Our results, while below our expectations, are a testament to the powerful combination of our unique business model and the largely non-discretionary and replenishment nature of our workwear products, said Co-CEO and Co-Founder, Trina Spear. Honey and agave figs have golden and yellow pulp, sometimes ranging to caramel, with light skin, usually yellow. SANTA MONICA, Calif.--(BUSINESS WIRE)-- An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. 3XL-6XL NEW. If you continue to use this site we will assume you are happy with it. You must click the activation link in order to complete your subscription. Our Limited Edition scrubs are ordered in smaller quantities and typically sell out FAST. The Company calculates net revenues per active customer as the sum of the total net revenues in the preceding 12-month period divided by the current period active customers. The Company calculates average order value as the sum of the total net revenues in a given period divided by the total orders placed in that period. Join. 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. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. 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. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. After a long day, you have germs all over you, especially on your chest. 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.. The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by net revenues. I was able to get my hands on a few styles and wanted to share my opinions and review of them with you. A recording will be available shortly after the conclusion of the call until 11:59 p.m. 8.2K views, 2 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! This video is all about Figs brand new red scrubs! Colour comparison between heathered core ultra light grey (hculg), heathered core medium grey (hcmg), & heathered speckled black. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Royal Blue. A recording will be available shortly after the conclusion of the call until 11:59 p.m. The series revolves around Velma Dinkley and the other human . Our Core Colors (Black, Ceil Blue, Graphite, Navy, Royal Blue, and Burgundy) are replenished/restocked frequently, so have no fear therethose should almost always be available. FIGS was recognized as one of the fastest-growing companies in the United States by Inc. in 2018, with the company having a three-year growth of 9,948%. FIGS management will host a conference call that day at 2:00 p.m. PT / 5:00 p.m. Our Core Colors are Black, Ceil Blue, Graphite, Navy, Burgundy, and Royal Blue. 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. 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. Sugar figs tend to have amber/brown pulp, sometimes ranging to red, with dark skin of various colors. It is mandatory to procure user consent prior to running these cookies on your website. The following table presents a reconciliation of Net income, as adjusted and Diluted earnings per share, as adjusted to Net income (loss), which is the most directly comparable financial measure calculated in accordance with GAAP: Three months ended (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. Non-GAAP Financial Measures and Key Operating Metrics. What are the FIGS limited edition colors? Table of Contents. 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: Inspired by all the ways you GO fast, slow, get em, til you drop, for it, hard, big, etc.Jun 3, 2019, All sizes of our Core Scrubs are replenished frequently and should never be out of stock. The Company calculates net revenues per active customer as the sum of the total net revenues in the preceding 12-month period divided by the current period active customers. The Company calculates average order value as the sum of the total net revenues in a given period divided by the total orders placed in that period. Inspired by all the ways you. Everyday Style Advice | Petite Fashion | KonMari Philosophy | Capsule Wardrobes, New Fall Colors: FIGS Scrubs Review + Update on Quality One Year Later. You can sign up for additional alert options at any time. Click the color picker and select the gradient option. Nowadays, many employees who work in healthcare are required to wear medical scrubs, although they arent nurses, and many who dont work in healthcare wear scrubs, too. 9.6K views, 5 likes, 0 loves, 1 comments, 1 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! Our performance in Q1 reflected our continued ability to pair high revenue growth with strong profitability. FIGS Core scrubs are always in stock, always in style, and now available in sizes 3XL6XL. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the impact of COVID-19 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 Companys ability to attract and retain highly skilled personnel and senior management; 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 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 March 31, 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. The Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. (1) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. First off, FIGS has been releasing amazing new color options in their go-to scrub designs. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. (2) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. 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 material was neither breathable nor flexible, which are deal breakers given the hot and humid climate where I live. I read somewhere that Figs scrubs are made of antimicrobial cloth. (1) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. There will be something else soon!Jan 5, 2022. SANTA MONICA, Calif. -- (BUSINESS . Starting in January 2023, we'll be introducing more styles and colors in our full size range each quarter with additional short, petite, and tall options. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If your size is sold out in a Limited Edition style, it may be gone for good but dont worry! ET to discuss the Companys financial and business results and outlook. By right-sizing inventory and controlling costs while continuing to make strategic investments in the long-term growth of our business, we expect to further advance our leadership position in the market.. Can unsubscribe to any of the investor alerts you are subscribed to visiting. Material was neither breathable nor flexible, which are deal breakers given the hot and humid climate where live., especially on your chest and agave figs have golden and yellow pulp, sometimes ranging caramel. Diluted shares outstanding is all about figs brand new red scrubs complete subscription... Out FAST releasing amazing new color options in their go-to scrub designs taxes related to equity award activity create advanced. Made of antimicrobial cloth few styles and wanted to share my opinions and review of with... 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