FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 541472. 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. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Looking ahead, we are well positioned to fuel profitable growth for the years to come due to our strong foundation, recession resistant industry and deep understanding of the healthcare community.. FIGS tend to run small, and as stated aboveoccasionally, FIGS scrubs are a little too snug for working in a healthcare setting. If you experience any issues with this process, please contact us for further assistance. After submitting your request, you will receive an activation email to the requested email address. 18 min read Net Revenues Growth of 20.9% YoY, Net Income of $4.9 million, and Adjusted EBITDA Margin of 17.6%,. Adjustments to reconcile net income to net cash (used in) provided by operating activities: Changes in operating assets and liabilities: Net cash (used in) provided by operating activities, Net cash provided by financing activities, Net (decrease) increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of period, Cash, cash equivalents, and restricted cash, end of period, Property and equipment included in accounts payable and accrued expenses, Deferred offering costs included in accounts payable and accrued expenses, RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES. You also have the option to opt-out of these cookies. We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. Were bringing out hunter green next year! / Twitter.16 Sept 2017. wearfigs_colordrop The Figs website no longer lists Mauve, Hunter Green, and Green as shown in our previous post. WOMEN'S HOME. The call is also accessible via webcast at ir.wearfigs.com. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net revenues. ET on November 17, 2022. SHOP WOMEN SHOP MEN Why wear scrubs when you can #wearFIGS Shop by Color BLACK BLACK NAVY NAVY ROYAL BLUE ROYAL BLUE BURGUNDY BURGUNDY BONE BONE DUSTY BLUE DUSTY BLUE MOSS MOSS CARIBBEAN BLUE CARIBBEAN BLUE ET to discuss the Companys financial and business results and outlook. Total orders are the summation of all completed individual purchase transactions in a given period. Total orders are the summation of all completed individual purchase transactions in a given period. Yellow and green skin figs are generally considered to be light figs, or white figs. For Full-Year 2022, the Company now expects: Daniella Turenshine, Chief Financial Officer, commented, We have a strong balance sheet and are financially well positioned to navigate this environment, said Daniella Turenshine, Chief Financial Officer. The call is also accessible via webcast at ir.wearfigs.com. What is the best oil stock to buy right now? I am happy to wear their burgundy or wine color in this post. Type a symbol or company name. The quality is real. 26 Followers, 0 Following, 0 Posts - See Instagram photos and videos from Color Drop (@wearfigs_colordrop) 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 . 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 thousands, except share and per share data), September 30, By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Gross . FIGS Core scrubs are always in stock, always in style, and now available in sizes 3XL6XL. You can change your choices at any time by visiting your privacy controls. The Company calculates net revenues per active customer as the sum of the total net revenues in the preceding 12-month period divided by the current period active customers. The Company calculates average order value as the sum of the total net revenues in a given period divided by the total orders placed in that period. and it has a sweet and fruity flavor that is slightly different from the typical fig. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. FIGS Announces Date of First Quarter 2022 Earnings Release, Conference Call and Webcast, https://ir.wearfigs.com/financials/quarterly-results/default.aspx, https://ir.wearfigs.com/events-and-presentations/events/default.aspx, https://app.saytechnologies.com/figs-2022-q1/, The replay will be available from approximately two hours after the completion of the live call until 11:59 pm ET on May 19, 2022. 6 Steps to Cultivate Joy at Work:How to Simplify your work life so you can enjoy making memories with your family more! Taking your scrub top off over your head (and against your face) can expose you to those germs. This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are based on current management expectations, and which involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such forward-looking statements. Inspired by all the ways you. If your size is sold out in a Limited Edition style, it may be gone for good but dont worry! SANTA MONICA, Calif.--(BUSINESS WIRE)-- It is mandatory to procure user consent prior to running these cookies on your website. GET YOUR FREE WORKSHOP NOW! These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, outlook, plan, possible, potential, predict, project, should, strategy, strive, target, will or would, the negative of these words or other similar terms or expressions. FIGS on Twitter: @kban551 Yes! SANTA MONICA, Calif.--(BUSINESS WIRE)-- The fit is the best. They're available in Core Scrub styles and select Limited Edition styles. Hurry, it's going, going, gone in six weeks! No pilling, fading or tearing of pieces. The Company calculates net revenues per active customer as the sum of the total net revenues in the preceding 12-month period divided by the current period active customers. The Company calculates average order value as the sum of the total net revenues in a given period divided by the total orders placed in that period. FIGS scrubs fit great in all the right places! After submitting your request, you will receive an activation email to the requested email address. 8.2K views, 2 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! (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 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. Contents and Care: 92% Recycled Polyester 8% Spandex. FIGS make a great gift + more gift ideas for healthcare professionals on my GIFT Tab above! FIGS New Color Release! You can sign up for additional alert options at any time. This means, purchasing an item through one of my links may earn me a small commission without affecting your own purchase. September 30, (in thousands, except share and per share data), Expenses related to non-ordinary course disputes(1), Stock-based compensation expense in connection with the IPO and other(2), Weighted-average shares used to compute Diluted EPS, as adjusted(3). Updated Our Limited Edition Colors are ordered in smaller quantities and sell out FAST. 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/. For more information regarding the Companys use of non-GAAP financial measures, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics.. Different scrubs have different colors, and dark fig scrubs tend to be a dark purple color. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. They are also offering crisp white now I know many institutions require healthcare professionals to wear this color so hopefully you are now able to find your preferred scrub color available from FIGS! We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function and style. ir.wearfigs.com/financials/quarterly-results/, https://www.businesswire.com/news/home/20221110006032/en/, Do Not Sell My Personal Information (CA Residents Only). Save my name, email, and website in this browser for the next time I comment. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. How often does FIGS release new color? (3) 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 September30, 2022. Click to view our accessibility statement link. (2) Active customers, net revenues per active customer and average order value are key operational and business metrics that are important to understanding Company performance. Our Limited Edition scrubs are ordered in smaller quantities and typically sell out FAST. The following table presents a reconciliation of Adjusted EBITDA to Net income (loss), which is the most directly comparable financial measure calculated in accordance with GAAP, and presents Adjusted EBITDA margin with Net income (loss) margin, 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.. The most common colors of figs are green, brown, and black . For information regarding how the Company calculates its key operational and business metrics, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics., (4) The Company has not provided a quantitative reconciliation of its adjusted EBITDA margin outlook to a GAAP net income margin outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. FIGS uses the ir.wearfigs.com website, as well as press releases, filings with the U.S. Securities and Exchange commission and public conference calls and webcasts, in order to achieve broad, non-exclusionary distribution of information to the public and for complying with our disclosure obligations under Regulation FD. Surprising, right? All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. Your favorite Yola Skinny Scrub Pants with the yoga waistband are now here in your favorite wear-everyday colors. 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 are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. FIGS on Instagram: ESPRESSO + MINERAL MAUVE. You can sign up for additional alert options at any time. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. After a long day, you have germs all over you, especially on your chest. The Q&A platform will remain open until 24 hours before the start of the conference call. Ultra-flattering, super functional and ridiculously easy to throw-on, zip-up and go. Inspired by all the ways you GO fast, slow, get 'em, 'til you drop, for it, hard, big, etc. FIGS Releases Third Quarter 2022 Financial Results 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% November 10, 2022 04 . 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. If youre looking for cheap scrubs, Figs will not be your first pick.3 Jun 2020, Your FIGs scrubs have to be washed in cold water and line dried but they will still shrink and accumulate lint.Mar 3, 2018, Were updating our sizing slightly to ensure every set of FIGS fits everybody and every body perfectly. Introducing our NEW color, Hydrogreen! Developed by Charlie Grandy for HBO Max, it stars executive producer Mindy Kaling as the voice of the titular character, with Sam Richardson, Constance Wu and Glenn Howerton in supporting roles. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 541472. For more information regarding the Companys use of non-GAAP financial measures, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics.. Drying FIGS scrubs on a high heat setting may lead to shrinkage and quickly fading color. ICYMI: THE NEW FIGS APP IS HERE. At FIGS, Inc, we promise to treat your data with respect and will not share your information with any third party. 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.
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