Brilliant Earth beats Q3 profit targets; order volume up 17%, net sales +2.5%

Brilliant Earth Group, Inc.

2023-Q3 EPS reported $0.02 revenue$322,036,000

Net income of $2.0M; GAAP diluted EPS $0.02, adjusted diluted EPS $0.05.
Net sales $114.2M (+2.5% YoY); gross margin expanded 380 bps to 58.5%.
Order volume 43,161 (+17% YoY); average order value fell 12.2% to $2,645.
Adjusted EBITDA $7.6M (6.7% margin vs 8.9% a year ago).
Unaided brand awareness more than doubled since May 2022; 37 showrooms open.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Brilliant Earth Group, Inc. reported the three and nine months ended September 30, 2023 results: revenue $114.2 million, net income $2.0 million, EPS $0.02.

Period: the three and nine months ended September 30, 2023
Revenue: $114.2 million
Net income: $2.0 million
EPS: $0.02
Result: reported results

Exact text from the filing

financial results for the three and nine months ended September 30, 2023. Third Quarter 2023 Financial Highlights (compared to Third Quarter 2022): • Delivered net sales of $114.2 million , a 2.5% in crease year-over-year, and growth of 22% on a four - year CAGR basis • Increased order volume by 17% • Expanded gross margin by 380 bps to 58.5% • Generated strong

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Source: SEC EDGAR

accession 0001866757-23-000193

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