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Jun 30, 2022
FIGS Q2 2022 Earnings Report
Net revenues and adjusted EBITDA results delivered ahead of expectations.
Key Takeaways
FIGS, Inc. reported a 20.9% year-over-year increase in net revenues, reaching $122.2 million in Q2 2022. The company's net income was $4.9 million, and the adjusted EBITDA margin was 17.6%.
Net revenues increased by 20.9% year-over-year to $122.2 million.
Gross margin decreased to 70.6%, a decrease of 270 basis points year over year.
Net income was $4.9 million, with diluted earnings per share at $0.03.
Active customers increased by 26.2% to 2.0 million.
FIGS
FIGS
Forward Guidance
FIGS is maintaining its net revenues outlook in the range of $510 to $530 million, representing year-over-year growth of approximately 22% to 26%, and adjusted EBITDA margin outlook in the range of 16% to 18%.
Positive Outlook
- Net revenues outlook maintained in the range of $510 to $530 million.
- Year-over-year growth of approximately 22% to 26% expected.
- Adjusted EBITDA margin outlook maintained in the range of 16% to 18%.