earnings
confidence high
sentiment neutral
materiality 0.70
FIGS Q2 revenue $138.1M (+13% YoY); net income $4.6M; guides FY23 rev growth 5.5-7.5%
FIGS, Inc.
2023-Q2 EPS reported
$0.04
revenue$258,364,000
- Net revenues $138.1M (+13% YoY); net income $4.6M ($0.02 diluted EPS) vs $4.9M prior year.
- Adjusted EBITDA $18.9M (13.7% margin) vs $21.5M (17.6%) prior year, down $2.6M YoY.
- Active customers 2.5M (+21% YoY); AOV $115 (+5.5%); net revenue per active customer $215 (-5.3%).
- FY23 guidance: net revenue growth 5.5%-7.5%, adjusted EBITDA margin 12.5%-13.5%.
- Gross margin 69.5% (-110bps YoY) due to product mix shift and increased promotional sales.