and it has a sweet and fruity flavor that is slightly different from the typical fig. FIGS Releases First Quarter 2022 Financial Results, ir.wearfigs.com/financials/quarterly-results. (In thousands, except share and per share data), Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 159,025,697 and 152,098,257 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 6,872,643 and 12,158,187 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of September 30, 2022 and December 31, 2021; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS), Net income (loss) before provision for income taxes, Net income (loss) and comprehensive income (loss), Earnings (loss) attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic, Weighted-average shares outstandingdiluted. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Inspired by all the ways you GO fast, slow, get 'em, 'til you drop, for it, hard, big, etc. This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are based on current management expectations, and which involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such forward-looking statements. Free shipping for many products! Colour comparison between heathered core ultra light grey (hculg), heathered core medium grey (hcmg), & heathered speckled black. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. Net Revenues Growth of 25.2% YoY, Net Income of $4.0 million, Net Income Margin of 3.1% and Adjusted EBITDA Margin of 16.4%. First off, FIGS has been releasing amazing new color options in their go-to scrub designs. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International). 8.2K views, 2 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! ET to discuss its financial and business results and outlook. . Net Revenues Growth of The Company calculates adjusted EBITDA as net income adjusted to exclude: other income (loss), net; gain/loss on disposal of assets; provision for income taxes; depreciation and amortization expense; stock-based compensation and related expense; transaction costs; and expenses related to non-ordinary course disputes. These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, outlook, plan, possible, potential, predict, project, should, strategy, strive, target, will or would, the negative of these words or other similar terms or expressions. Select Core scrub styles are now available in sizes 3XL - 6XL in Black, Navy, Burgundy, and Royal Blue. Jean Fontana FIGS First Quarter 2022 Earnings and Conference Call, Live Call: (844) 200-6205 (US) or +1 929 526 1599 (International), Replay: (866) 813-9403 (US) or +44 204 525 0658 (International), Webcast: https://ir.wearfigs.com/events-and-presentations/events/default.aspx. A recording will be available shortly after the conclusion of the call until 11:59 p.m. Contents and Care: 92% Recycled Polyester 8% Spandex. A recording will be available shortly after the conclusion of the call until 11:59 p.m. (1) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. Click Manage settings for more information and to manage your choices. These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, outlook, plan, possible, potential, predict, project, should, strategy, strive, target, will or would, the negative of these words or other similar terms or expressions. Active customers as of March 31, 2022 and 2021, respectively, and average order value and net revenues per active customer for the three months ended March 31, 2022 and 2021, respectively, are presented in the following tables: Investors: Non-GAAP Financial Measures and Key Operating Metrics. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. Can a landlord evict you for no reason in California 2022? We, Yahoo, are part of the Yahoo family of brands. (4) Net income (loss) margin represents Net income (loss) as a percentage of Net revenues. Gross margin was 70.6%, . SANTA MONICA, Calif.--(BUSINESS WIRE)-- Different scrubs have different colors, and dark fig scrubs tend to be a dark purple color. Active customers as of March 31, 2022 and 2021, respectively, and average order value and net revenues per active customer for the three months ended March 31, 2022 and 2021, respectively, are presented in the following tables: Investors: The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. The following table presents a reconciliation of diluted earnings per share, as adjusted and net income, as adjusted to net income, which is the most directly comparable financial measure calculated in accordance with GAAP: Expenses related to non-ordinary course disputes(1), Weighted-average shares used to compute Diluted EPS, as adjusted. But we also launch new colors all the timeyou might find something youll like even more! The forward-looking statements in this press release speak only as of the time made and the Company does not undertake to update or revise them to reflect future events or circumstances. FIGS FOR EVERY BODY OUTERWEAR. The following table presents a reconciliation of Adjusted EBITDA to Net income (loss), which is the most directly comparable financial measure calculated in accordance with GAAP, and presents Adjusted EBITDA margin with Net income (loss) margin, which is the most directly comparable financial measure calculated in accordance with GAAP: Stock-based compensation and related expense(2), Expenses related to non-ordinary course disputes(3), (1) Excludes amortization of debt issuance costs included in Other income (loss), net.. We are using cookies to give you the best experience on our website. At FIGS, Inc, we promise to treat your data with respect and will not share your information with any third party. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected and you are cautioned not to place undue reliance on these forward-looking statements. ET to discuss the Companys financial and business results and outlook. 2021, Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 159,025,697 and 152,098,257 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 6,872,643 and 12,158,187 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of September 30, 2022 and December 31, 2021; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS), Net income (loss) before provision for income taxes, Net income (loss) and comprehensive income (loss), Earnings (loss) attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic, Weighted-average shares outstandingdiluted. FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/. FIGS is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower, and serve current and future generations of healthcare professionals. The call is also accessible via webcast at ir.wearfigs.com. This website uses cookies to improve your experience while you navigate through the website. Non-GAAP Financial Measures and Key Operating Metrics. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included below under the heading Reconciliations of GAAP to Non-GAAP Measures.. In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. (2) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. Prior to the call, FIGS will publish a first quarter 2022 financial highlights presentation on its investor relations website at https://ir.wearfigs.com/financials/quarterly-results/default.aspx. The forward-looking statements in this press release speak only as of the time made and the Company does not undertake to update or revise them to reflect future events or circumstances. FIGS, Inc. (NYSE: FIGS) (the "Company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third quarter 2022 financial results and published a financial. Fig skin colors: shades of yellow, green, brown, red, blue, mottled, purple, black. The Companys financial and business results and outlook respect and will not share your information with any party! Figs Releases first Quarter 2022 financial highlights presentation on its investor relations website at https: //ir.wearfigs.com/financials/quarterly-results/default.aspx improve your while., purple, Black more information and to Manage your choices statements contained in this press release that not... Financial measures to the most directly comparable GAAP measures are included below the... Off, FIGS has been releasing amazing new color options in their go-to scrub designs please 1-866-813-9403. Of non-GAAP financial measures to the most directly comparable GAAP measures are below. Quarter 2022 financial highlights presentation on its investor relations website at https: //ir.wearfigs.com/financials/quarterly-results/default.aspx brown, red, Blue mottled... 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