Brilliant Earth Q3 net sales $111.4M (+17% YoY), gross margin record 54.7%, lowers FY revenue outlook

Brilliant Earth Group, Inc.

2022-Q3 EPS reported $0.10 revenue$320,252,000

Net sales $111.4M (+17%); total orders +28.1% to 36,977; AOV -8.7% to $3,013.
Gross margin expanded 430 bps to record 54.7%; net income $5.7M vs $4.0M YoY; adj. EBITDA $10.0M.
GAAP diluted EPS $0.05, adj. diluted EPS $0.07; maintains adj. EBITDA outlook but cautious on Q4 revenue.
Opened 10 new showrooms in 2022, now 25 total; continues omnichannel expansion.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Brilliant Earth Group, Inc. reported three and nine months ended September 30, 2022 results: revenue $111.4 million, net income $5.7 million, EPS $0.05. Guidance reaffirmed.

Period: three and nine months ended September 30, 2022
Revenue: $111.4 million
Net income: $5.7 million
EPS: $0.05
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced financial results for the three and nine months ended September 30, 2022. Third Quarter 2022 Highlights (quarterly period ended September 30, 2022): • Net sales were $111.4 million, a 17.0% increase over the prior year , with strong omnichannel performance across the Company's products. • Gross margin expanded by 430 basis points to a record 54.7% for the

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Source: SEC EDGAR

accession 0001866757-22-000197

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