Warby Parker reports FY 2023 revenue $669.8M (+12% YoY); expands Versant in-network to >34M lives

Warby Parker Inc.

2023-FY EPS reported -$0.54 revenue$669,765,000

FY 2023 net revenue $669.8M (+12% YoY); Q4 revenue $161.9M (+10.5% YoY).
FY GAAP net loss improved to $63.2M from $110.4M; adjusted EBITDA $52.4M (7.8% margin) vs $27.2M (4.5%).
Expanded Versant Health relationship adds 15M lives, nearly doubling in-network access to >34M; benefits expected later 2024.
FY 2024 guidance: revenue $748-758M (~12-13% growth); adjusted EBITDA ~$67M (8.9% margin); 40 new stores.
Ended 2023 with $216.9M cash; new undrawn $120M revolving credit facility with JPMorgan/Citibank.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warby Parker Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $669.8 million. Guidance reaffirmed.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $669.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Warby Parker Announces Fourth Quarter and Full Year 2023 Results 2023 net revenue increased 12.0% to $669.8 million Average revenue per customer increased 9.3% year over year to $287 Expanded relationship with Versant Health, Inc. will nearly double lives with in-network access to >34 million

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