FIGS Q1 net revenue $120.2M (+9.2% YoY); guides FY23 revenue growth 5.5%-7.5%

FIGS, Inc.

2023-Q1 EPS reported $0.01 revenue$120,232,000

Net income of $1.9M ($0.01 diluted EPS); adjusted EBITDA $16.1M (13.4% margin).
Active customers rose 21.8% YoY to 2.4M; net revenue per active customer fell 4.4% to $216.
Gross margin 71.3%, up 10 bps; operating expenses increased 27.4% YoY to $82.4M.
Full-year 2023 outlook: net revenue growth 5.5%-7.5%, adjusted EBITDA margin 12%-13%.
CEO Trina Spear cited 'better than expected' Q1 performance, progress on key initiatives.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIGS, Inc. reported three months ended March 31, 2023 results: revenue $120.2 million, net income $1.9 million, EPS $0.01.

Period: three months ended March 31, 2023
Revenue: $120.2 million
Net income: $1.9 million
EPS: $0.01
Result: reported results

Exact text from the filing

our leadership position within the healthcare apparel industry, while driving profitable growth for the long term.” First Quarter 2023 Financial Highlights • Net revenues were $120.2 million, an increase of 9.2% year over year, driven by an increase in orders from existing and new customers, partially offset by lower average order value (“AOV”). • Gross margin was

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Source: SEC EDGAR

accession 0001628280-23-015728

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