secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001628280-22-029492
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS Q3 net rev $128.6M (+25.2% YoY); adj EBITDA margin 16.4%
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- Net income $4.0M, diluted EPS $0.02; adjusted EPS also $0.02.
- Gross margin 70.6%, down 210 bps YoY on higher freight costs and promotional mix.
- Active customers 2.2M (+23.6%); AOV $112 (+9.8%) on higher units per transaction.
- Full-year 2022 guidance: net rev ~$495M (~18% YoY growth), adj EBITDA margin ~16%.
- Adjusted EBITDA $21.0M, margin 16.4% vs 21.6% last year, down on cost pressures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/figs-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029492

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