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.
FIGS, Inc. (NYSE: FIGS) announced the retirement of CFO Jeffrey Lawrence, effective December 24, 2021. Daniella Turenshine, previously Senior VP of Finance and Strategy, will succeed him. Under her leadership, FIGS has achieved significant revenue growth and profitability. Lawrence praised the company’s IPO success and expressed confidence in Turenshine’s capabilities. Both executives highlighted a commitment to the healthcare community and the company’s future growth. The transition reflects FIGS' strategic direction as it continues to innovate in the healthcare apparel sector.
FIGS, Inc. (NYSE: FIGS) reported its third-quarter 2021 financial results, raising its full-year revenue outlook to $410 million, up from $395 million. The company continues to focus on providing advanced healthcare apparel to professionals through its direct-to-consumer model. A conference call is scheduled for November 10, 2021, at 2:00 p.m. PT to discuss these results and the business outlook.
FIGS, Inc. (NYSE: FIGS) has announced a new shareholder Q&A platform to facilitate interaction before its Q3 2021 earnings conference call, scheduled for November 10, 2021, at 2:00 p.m. PT / 5:00 p.m. ET. Shareholders can submit and upvote questions via the Say platform until November 9, 2021.
This initiative aims to enhance shareholder engagement and improve transparency around financial and business results.
FIGS, Inc. (NYSE: FIGS) announced it will release its third quarter 2021 results on November 10, 2021, after U.S. markets close. This will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial outcomes and future outlook. The press release will include a link to a shareholder letter and detailed financial results available on their investor relations website. Investors can access the live call and replay options for further insights.
FIGS, Inc. (NYSE: FIGS) has announced the pricing of a secondary offering of 8,917,385 shares of its Class A common stock at $40.25 per share, led by its largest stockholder, Tulco, LLC. The underwriters hold a 30-day option for an additional 1,337,607 shares. FIGS will not receive proceeds from this sale, which is expected to close on September 20, 2021, pending customary conditions. Major underwriters include Goldman Sachs, Morgan Stanley, and Barclays Capital.
FIGS, Inc. (NYSE: FIGS) announced a secondary offering of 8,826,703 shares of Class A common stock by its largest stockholder, Tulco, LLC, and certain management members. The underwriters have a 30-day option to purchase an additional 1,324,005 shares. FIGS will not receive any proceeds from this sale. The offering will be managed by major financial institutions, ensuring proper facilitation. This registration statement has been filed with the U.S. Securities and Exchange Commission; however, sales cannot occur until it becomes effective.
FIGS, Inc. (NYSE: FIGS) reported Q2 2021 net revenues of $101.1 million, a 57.6% increase from Q2 2020, driven by higher order volumes and average order values. Active customers grew by 79.2% to 1.6 million. Despite this growth, the company faced a net loss of $40.5 million, largely attributed to stock-based compensation costs from its IPO. Adjusted EBITDA rose 54.5% to $26.8 million, with a margin of 26.5%. Looking forward, FIGS forecasts 2021 net revenues of approximately $395 million.
FIGS, Inc. (NYSE: FIGS) will release its Q2 2021 financial results on August 12, 2021, post-market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and business outlook. Investors can join the live call at (866) 211-4956 for US participants or (873) 415-0263 for international participants. The replay will be available until August 19, 2021. FIGS, a direct-to-consumer healthcare apparel brand, aims to enhance the experience of healthcare professionals through durable and stylish apparel.
FIGS, Inc. (FIGS) has successfully completed its initial public offering of 30,344,317 shares of Class A common stock, inclusive of an underwriters’ option for an additional 3,957,954 shares, priced at $22.00 per share. The offering was structured with FIGS issuing 4,636,364 shares, while Tulco, LLC, the largest stockholder, sold 25,707,953 shares. FIGS did not receive proceeds from Tulco's share sale. Trading commenced on the New York Stock Exchange on May 27, 2021 under the ticker symbol 'FIGS.'
FIGS, Inc. announced the pricing of its upsized initial public offering, offering 26,386,363 shares at $22.00 per share. The offering includes 4,636,364 shares from FIGS and 21,749,999 shares from Tulco, LLC, its largest stockholder, with underwriters having a 30-day option for 3,957,954 additional shares. Trading on the NYSE is expected to start on May 27, 2021, under the ticker symbol FIGS. The closing is anticipated on June 1, 2021, subject to customary conditions.
FAQ
What is the current stock price of FIGS (FIGS)?
What is the market cap of FIGS (FIGS)?
What is FIGS, Inc. known for?
What are the key features of FIGS medical apparel?
How does FIGS sell its products?
What is the Threads for Threads initiative?
Who are some of FIGS' investors?
What other products does FIGS offer besides scrubs?
Where are FIGS products marketed and sold?
How has FIGS transformed the way medical professionals shop?
What is unique about FIGS' fabric technology?
How does FIGS support social responsibility?
