earnings
confidence high
sentiment positive
materiality 0.75
FIGS Q2 rev $144.2M (+4.4%), net income $1.1M; announces $50M buyback; FY2024 EBITDA margin 9.5%-10%
FIGS, Inc.
2024-Q2 EPS reported
$0.01
revenue$263,518,000
- Net revenues $144.2M (+4.4% YoY); active customers 2.6M (+6.1% YoY).
- Net income $1.1M ($0.01 diluted EPS) vs $4.6M last year; Adj. EBITDA $12.9M (9.0% margin).
- Q2 results exceeded prior outlook for both net revenues and adjusted EBITDA margin.
- Board authorized $50M share repurchase program, no expiration date.
- FY2024 guidance: net revenues flat to 2% growth; adj. EBITDA margin 9.5%-10%.