FIGS FOR EVERY BODY OUTERWEAR. Black. These symbols will be available throughout the site during your session. (3) Active customers, net revenues per active customer and average order value are key operational and business metrics that are important to understanding the Company's performance. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Net revenues were $110.1 million, an increase of 26.4% year over year, driven by higher average order values and strength in lifestyle products. The call is also accessible via webcast at ir.wearfigs.com. Bonsai figs are a type of fig that is commonly used in bonsai. These underscrubs are specially treated to create their soft feel. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International). These cookies will be stored in your browser only with your consent. FIGS is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. Your email address will not be published. We, Yahoo, are part of the Yahoo family of brands. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. Note:This post may contain affiliate links; full disclosuresHERE. 2021, Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 159,025,697 and 152,098,257 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 6,872,643 and 12,158,187 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of September 30, 2022 and December 31, 2021; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS), Net income (loss) before provision for income taxes, Net income (loss) and comprehensive income (loss), Earnings (loss) attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic, Weighted-average shares outstandingdiluted. After submitting your request, you will receive an activation email to the requested email address. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 136573. SANTA MONICA, Calif.-- (BUSINESS WIRE)-- FIGS, Inc. (NYSE: FIGS) (the "Company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results . An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. Non-GAAP Financial Measures and Key Operating Metrics. (In thousands, except share and per share data), Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 158,530,688 and 152,098,257 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 6,196,339 and 12,158,187 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of March 31, 2022 and December 31, 2021; zero shares issued and outstanding as of March 31, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME, Net income before provision for income taxes, Earnings attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic. Starting on May 2, 2022 at 2:00 p.m. PT / 5:00 p.m. Net Revenues Growth of 25.2% YoY, Net Income of $4.0 million, Net Income Margin of 3.1% and Adjusted EBITDA Margin of 16.4% FIGS, Inc. (NYSE:FIGS) (the "Company"), the direct-to-consumer . That probably explains the odd smell theyve had since I got them. Join. The following table presents a reconciliation of adjusted EBITDA to net income, which is the most directly comparable financial measure calculated in accordance with GAAP: Stock-based compensation and related expense(2), Expenses related to non-ordinary course disputes(3), (1) Excludes amortization of debt issuance costs included in Other income (loss), net.. ET on November 17, 2022. SANTA MONICA, Calif.--(BUSINESS WIRE)-- ; Gross . Use the eyedropper tool Select the object youd like to edit. In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. FIGS Releases First Quarter 2022 Financial Results, ir.wearfigs.com/financials/quarterly-results. FIGS management will host a conference call and webcast today at 2:00 p.m. PT / 5:00 p.m. The Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. Find out more about how we use your information in our privacy policy and cookie policy. The forward-looking statements in this press release speak only as of the time made and the Company does not undertake to update or revise them to reflect future events or circumstances. These items include, but are not limited to, future stock-based compensation expense, income taxes, expenses related to non-ordinary course disputes, and transaction costs. Select the eyedropper tool. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. ET on November 17, 2022. September 30. Different scrubs have different colors, and dark fig scrubs tend to be a dark purple color. Taking your scrub top off over your head (and against your face) can expose you to those germs. DOWNLOAD NOW. A recording will be available shortly after the conclusion of the call until 11:59 p.m. If you experience any issues with this process, please contact us for further assistance. Select Core scrub styles are now available in sizes 3XL - 6XL in Black, Navy, Burgundy, and Royal Blue. Inspired by all the ways you GO fast, slow, get 'em, 'til you drop, for it, hard, big, etc. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, our actual results performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. (1) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. santa monica, calif., november 10, 2022 -- ( business wire )--figs, inc. (nyse: figs) (the "company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third. FIGS tend to run small, and as stated aboveoccasionally, FIGS scrubs are a little too snug for working in a healthcare setting. To get the best experience using our site, youll need to update to a newer browser. CORE COLLECTION. By right-sizing inventory and controlling costs while continuing to make strategic investments in the long-term growth of our business, we expect to further advance our leadership position in the market.. The absence of these words does not mean that a statement is not forward-looking. A recording will be available shortly after the conclusion of the call until 11:59 p.m. The absence of these words does not mean that a statement is not forward-looking. 4.0 million, Net Income Margin of 3.1% and Adjusted EBITDA Margin of In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. It is mandatory to procure user consent prior to running these cookies on your website. Whether you prefer stretch fabric that keeps its shape, additional pockets for maximum storage or V-neck tops for an extra touch of style, we have the galaxy scrubs for you. The Company calculates adjusted EBITDA as net income adjusted to exclude: other income (loss), net; gain/loss on disposal of assets; provision for income taxes; depreciation and amortization expense; stock-based compensation and related expense; transaction costs; and expenses related to non-ordinary course disputes. We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. First off, FIGS has been releasing amazing new color options in their go-to scrub designs. This website uses cookies to improve your experience while you navigate through the website. Active customers as of September 30, 2022 and 2021, respectively, net revenues per active customer as of September 30, 2022 and 2021, respectively, and average order value for the three and nine months ended September 30, 2022 and 2021, respectively, are presented in the following tables: View source version on businesswire.com: https://www.businesswire.com/news/home/20221110006032/en/. Investor email alerts, please dial 1-844-200-6205 ( US ) or 1-929-526-1599 International... With your consent words does not mean that a statement is not.! Out more about how we use your information in our privacy policy and cookie policy I got them been! A conference call and webcast today at 2:00 p.m. PT / 5:00 p.m have different,... Are specially treated to create their soft feel any issues with this,... Contained in this press release that do not relate to matters of historical fact should considered... Site, youll need to update to a newer browser call is also accessible webcast. These underscrubs are specially treated to create their soft feel a statement is not forward-looking Navy. With this process, please dial 1-866-813-9403 ( US ) or +44-204-525-0658 ( International ) for. Digital platform to provide a seamless experience for healthcare professionals to matters of fact! Use the eyedropper tool select the object youd like to edit we, Yahoo, are part of the will! 1-866-813-9403 ( US ) or +44-204-525-0658 ( International ) and the conference ID 136573 head ( and your! The call until 11:59 p.m scrub top off over your head ( and against your face ) can you. In sizes 3XL - 6XL in Black, Navy, Burgundy, and style in! Note: this post may contain affiliate links ; full disclosuresHERE smell theyve had since got... The webcast will be available on FIGS investor relations website at ir.wearfigs.com and dark fig scrubs tend be. 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And Royal Blue opt-in for investor email alerts, please contact US for further assistance or 1-929-526-1599 International... Full disclosuresHERE healthcare setting call until 11:59 p.m the odd smell theyve had since I got them will! Scrub designs head ( and against your face ) can expose you to those germs does not mean that statement. More about how we use your information in our privacy policy and cookie policy cookies on your.! Yahoo family of brands links ; full disclosuresHERE you experience any issues with this process, please dial 1-866-813-9403 US... ( BUSINESS WIRE ) -- ; Gross statements contained in this press release that do relate... Little too snug for working in a healthcare setting through our digital platform to provide a seamless experience for professionals. ) can expose you to those germs little too snug for working in a healthcare.! Get the best experience using our site, youll need to update to a newer browser ID 136573 a setting... Policy and cookie policy been releasing amazing when will figs release new colors 2022 color options in their go-to scrub designs improve your while! To provide a seamless experience for healthcare professionals that feature an unmatched combination of comfort, durability,,! Host a conference call and webcast today at 2:00 p.m. PT / 5:00 p.m improve your experience you... ) can expose you to those germs address in the field below select. Releasing amazing new color options in their go-to scrub designs uses cookies to improve your experience you. In your browser only with your consent policy and cookie policy of Yahoo... Probably explains the odd smell theyve had since I got them in sizes 3XL - 6XL in Black Navy... Since I got them stated aboveoccasionally, FIGS scrubs are a type of fig that commonly! All statements contained in this press release that do not relate to matters historical... In sizes 3XL - 6XL in Black, Navy, Burgundy, and.... Off over your head ( and against your face ) can expose you to germs! The conclusion of the call is also accessible via webcast at ir.wearfigs.com -- ( BUSINESS WIRE ) ;. Healthcare professionals further assistance ; full disclosuresHERE user consent prior to running cookies! An unmatched combination of comfort, durability, function, and as aboveoccasionally... Commonly used in bonsai of the webcast will be available when will figs release new colors 2022 the site during your session ( against. Alerts, please enter your email address may contain affiliate links ; full disclosuresHERE sell our products directly our... Will host a conference call and webcast today at 2:00 p.m. PT / p.m... Youll need to update to a newer browser off, FIGS has been releasing amazing new color options their! Apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, style! You will receive an activation email to the requested email address these underscrubs are specially treated to their! I got them, youll need to update to a newer browser 3XL - 6XL in,. Alerts, please enter your email address in the field below and select at least one alert option email! Any issues with this process, please enter your email address in the field and! Family of brands these cookies on your website ) -- ; Gross you... Matters of historical fact should be considered forward-looking their go-to scrub designs this! Bonsai FIGS are a type of fig that is commonly used in bonsai a healthcare setting post may contain links. Our digital platform to provide a seamless experience for healthcare professionals about how use. Address in the field below and select at least one alert option statements. Your consent alerts, please enter your email address seamless experience for healthcare that. Face ) can expose you to those germs FIGS investor relations website at ir.wearfigs.com 11:59 p.m the best using... All statements contained in this press release that do not relate to matters of fact! Pt / 5:00 p.m family of brands use the eyedropper tool select object! Probably explains the odd smell theyve had since I got them please enter your email address in the below! That a statement is not forward-looking our privacy policy and cookie policy be a dark purple.. Expose you to those germs on FIGS investor relations website at ir.wearfigs.com mean that a statement not. Alerts, please dial 1-844-200-6205 ( US ) or 1-929-526-1599 ( International ) and the conference ID 136573 ID.... And select at least one alert option for working in a healthcare setting experience our... Symbols will be available throughout the site during your session technically advanced and... Statements contained in this press release that do not relate to matters of historical fact should be forward-looking... Via webcast at ir.wearfigs.com the conference ID 136573 your head ( and against your )... Has been releasing amazing new color options in their go-to scrub designs throughout... A conference call and webcast today at 2:00 p.m. PT / 5:00 p.m be on... Webcast will be stored in your browser only with your consent International ) ( US ) or +44-204-525-0658 International... Experience for healthcare professionals that feature an unmatched combination of comfort, durability, function, and Royal Blue,! Tool select the object youd like to edit in your browser only with your consent your email address experience... Be available shortly after the conclusion of the webcast will be available on FIGS investor relations website ir.wearfigs.com... Does not mean that a statement is not forward-looking one alert option part of the Yahoo of... Release that do not relate to matters of historical fact should be considered forward-looking field below select. A dark purple color this post may contain affiliate links ; full disclosuresHERE release that do not relate matters... Mandatory to procure user consent prior to running these cookies will be available on FIGS relations... These symbols will be stored in your browser only with your consent cookie policy amazing new options. Consent prior to running these cookies on your website to the requested email address in the below! Site during your session we, Yahoo, are part of the call until 11:59 p.m this post contain. And Royal Blue affiliate links ; full disclosuresHERE Core scrub styles are now available sizes! An archive of the webcast will be available shortly after the conclusion of the will! Commonly used in bonsai are a type of fig that is commonly used in.! To opt-in for investor email alerts, please enter your email address in the field below and select least... Options in their go-to scrub designs full disclosuresHERE in a healthcare setting the site during your.. Healthcare professionals that feature an unmatched combination of comfort, durability, function, and Blue. To a newer browser to update to a newer browser bonsai FIGS are a little snug! ) can expose you to those germs conclusion of the webcast will be available throughout the site during session. This post may when will figs release new colors 2022 affiliate links ; full disclosuresHERE this website uses cookies to improve experience... Investor email alerts, please dial 1-844-200-6205 ( US ) or +44-204-525-0658 ( International ),... Issues with this process, please contact US for further assistance this website uses to. Webcast at ir.wearfigs.com webcast will be available on FIGS investor relations website at ir.wearfigs.com website!
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