secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001628280-23-005551
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS Q4 revenue $144.9M (+12.6% YoY), guides FY23 mid-single digit growth
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- Q4 net income $3.4M ($0.02 diluted EPS); adjusted EPS $0.05; adjusted EBITDA $19.8M (13.6% margin).
- Full year 2022 net revenue $505.8M (+20.6% YoY); net income $21.2M ($0.11 diluted EPS).
- Active customers 2.3M (+22.5% YoY); net revenue per active customer $221 (-1.3% YoY).
- FY23 outlook: net revenue mid-single digit growth; adjusted EBITDA margin 11%-12%.
- Gross margin 70.1% for FY22, down 170 bps YoY due to promotional mix and higher freight costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000162828023005551/0001628280-23-005551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000162828023005551/figs-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005551

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