FIGS, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:05 pm EST
Share
FIGS, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 144.92 million compared to USD 144.9 million a year ago. Net income was USD 10 million compared to USD 3.39 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.02 a year ago.
For the full year, the company reported sales was USD 545.65 million compared to USD 505.84 million a year ago. Net income was USD 22.64 million compared to USD 21.19 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago.
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle brand. The Company sells products designed to serve the particular needs of healthcare professionals primarily through its direct-to-consumer (DTC) digital platform, consisting of its Website, mobile app and B2B business (TEAMS). Its offerings include scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. Its non-scrubwear products are designed as an integrated system that complements its scrubwear and are comprised of base layer and outer layer products. Its underscrubs include sports bras, performance leggings, performance tops and super-soft pima cotton tops. Its under underscrubs include several styles of underwear. Its outer layer products include footwear, lab coats, and a variety of vests, jackets, and fleeces. It also offers necessities, such as scrub caps, lanyards, badge reels, tote bags, baseball caps and beanies.
FIGS, INC. 
