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.
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.
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.