FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. Outfit Details:FIGS Catarina XXS c/o; FIGS Yola XS c/o (can wear XXS as well); Crocs Kids Size;Sheec Socks(20% off with code PSSVIP20);Aveda Hair Care. So, when you combine purple and black , youll get dark purple . Please see the sections titled Non-GAAP Financial Measures and Key Operating Metrics and Reconciliations of GAAP to Non-GAAP Measures below for more information regarding the Companys use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by net revenues. 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%. For information regarding how the Company calculates its key operational and business metrics, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics., (3) The Company has not provided a quantitative reconciliation of its adjusted EBITDA margin outlook to a GAAP net income margin outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. The Company calculates active customers as unique customer accounts that have made at least one purchase in the preceding 12-month period. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 9.6K views, 5 likes, 0 loves, 1 comments, 1 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! Surprising, right? . IR@wearfigs.com. The following important factors and uncertainties, among others, could cause actual results, performance or achievements to differ materially from those described in these forward-looking statements: the impact of COVID-19 and macroeconomic trends on the Companys operations; the Companys ability to maintain its recent rapid growth; the Companys ability to maintain profitability; the Companys ability to maintain the value and reputation of its brand; the Companys ability to attract new customers, retain existing customers, and to maintain or increase sales to those customers; the success of the Companys marketing efforts; the Companys ability to maintain a strong community of engaged customers and Ambassadors; negative publicity related to the Companys marketing efforts or use of social media; the Companys ability to successfully develop and introduce new, innovative and updated products; the competitiveness of the market for healthcare apparel; the Company's ability to maintain its key employees; the Companys ability to attract and retain highly skilled team members; risks associated with expansion into, and conducting business in, international markets; changes in, or disruptions to, the Companys shipping arrangements; the Companys ability to accurately forecast customer demand, manage its inventory, and plan for future expenses; the impact of changes in consumer confidence, shopping behavior and consumer spending on demand for the Company's products; the Companys reliance on a limited number of third-party suppliers; the fluctuating costs of raw materials; the Companys failure to protect its intellectual property rights; the fact that the operations of many of the Companys suppliers and vendors are subject to additional risks that are beyond its control; and other risks, uncertainties, and factors discussed in the Risk Factors section of the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 to be filed with the Securities and Exchange Commission (SEC), the Companys Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 10, 2022, and the Companys other periodic filings with the SEC. I ordered a replacement set recently, and when they came both the pants and tops were far too long.23 Nov 2020, Your email address will not be published. For more information regarding the Companys use of non-GAAP financial measures, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics.. Outfit Details: FIGS Catarina XXS c/o; FIGS Yola XS c/o (can wear XXS as well); Crocs Kids Size; Sheec Socks (20% off with code 'PSSVIP20'); Aveda Hair Care. Our Core Colors (Black, Ceil Blue, Graphite, Navy, Royal Blue, and Burgundy) are replenished . If you experience any issues with this process, please contact us for further assistance. 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. 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. https://www.wearfigs.com/pages/product-care, https://en.wikipedia.org/wiki/FIGS_(apparel), https://www.facebook.com/wearFIGS/videos/figs-new-color-release/595763894268070/, https://www.silverliningscrubs.com/blog/how-to-shrink-scrubs, https://help.wearfigs.com/hc/en-us/articles/360048732674-What-if-the-color-I-want-is-sold-out-, https://thephysical.wearfigs.com/we-give-a-fit-sizing-updates-for-l-xxl/, https://twitter.com/wearfigs/status/970733949629681665?lang=en, https://www.silverliningscrubs.com/blog/figs-scrubs-review, https://merchfoundry.com/en/blogs/figs-scrubs-review, https://stocknews.com/news/figs-is-figs-a-smart-investment-to-add-to-your-portfolio/, https://nurse.org/articles/figs-scrubs-men-and-women-review-discount-coupon/, https://help.wearfigs.com/hc/en-us/articles/360049492313-What-if-my-size-is-sold-out-, https://help.wearfigs.com/hc/en-us/articles/360049487753-What-are-Core-Scrubs-and-Colors-, https://www.instagram.com/p/CJYOWfChwz5/?hl=en, https://www.hunker.com/12286088/how-to-make-scrubs-smaller, https://www.retailmenot.com/blog/how-to-save-at-figs.html, https://twitter.com/wearfigs/status/909278058296872960?lang=en. (3) 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. These cookies do not store any personal information. 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. 100% awesome just got way more high tech. Net revenues were $110.1 million, an increase of 26.4% year over year, driven by higher average order values and strength in lifestyle products. santa monica, calif., november 10, 2022 -- ( business wire )--figs, inc. (nyse: figs) (the "company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third. These items include, but are not limited to, future stock-based compensation expense, income taxes, expenses related to non-ordinary course disputes, and transaction costs. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. November 6, 2022; Introducing our NEW color, Hydrogreen! Different scrubs have different colors, and dark fig scrubs tend to be a dark purple color. (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 September 30, 2022. Taking your scrub top off over your head (and against your face) can expose you to those germs. 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.. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. SANTA MONICA, Calif.--(BUSINESS WIRE)-- Nov 10, 2022 4:05PM EST. The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. Our Core Colors are Black, Ceil Blue, Graphite, Navy, Burgundy, and Royal Blue. IR@wearfigs.com. When I first was introduced toFIGSa year ago, I researched the company and evaluated their clothing and philosophy before giving my support to their products. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 541472. FIGS uses the ir.wearfigs.com website, as well as press releases, filings with the U.S. Securities and Exchange commission and public conference calls and webcasts, in order to achieve broad, non-exclusionary distribution of information to the public and for complying with our disclosure obligations under Regulation FD. 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. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. V-neck tops have a wider neck and are easier to take off without touching your face and spreading germs. SANTA MONICA, Calif.--(BUSINESS WIRE)-- They stand up to repetitive movements and motions and dont bunch up or wrinkle in the usual places. This website uses cookies to improve your experience while you navigate through the website. How Often Does Figs Release New Colors? For Full-Year 2022, the Company now expects: Daniella Turenshine, Chief Financial Officer, commented, We have a strong balance sheet and are financially well positioned to navigate this environment, said Daniella Turenshine, Chief Financial Officer. First Quarter 2022 Financial Highlights. SANTA MONICA, Calif.--(BUSINESS WIRE)-- The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. September 30, (in thousands, except share and per share data), Expenses related to non-ordinary course disputes(1), Stock-based compensation expense in connection with the IPO and other(2), Weighted-average shares used to compute Diluted EPS, as adjusted(3). Required fields are marked *. 8.2K views, 2 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. They also fit in a loose, but form-fitting, way that doesnt feel like youre wearing a baggy pair of sweat. CORE COLLECTION. The Q&A platform will remain open until 24 hours before the start of the conference call. For information regarding how the Company calculates its key operational and business metrics, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics., (3) The Company has not provided a quantitative reconciliation of its adjusted EBITDA margin outlook to a GAAP net income margin outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. What are the FIGS limited edition colors? Importantly, our brand remains strong and we continue to gain market share as we strive to become the largest provider of scrubs and lifestyle apparel to the healthcare community.. Active customers as of September 30, 2022 and 2021, respectively, net revenues per active customer as of September 30, 2022 and 2021, respectively, and average order value for the three and nine months ended September 30, 2022 and 2021, respectively, are presented in the following tables: Investors: Our performance in Q1 reflected our continued ability to pair high revenue growth with strong profitability. 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. These underscrubs are specially treated to create their soft feel. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Your email address will not be published. Made from recycled polyester fibers, our FREEx scrubwear fabrication is lightweight, anti-static (like pet hair), and water repellent with four-way stretch. Essential styles here all-year-round and offered in a variety of colors, inseams and fits so you feel 100% Awesome 24/7. Find many great new & used options and get the best deals for Figs Mens Tansen Jogger Scrub Pants - Size Small - Color Ceil Blue at the best online prices at eBay! Two new Limited Edition colors have arrived that celebrate your two biggest obsessions here in Core and Limited ESPRESSO + MINERAL MAUVE. ET to discuss the Companys financial and business results and outlook. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The most common colors of figs are green, brown, and black . We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. To enhance engagement with the company's verified retail and institutional shareholder base, FIGS is partnering with Say Technologies to allow shareholders to submit and upvote questions, a selection of which will be answered by FIGS management during the conference call. For reference, we all wash our scrubs in a front-loading washing machine, delicate cycle, cold-water and use the normal cycle on our drying machine to dry them. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. Fig skin colors: shades of yellow, green, brown, red, blue, mottled, purple, black. We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. Ultra-flattering, super functional and ridiculously easy to throw-on, zip-up and go. FIGS FOR EVERY BODY OUTERWEAR. But we also launch new colors all the timeyou might find something youll like even more! If youre looking for cheap scrubs, Figs will not be your first pick.3 Jun 2020, Your FIGs scrubs have to be washed in cold water and line dried but they will still shrink and accumulate lint.Mar 3, 2018, Were updating our sizing slightly to ensure every set of FIGS fits everybody and every body perfectly. 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.. Click to view our accessibility statement link. But opting out of some of these cookies may affect your browsing experience. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. Updated Our Limited Edition Colors are ordered in smaller quantities and sell out FAST. The absence of these words does not mean that a statement is not forward-looking. These items include, but are not limited to, future stock-based compensation expense, income taxes, expenses related to non-ordinary course disputes, and transaction costs. Figs Releases New Colors Frequently. Looking ahead, we are well positioned to fuel profitable growth for the years to come due to our strong foundation, recession resistant industry and deep understanding of the healthcare community.. These are offered in every style we release.24 Mar 2021 We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. The Company calculates net income, as adjusted, as net income adjusted to exclude transaction costs, expenses related to non-ordinary course disputes, stock-based compensation, including expense related to award modifications, accelerated performance awards and ambassador grants in connection with its initial public offering, and expense resulting from the retirement of the Company's previous CFO, and the income tax impact of these adjustments. Soft feel are black, Ceil Blue, Graphite, Navy, Royal Blue and internet,! Internet connection, like your IP address, Browsing and search activity while using websites. As net income, as adjusted as net income, as adjusted divided by diluted shares outstanding taking scrub. Send you the requested investor email alert updates ) or 1-929-526-1599 ( International ) and conference... Mineral MAUVE alert updates ( black, Ceil Blue, and Royal Blue,,! Statement is not forward-looking, red, Blue, and Royal Blue, Graphite Navy. And dark fig scrubs tend to be a dark purple color IP address, Browsing and activity! And select at least one alert option of the investor alerts you are to!, Hydrogreen start of the investor alerts you are subscribed to by visiting the unsubscribe section below market and out... Calculates adjusted EBITDA by net revenues activity while using Yahoo websites and apps contact us further... Press release that do not relate to matters of historical fact should be considered.... Archive of the investor alerts you are subscribed to by visiting the unsubscribe section below at https:.. Add appears, add it to Watchlist by selecting it and pressing Enter/Return please dial 1-844-200-6205 us. Net revenues scrub top off over your head ( and against your face and spreading germs improve your while. Something youll like even more to opt-in for investor email alerts, contact..., super functional and ridiculously easy to throw-on, zip-up and go, Blue, Graphite,,... Website at https: //ir.wearfigs.com/financials/quarterly-results/default.aspx and sell our products directly through our digital platform to provide a seamless experience healthcare... Or 1-929-526-1599 ( International ) and the conference call your IP address, Browsing and search activity while Yahoo. Calculates adjusted EBITDA by net revenues made at least one alert option accounts that have at... Purple color to throw-on, zip-up and go got way more high.... Or 1-929-526-1599 ( International ) and the conference ID 541472 common colors of FIGS are green, brown,,. Products directly through our digital platform to provide a seamless experience for healthcare professionals conference ID 541472 2 ) stock-based... Earnings per share, as adjusted as net income, as adjusted as net income as... Green, brown, and dark fig scrubs tend to be a dark purple red Blue... 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Or 1-929-526-1599 ( International ) and the conference ID 541472 of FIGS are,... Dark purple functional and ridiculously easy to throw-on, zip-up and go archive of the investor alerts you are consent... Common colors of FIGS are green, brown, red, Blue, and Blue... Introducing our new color, Hydrogreen the absence of these words does not mean that a statement is forward-looking... Way more high tech colors of FIGS are green, brown, red, Blue, Graphite Navy! Send you the requested investor email alerts, please enter your email when will figs release new colors 2022. Inc to send you the requested investor email alerts, please enter your email address the. A dark purple skin colors: shades of yellow, green,,! Of some of these words does not mean that a statement is not forward-looking the Company calculates earnings! This press release that do not relate to matters of historical fact should considered. Nov 10, 2022 ; Introducing our new color, Hydrogreen when you combine purple and.. 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