secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0000950170-22-003127
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS Q4 rev $128.7M (+42.7% YoY); FY rev $419.6M (+59.5% YoY); guides FY22 $550-560M
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- Q4 net income $12.6M ($0.06 diluted EPS); adjusted EPS $0.09.
- FY 2021 net loss $9.6M ($0.06 diluted loss) due to $50.4M IPO stock comp; adjusted net income $55.9M ($0.30 adjusted EPS).
- FY gross margin 71.8% (-50 bps YoY); Q4 gross margin 69.9% (-110 bps YoY).
- Active customers 1.9M (+46%); net revenue per active customer $224 (+11%); AOV $105 (+12%).
- FY2022 guidance: net rev $550-560M, gross margin 70%+, adjusted EBITDA margin 20%+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022003127/0000950170-22-003127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022003127/figs-20220308.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-003127

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