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Figs Inc   (FIGS)
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Price: $5.8700 $-0.15 -2.492%
Day's High: $6.1 Week Perf: -6.38 %
Day's Low: $ 5.86 30 Day Perf: -1.84 %
Volume (M): 2,455 52 Wk High: $ 9.39
Volume (M$): $ 14,408 52 Wk Avg: $6.77
Open: $6.00 52 Wk Low: $5.16



 Market Capitalization (Millions $) 1,065
 Shares Outstanding (Millions) 181
 Employees -
 Revenues (TTM) (Millions $) 545
 Net Income (TTM) (Millions $) 16
 Cash Flow (TTM) (Millions $) 27
 Capital Exp. (TTM) (Millions $) 11

Figs Inc
The healthcare apparel and lifestyle brand known as FIGS is founder-led and focuses on serving healthcare professionals. The company's mission is to celebrate and empower healthcare professionals, who they refer to as "Awesome Humans," and help them look, feel, and perform their best 24/7, 365 days a year. FIGS creates technically advanced apparel and products that combine comfort, durability, function, and style at an affordable price. The brand has redefined scrubs, giving rise to their tagline, "why wear scrubs when you can #wearFIGSe"

FIGS has revolutionized the large and fragmented healthcare apparel market by branding an unbranded industry, de-commoditizing a previously commoditized product, and elevating scrubs to create premium products for healthcare professionals. The company has built a community and lifestyle around a profession, becoming the industry's category-defining healthcare apparel and lifestyle brand.

FIGS sells purposefully designed products that serve the needs of healthcare professionals primarily through a convenient direct-to-consumer (DTC) digital platform consisting of a website and mobile app. Their offerings include scrubwear and non-scrubwear, such as lab coats, underscrubs, outerwear, loungewear, compression socks, footwear, and other lifestyle apparel. The company primarily designs all its products in-house, leveraging third-party suppliers and manufacturers to produce its product components and finished products. FIGS coordinates and supervises every step of its product development and production process to ensure its high-quality standards are met.

FIGS has a dynamic merchandising model that maintains lessened inventory risk driven by a relatively high volume of repeat purchases and a focus on its core scrubs offerings. The company uses its digital platform to celebrate Awesome Humans in aspirational, creative, and unexpected ways, leveraging social media platforms to listen, engage with, understand, and better serve its community at scale. FIGS's Ambassador Program consists of Awesome Humans from around the world who represent a diverse cross-section of the healthcare industry and help interact with the community and drive engagement.

FIGS has a growing base of approximately 2.3 million active customers as of December 31, 2022, who are passionate about and loyal to the brand. Giving back is ingrained in everything FIGS does, and the company has various philanthropic efforts, including Threads for Threads, which donates scrubs and other products to healthcare professionals in resource-poor countries. FIGS also gives in various ways, including through medical giving trips, tuition and student loan repayment grants, financial support to charitable organizations, and other partnerships and giving initiatives that support the healthcare community and the communities they serve every day. The company has also developed an advocacy program designed to address some of the biggest challenges facing healthcare professionals today.

The healthcare apparel market is a large, growing, and largely non-discretionary industry. According to the U.S. Census Bureau's 2019 American Community Survey, there are approximately 22 million healthcare professionals in the United States, and the employment of healthcare occupations in the United States is projected to grow 13% from 2021 to 2031, adding about 2 million new jobs, according to the Bureau of Labor Statistics. With an expanding aging population, proliferation of chronic illness, greater access to healthcare in the United States, and an increasing focus on health and wellness, the demand for healthcare professionals continues to grow.


   Company Address: 2834 Colorado Avenue Santa Monica 90404 CA
   Company Phone Number: 300-8330   Stock Exchange / Ticker: NYSE FIGS
   FIGS is expected to report next financial results on February 27, 2024.


   

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Figs Inc

Figs Inc. Delivers Impressive Revenue Leap, Setting New Records in Q3 2023

/>Figs Inc., the direct-to-consumer apparel and lifestyle brand focused on the healthcare community, recently released its financial results for the third quarter of 2023. The company experienced significant growth in key financial indicators, including an impressive increase in earnings per share (EPS) and revenue. Despite a decline in operating margin, Figs Inc. managed to improve its net margin. Additionally, inventories decreased, suggesting potential future demand. However, the company's stock performance has been volatile in recent times.
Financial Results:
1. EPS Growth: Figs Inc. witnessed a remarkable 50% growth in EPS, rising from $0.02 per share in the prior year to $0.03 in Q3 2023. This improvement reflects the company's ability to generate more profit for its shareholders.

Product Service News

FIGS Transforms the Healthcare Apparel Industry with Launch of Innovative Community Hub

Published Thu, Nov 2 2023 8:06 PM UTC

FIGS Expands into Physical Retail with the Opening of its First Community Hub
SANTA MONICA, Calif. - FIGS, Inc. (NYSE: FIGS), the renowned direct-to-consumer healthcare apparel and lifestyle brand, is delighted to announce the official opening of its first permanent physical retail space, known as the FIGS Community Hub, on November 3, 2023. Previously operating solely o...

Figs Inc

Figs Inc Reports Impressive 12.914% Revenue Increase Amid Declines in Earnings Per Share



The recently announced financial results of FIGS Inc. present an intriguing blend of successes and challenges. While the company experienced significant revenue growth, there is a simultaneous contraction in earnings per share (EPS). Additionally, several notable trends affecting key financial indicators, such as net margin, inventories, operating margin, and accounts receivable, have emerged. This article delves into these results, aiming to forecast how they may impact the company going forward.
Revenue Growth Amidst Slipping EPS:
In the most recent fiscal period, FIGS witnessed a commendable increase of 12.914% in revenue to reach an impressive $138.03 million. This robust growth reflects the company's ability to attract a larger customer base. However, in the same period, EPS declined by 33.33% to $0.02 per share, indicating a contraction in profitability. This discrepancy suggests that FIGS may be experiencing challenges in managing costs or operational efficiency.

Figs Inc

Figs Inc's Profitability Takes a Downturn in First Quarter of 2023

Figs Inc is a well-known player in the healthcare apparel industry, with a focus on designing and marketing innovative medical apparel meant to help modern healthcare professionals perform at their best. The company went public in May 2021, and has since seen strong demand for its products, largely driven by an increasing need for more comfortable and functional healthcare apparel.
However, the recent financial results for Figs Inc have painted a mixed picture, with some metrics showing signs of growth while others indicate a decline. The company's return on asset (ROA) for the first quarter of 2023 fell significantly below its average past performance, which may be a cause for concern for investors. Additionally, it is worthwhile to note that in the Consumer Discretionary sector, 33 other companies outperformed Figs Inc in terms of ROA.






 

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