secwatch.observer — SEC 8-K summary
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Issuer:     Warby Parker Inc. (WRBY)
CIK:        0001504776
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001504776-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504776/000150477624000003/0001504776-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504776/000150477624000003/wrby-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001504776-24-000003

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