FIGS Q3 revenue +10.7% to $142.4M, raises FY guidance, appoints former Chewy CFO to board

FIGS, Inc.

2023-Q3 EPS reported $0.07 revenue$400,728,000

Q3 net revenues $142.4M (+10.7% YoY); net income $6.1M ($0.03 diluted EPS).
Adjusted EBITDA $24.4M (17.2% margin); free cash flow $46M in Q3.
Active customers rose 19.6% to 2.6M; AOV up 1.8% to $114.
Raised FY2023 outlook: net revenue growth ~8.5%, adjusted EBITDA margin ~14%.
Appointed former Chewy CFO Mario Marte to board, effective Nov 3; joins Audit Committee.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Mario Marte

Director

FIGS · FIGS, Inc.

Effective: 2023-11-03
Filed: November 2, 2023, 7:59 PM ET

On October 30, 2023, the Board of Directors (the “ Board ”) of the Company appointed Mario Marte to serve as a member of the Board, effective November 3, 2023 (the “ Effective Date ”).

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIGS, Inc. reported three and nine months ended September 30, 2023 results: revenue $142.4 million, net income $6.1 million, EPS $0.03 per diluted share. Guidance raised.

Period: three and nine months ended September 30, 2023
Revenue: $142.4 million
Net income: $6.1 million
EPS: $0.03 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. Third Quarter 2023 Financial Highlights • Net revenues were $142.4 million, an increase of 10.7% year over year, driven by an increase in orders from existing and new customers and, to a lesser extent, an increase in average order value (“AOV”). • Gross

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Marte was appointed as Director at FIGS, Inc..

Action: appointed
Role: Director

Exact text from the filing

On October 30, 2023, the Board of Directors (the “ Board ”) of the Company appointed Mario Marte to serve as a member of the Board, effective November 3, 2023 (the “ Effective Date ”).

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FIGS, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-036402

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