Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Brilliant Earth Group, Inc. reported three months ended December 31, 2023 results: revenue $124.3 million, net income $1.9 million, EPS $0.02.
- Period
- three months ended December 31, 2023
- Revenue
- $124.3 million
- Net income
- $1.9 million
- EPS
- $0.02
- Result
- reported results
Exact text from the filing
Fourth Quarter 2023 Highlights • Net sales increased 4.0% to $124.3 million compared to $119.6 million in the fourth quarter of 2022, with 17.9% growth in Total Orders partially offset by a 11.8% decrease in AOV. • Gross profit was $73.0 million , or a 58.7% gross profit margin, compared to $65.4 million, or a 54.7% gross profit margin, in the fourth quarter of 2022. • Net income was $1.9 million, compared to $6.2 million in the fourth quarter of 2022. • Adjusted EBITDA was $5.3 million , compared to $11.0 million in the fourth quarter of 2022 (3) . 1 Fourth Quarter Results Q4 2023 Q4 2022 % Change* Total Orders 52,935 44,898 17.9% AOV $ 2,349 $ 2,664 (11.8)% ($ in millions, except per share amounts) Net Sales $ 124.3 $ 119.6 4.0% Gross Profit $ 73.0 $ 65.4 11.6% Gross Margin 58.7% 54.7% 400bps Net income allocable to Brilliant Earth Group, Inc. (1) $ 0.2 $ 0.7 (71.4)% Net income, as reported $ 1.9 $ 6.2 (68.6)% Net income margin 1.6% 5.2% (360)bps Adjusted net income (3) $ 3.5 $ 8.0 (
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Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Brilliant Earth Group, Inc. reported fiscal year ended December 31, 2023 results: revenue $446.4 million, net income $4.7 million, EPS $0.04.
- Period
- fiscal year ended December 31, 2023
- Revenue
- $446.4 million
- Net income
- $4.7 million
- EPS
- $0.04
- Result
- reported results
Exact text from the filing
Brilliant Earth Reports Fourth Quarter and Fiscal Year 2023 Results Growth Rate Exceeded the Industry by an Estimated 750 bps in 2023 Exceeded Profitability Expectations and Increased 2023 Gross Margin by 430 bps to 57.6% Generated 2023 GAAP Diluted EPS of $0.04 and 2023 Adjusted Diluted EPS of $0.17 Provides Q1 and Full Year 2024 Guidance SAN FRANCISCO, Calif. – March 14, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, 2023. Fourth Quarter and Fiscal Year 2023 Highlights (quarterly and annual periods ended December 31, 2023): • Delivered record net sales of $124.3 million and $446.4 million in the fourth quarter and fiscal year, respectively • Growth rate exceeded the industry by an estimated 750 basis points in 2023 • Achieved a record level of orders in the quarter and year, grow
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