secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0000950170-22-000172
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS reports preliminary Q4 net revenue $128M (+42% YoY); FY2021 $419M (+59%), beating guidance
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- Q4 net revenue $128M, up 42% YoY; active customers 1.9M, up 46% YoY.
- FY2021 net revenue $419M, up 59% YoY, exceeding prior guidance of ~$410M.
- Average order value $105 for FY2021 (+12% YoY); Q4 AOV $113 (+15% YoY).
- FY2021 gross margin at least 70%, adjusted EBITDA margin at least 20%, in line with prior outlook.
- Reiterated long-term target of over $1B net revenue by 2025, with gross margin 70%+ and adjusted EBITDA margin 20%+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022000172/0000950170-22-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022000172/figs-20220110.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-000172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer