STOCK TITAN

FIGS, Inc. - FIGS STOCK NEWS

Welcome to our dedicated page for FIGS news (Ticker: FIGS), a resource for investors and traders seeking the latest updates and insights on FIGS stock.

FIGS, Inc. (FIGS) is a pioneering healthcare apparel company revolutionizing the traditional $10 billion medical apparel industry. Known for its focus on innovation, FIGS utilizes premium fabrics that are not only ridiculously soft but also highly functional. Their scrubs are anti-microbial, wrinkle-resistant, stain-repellent, lint-free, and offer four-way stretch, ensuring comfort and durability for medical professionals.

FIGS operates through a customer-centric, vertically integrated e-commerce platform, transforming the way healthcare professionals shop for their apparel. This approach has streamlined the purchasing process, making it more efficient and user-friendly.

A key initiative of the company is Threads for Threads, where for every set of scrubs sold, FIGS donates a set to a healthcare provider in need. This initiative underscores the company's commitment to social responsibility.

FIGS has successfully raised over $10 million in capital from prominent investors, including Campfire Capital, JH Partners, Mohr Davidow Ventures, Irving Place Capital, Raptor Ventures, Karlin Ventures, Riverwood Capital, 500 Startups, Suffolk Equity Partners, the Milken Family, Will Smith, Peter Morton, Steve Tisch, and John Fisher. This financial backing has enabled the company to expand its product offerings beyond scrubs to include outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

The company’s products are primarily marketed and sold within the United States through its digital platforms, ensuring a wide reach and accessibility for its customers. FIGS continues to innovate and expand its product lines to meet the evolving needs of healthcare professionals.

Rhea-AI Summary

FIGS, Inc. released its first quarter 2024 financial results showing net revenues hitting the upper end of expectations with adjusted EBITDA exceeding guidance. The company observed improved momentum in business, especially in repeat frequency trends. Despite a slight decrease in net revenues, the gross margin decreased primarily due to a product mix shift. Operating expenses were down year over year, leading to a decrease in net income and adjusted net income. Adjusted EBITDA also decreased, but active customers increased by 8.7%. The company is raising its full-year net revenues outlook while revising the adjusted EBITDA margin outlook. Financial highlights show a positive outlook for growth and strong free cash flow to support sustainable profitable growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.09%
Tags
-
Rhea-AI Summary
FIGS, Inc. (NYSE: FIGS) has announced the date for its first quarter 2024 earnings release, conference call, and webcast. The financial results will be released on May 9, 2024, after the U.S. markets close, with a conference call scheduled at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and outlook. A financial highlights presentation will be available on the investor relations website. Investors can access the live call and webcast for more details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
-
Rhea-AI Summary
Loop partners with FIGS for 'Scrubs That Don't Suck' recycling campaign, leveraging Loop's returns solution to enhance sustainability and customer experience. The program sees rapid success with thousands of customer submissions in the first week, showcasing FIGS' commitment to environmental efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
News
Rhea-AI Summary
FIGS, Inc. (NYSE: FIGS) releases its 2023 Impact Report showcasing efforts to positively impact healthcare professionals, including donations totaling nearly $600,000 to various organizations and initiatives worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
none
-
Rhea-AI Summary
FIGS, Inc. CFO to participate in a fireside chat at the 36th Annual Roth Conference. The chat will be webcast live and available for 90 days on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
-
Rhea-AI Summary
FIGS, Inc. reports a 7.9% YoY growth in net revenues for 2023, with a net income of $22.6 million and an adjusted EBITDA margin of 15.8%. The CFO resigns, and an interim CFO is appointed. The company expects a mid-single-digit to flat growth in net revenues for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.27%
Tags
Rhea-AI Summary
FIGS, Inc. announced that its CEO and CFO will participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference. The chat will be webcast live and available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.05%
Tags
none
-
Rhea-AI Summary
FIGS, Inc. (NYSE: FIGS) will release its Q4 and full year 2023 financial results on February 28, 2024. The company will host a conference call to discuss its financial and business results. Investors can access the financial highlights presentation on FIGS' investor relations website. Key details include the call time, dial-in numbers, and webcast link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
-
Rhea-AI Summary
FIGS, Inc. announced the opening of its first permanent physical retail space, the Community Hub, on November 3, 2023. The Community Hub aims to create deeper connections among the FIGS community and provide a premium store experience for healthcare professionals. FIGS generated over $500 million in net revenues in 2022 and is expanding into physical retail to meet the demand of its community. The first Community Hub is located in the Century City Mall in Los Angeles, a major market for FIGS with high foot traffic and proximity to healthcare institutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.17%
Tags
none
Rhea-AI Summary
FIGS, Inc. reports a 10.7% YoY growth in net revenues, reaching $142.4 million in the third quarter of 2023. The company's net income is $6.1 million, with a net income margin of 4.2% and an adjusted EBITDA margin of 17.2%. Active customers increase by 19.6% to 2.6 million. The company also announces the appointment of Mario Marte, former CFO of Chewy, Inc., to its Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.17%
Tags

FAQ

What is the current stock price of FIGS (FIGS)?

The current stock price of FIGS (FIGS) is $6.215 as of November 4, 2024.

What is the market cap of FIGS (FIGS)?

The market cap of FIGS (FIGS) is approximately 1.1B.

What is FIGS, Inc. known for?

FIGS, Inc. is known for revolutionizing the medical apparel industry with premium, functional scrubs and healthcare apparel.

What are the key features of FIGS medical apparel?

FIGS medical apparel is anti-microbial, wrinkle-resistant, stain-repellent, lint-free, and offers four-way stretch.

How does FIGS sell its products?

FIGS sells its products primarily through its customer-centric, vertically integrated e-commerce platform.

What is the Threads for Threads initiative?

Through the Threads for Threads initiative, FIGS donates a set of scrubs to a healthcare provider in need for every set sold.

Who are some of FIGS' investors?

FIGS’ investors include Campfire Capital, JH Partners, Mohr Davidow Ventures, Irving Place Capital, Raptor Ventures, and others.

What other products does FIGS offer besides scrubs?

FIGS offers outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

Where are FIGS products marketed and sold?

FIGS products are primarily marketed and sold in the United States via their digital platforms.

How has FIGS transformed the way medical professionals shop?

FIGS has streamlined the shopping process for medical professionals through its efficient and user-friendly e-commerce platform.

What is unique about FIGS' fabric technology?

FIGS' fabric technology includes features like anti-microbial properties, wrinkle resistance, stain repellence, lint-free quality, and four-way stretch.

How does FIGS support social responsibility?

FIGS supports social responsibility through its Threads for Threads initiative, donating scrubs to healthcare providers in need.

FIGS, Inc.

NYSE:FIGS

FIGS Rankings

FIGS Stock Data

1.06B
162.58M
21.28%
75.48%
13.54%
Apparel Manufacturing
Apparel & Other Finishd Prods of Fabrics & Similar Matl
Link
United States of America
SANTA MONICA