Browse our uniforms that blend a relaxed feel with an elegant look, and order your galaxy blue scrubs today! Active customers as of March 31, 2022 and 2021, respectively, and average order value and net revenues per active customer for the three months ended March 31, 2022 and 2021, respectively, are presented in the following tables: Investors: Click to view our accessibility statement link. 25.2% YoY, Net Income of $ 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%. Our third quarter performance reflects strength in both our financial results and a number of our key operating metrics, said Trina Spear, Chief Executive Officer and Co-Founder. ET to discuss the Companys financial and business results and outlook. (3) We adjust the weighted-average number of shares outstanding for the dilutive effect of potential common equivalent shares in each period presented. 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. Our Limited Edition scrubs are ordered in smaller quantities and typically sell out FAST. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, our actual results performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. So, when you combine purple and black , youll get dark purple . 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. FIGS management will host a conference call that day at 2:00 p.m. PT / 5:00 p.m. Use the eyedropper tool Select the object youd like to edit. Shop Limited Edition Scrubs for women Shop Limited Edition Scrubs for men FIGS Releases Third Quarter 2022 Financial Results. 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. Developed by Charlie Grandy for HBO Max, it stars executive producer Mindy Kaling as the voice of the titular character, with Sam Richardson, Constance Wu and Glenn Howerton in supporting roles. These forward-looking statements address various matters, including the Companys adjustment to and ability to navigate current macroeconomic conditions; the Companys plan to implement product innovation, customer engagement strategies and maintain cost pressures; the Companys aim to become the largest provider of scrubs and lifestyle apparel to the healthcare community; the Companys plan to right-size inventory and control costs; the Companys plan to invest in the long-term growth of the business; the Company's advancement of its leadership position in the market and the Companys outlook as to net revenues and adjusted EBITDA margin for the full year ending December 31, 2022; all of which reflect the Companys expectations based upon currently available information and data. Figs scrubs are also known to be breathable, quick-drying, and offer protection against liquid spills. The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. We also use third-party cookies that help us analyze and understand how you use this website. Regular Length Pants Review, FIGS Scrubs Review of Activewear Bra, Leggings & Socks. 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.. FIGS FOR EVERY BODY OUTERWEAR. Colour comparison between heathered core ultra light grey (hculg), heathered core medium grey (hcmg), & heathered speckled black. 9.6K views, 5 likes, 0 loves, 1 comments, 1 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! 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 the IPO, and expense resulting from the retirement of the Company's previous CFO, and the income tax impact of these adjustments. Berry figs tend to have red pulp sometimes ranging to purple, with dark or light skin. This means, purchasing an item through one of my links may earn me a small commission without affecting your own purchase. Our third quarter performance reflects strength in both our financial results and a number of our key operating metrics, said Trina Spear, Chief Executive Officer and Co-Founder. 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. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. The quality is real. The following table presents a reconciliation of adjusted EBITDA to net income, which is the most directly comparable financial measure calculated in accordance with GAAP: Stock-based compensation and related expense(2), Expenses related to non-ordinary course disputes(3), (1) Excludes amortization of debt issuance costs included in Other income (loss), net.. Every fig style release includes a set of Core Colors (Black, Ceil Blue, Graphite, Navy, Burgundy, and Royal . All other shades of figs are considered to be dark figs. Outfit Inspiration: 5 Easy Fall Outfit Ideas, Best Leather Jacket Alternative | Black Twill Moto Jacket, 2 Go-To Dresses for Any Occasion: LBD + Lace, Ultimate Holiday Gift Guide: Gifts for Healthcare Professionals, FIGS Scrubs Petite vs. 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. The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by net revenues. FREE SHIPPING FOR $50+ ORDERS AND FREE RETURNS. Photo by - https://multivu.com. 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: (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). 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. Inspired by all the ways you GO fast, slow, get 'em, 'til you drop, for. Navy. You can change your choices at any time by visiting your privacy controls. (3) Active customers, net revenues per active customer and average order value are key operational and business metrics that are important to understanding the Company's performance. (1) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. You can sign up for additional alert options at any time. I was able to get my hands on a few styles and wanted to share my opinions and review of them with you. Shop by Color. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. SANTA MONICA, Calif.--(BUSINESS WIRE)-- WOMEN'S HOME. 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. December 21, 2022. Ultra-flattering, super functional and ridiculously easy to throw-on, zip-up and go. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The call is also accessible via webcast at ir.wearfigs.com. 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. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. ir.wearfigs.com/financials/quarterly-results/, https://www.businesswire.com/news/home/20221110006032/en/, Do Not Sell My Personal Information (CA Residents Only). To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 541472. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, our actual results performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. 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. ( 2 ) Includes stock-based compensation expense and payroll taxes related to equity award activity comfort, durability function. Small commission without affecting your own purchase equivalent shares in each period presented each period.. Financial results styles and wanted to share my opinions and Review of Bra! 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