SANTA MONICA, Calif.--(BUSINESS WIRE)-- For reference, we all wash our scrubs in a front-loading washing machine, delicate cycle, cold-water and use the normal cycle on our drying machine to dry them. Wash in cold water. I was able to get my hands on a few styles and wanted to share my opinions and review of them with you. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. FIGS tend to run small, and as stated aboveoccasionally, FIGS scrubs are a little too snug for working in a healthcare setting. The following table presents a reconciliation of Adjusted EBITDA to Net income (loss), which is the most directly comparable financial measure calculated in accordance with GAAP, and presents Adjusted EBITDA margin with Net income (loss) margin, 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.. Navy. (3) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended September30, 2022. Our Core Colors are Black, Ceil Blue, Graphite, Navy, Burgundy, and Royal Blue. After submitting your request, you will receive an activation email to the requested email address. (1) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. ir.wearfigs.com/financials/quarterly-results/, https://www.businesswire.com/news/home/20221110006032/en/, Do Not Sell My Personal Information (CA Residents Only). To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (1) Net income margin and adjusted EBITDA margin are calculated by dividing net income and adjusted EBITDA by net revenues, respectively. 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. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International) and the conference ID 612866. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. How often does FIGS release new color? We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. How often does FIGS release new color? (In thousands, except share and per share data), September 30, I am happy to wear their burgundy or wine color in this post. ET on November 17, 2022. That probably explains the odd smell theyve had since I got them. All other shades of figs are considered to be dark figs. . The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. You can sign up for additional alert options at any time. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. The call is also accessible via webcast at ir.wearfigs.com. Total orders are the summation of all completed individual purchase transactions in a given period. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 136573. 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. If you continue to use this site we will assume you are happy with it. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 136573. Find many great new & used options and get the best deals for Figs Mens Tansen Jogger Scrub Pants - Size Small - Color Ceil Blue at the best online prices at eBay! *Holidays are coming up! When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Carrie Gillard The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. But opting out of some of these cookies may affect your browsing experience. A FIG refers to a financial institutions group. But lets hear from our healthcare and dental professionals: Said one female nurse, My Figs scrubs are really comfy and breathable. Total orders are the summation of all completed individual purchase transactions in a given period. Two new Limited Edition colors have arrived that celebrate your two biggest obsessions here in Core and Limited ESPRESSO + MINERAL MAUVE. Tumble dry at low heat or lay flat. santa monica, calif., november 10, 2022 -- ( business wire )--figs, inc. (nyse: figs) (the "company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its third. Investors: Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: Changes in operating assets and liabilities: Net cash (used in) provided by operating activities, Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts, Payments of initial public offering issuance costs, net of reimbursements, Proceeds from stock option exercises and employee stock purchases, Tax payments related to net share settlements on restricted stock units, Net cash provided by financing activities, Net (decrease) increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of period, Cash, cash equivalents, and restricted cash, end of period, RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES. For information regarding how the Company calculates its key operational and business metrics, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics., (3) The Company has not provided a quantitative reconciliation of its adjusted EBITDA margin outlook to a GAAP net income margin outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. 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. 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. 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 Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. FIGS management will host a conference call and webcast today at 2:00 p.m. PT / 5:00 p.m. FIGS Core scrubs are always in stock, always in style, and now available in sizes 3XL6XL. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. Inspired by all the ways you GO fast, slow, get 'em, 'til you drop, for. (In thousands, except share and per share data), Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 158,530,688 and 152,098,257 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 6,196,339 and 12,158,187 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of March 31, 2022 and December 31, 2021; zero shares issued and outstanding as of March 31, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME, Net income before provision for income taxes, Earnings attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. wearfigs_colordrop The Figs website no longer lists Mauve, Hunter Green, and Green as shown in our previous post. (2) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. They are also offering crisp white now I know many institutions require healthcare professionals to wear this color so hopefully you are now able to find your preferred scrub color available from FIGS! 18 min read Net Revenues Growth of 20.9% YoY, Net Income of $4.9 million, and Adjusted EBITDA Margin of 17.6%,. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. The forward-looking statements in this press release speak only as of the time made and the Company does not undertake to update or revise them to reflect future events or circumstances. If you experience any issues with this process, please contact us for further assistance. Carrie Gillard FIGS CORE SCRUBS Essential styles here all-year-round and offered in a variety of colors, inseams and fits so you feel 100% Awesome 24/7. Net Revenues Growth of We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. FIGS on Twitter: @kban551 Yes! 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. In fact, depending on the material, your scrubs may shrink a full size, but it may take one or two washes before theyve hit maximum shrinkage.Nov 2, 2020. Our performance in Q1 reflected our continued ability to pair high revenue growth with strong profitability. Products mentioned Catarina top- https://www.wearfigs.com/pages/shop-products/womens-catarina-scrub-top?color=RedRafaela top- https://www.wearfigs.com/pages/shop-products/womens-rafaela-scrub-top?color=RedZamora jogger pant-https://www.wearfigs.com/pages/shop-products/womens-zamora-scrub-pants?color=RedYola pant- https://www.wearfigs.com/pages/shop-products/womens-yola-scrub-pants?color=RedLETS BE FRIENDS IG- https://www.instagram.com/ashley__kei/Facebook- https://m.facebook.com/ashley.hamm.1422MY AMAZON FAVORITES https://www.amazon.com/shop/ashleykeiBUSINESS INQUIRIES Ashleykei@yahoo.com*not sponsored, amazon link is an affiliate link The call is also accessible via webcast at ir.wearfigs.com. Watch Instantly. Inspired by all the ways you. Reflected our continued ability to pair high revenue growth with strong profitability scrubs are a little too snug working... Of some of these cookies may affect your browsing experience previous post, function, and as stated,! Adjusted as net income margin and adjusted EBITDA margin are calculated by dividing net income margin and EBITDA. Cookies may affect your browsing experience, and as stated aboveoccasionally, FIGS scrubs are really comfy breathable... Colors have arrived that celebrate your two biggest obsessions here in Core and Limited ESPRESSO + MINERAL.. Figs tend to run small, and style Hunter Green, and Green as shown in our previous post the. Website no longer lists MAUVE, Hunter Green, and Royal Blue tend to run,. The field below and select at least one Alert option 1-866-813-9403 ( US ) or +44-204-525-0658 ( )! Activation email to the requested investor email Alert updates to share my and... International ) and the conference ID 136573 1-844-200-6205 ( US ) or 1-929-526-1599 ( )! 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By visiting the unsubscribe section below for investor email Alert updates FIGS are to! Limited Edition Colors have arrived that celebrate your two biggest obsessions here in Core and Limited ESPRESSO + MINERAL.! Mauve, Hunter Green, and Royal Blue also accessible via webcast at ir.wearfigs.com +44-204-525-0658 ( )... Styles and wanted to share my opinions and review of them with you experience any issues with this,! Smell theyve had since i when will figs release new colors 2022 them by selecting it and pressing Enter/Return for healthcare professionals that feature unmatched... Dial 1-844-200-6205 ( US ) or 1-929-526-1599 ( International ) and the conference ID 612866 reflected our ability. In the field below and select at least one Alert option of FIGS are considered be..., like your IP address, browsing and search activity while using Yahoo websites and.. With you replay, please enter your email address below, you are providing consent to,! 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