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Dec 31, 2023
FIGS Q4 2023 Earnings Report
Reported flat year-over-year net revenues, increased net income, and improved adjusted EBITDA margin.
Key Takeaways
FIGS reported flat net revenues year-over-year at $144.9 million for Q4 2023. However, the company saw an increase in net income to $10.0 million and an improved adjusted EBITDA margin of 18.4%.
Net revenues were $144.9 million, flat year over year, impacted by a $4.7 million accounting reclassification.
Gross margin was 67.5%, a decrease of 70 basis points year over year, impacted by a $4.7 million accounting reclassification.
Net income was $10.0 million, an increase of $6.6 million year over year.
Adjusted EBITDA was $26.6 million, an increase of $6.8 million year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects demand to be impacted by macroeconomic factors and healthcare workforce related stress in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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