS) has announced the pricing of a secondary offering of 8,917,385 shares of its Class A common stock at $40.25 per share, led by its largest stockholder, Tulco, LLC. The underwriters hold a 30-day option for an additional 1,337,607 shares. FIGS will not receive proceeds from this sale, which is expected to close on September 20, 2021, pending customary conditions. Major underwriters include Goldman Sachs, Morgan Stanley, and Barclays Capital.