Brilliant Earth reports 15.7% FY net sales growth to $439.9M; Q4 diluted EPS $0.05, adj. $0.08

Brilliant Earth Group, Inc.

FY 2022 net sales $439.9M, up 15.7% YoY; Q4 net sales $119.6M, down 1.9% YoY per AOV decline.
Q4 gross margin expanded 360bps to 54.7%; FY gross margin up 400bps to 53.3%.
FY 2022 net income $19.0M; adjusted EBITDA $39.0M; Q4 net income $6.2M.
Total orders rose 13.7% in Q4; AOV fell 13.7% to $2,664.
Company introduces FY 2023 outlook expecting continued profitable growth.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Brilliant Earth Group, Inc. reported the three and twelve months ended December 31, 2022 results: revenue $119.6 million and $439.9 million, net income $6.2 million and $19.0 million, EPS Q4 GAAP Diluted EPS of $0.05 and Q4 Adjusted Diluted EPS of $0.08. Guidance initiated.

Period: the three and twelve months ended December 31, 2022
Revenue: $119.6 million and $439.9 million
Net income: $6.2 million and $19.0 million
EPS: Q4 GAAP Diluted EPS of $0.05 and Q4 Adjusted Diluted EPS of $0.08
Guidance: initiated
Result: reported results

Exact text from the filing

three and twelve months ended December 31, 2022. Fourth Quarter and Fiscal Year 2022 Highlights (quarterly and annual periods ended December 31, 2022): • Delivered net sales of $119.6 million and $439.9 million for the fourth quarter and fiscal year, respectively, achieving a record level of orders for the year and reflecting growing demand for and resonance of the

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Source: SEC EDGAR

accession 0001866757-23-000043

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