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0 0 0.0389408099688473 0.0389408099688473 -0.0685358255451714 -0.104361370716511 -0.074766355140187 -0.110591900311526
Stock impact report

FIGS Releases Third Quarter 2024 Financial Results

FIGS, Inc. Class A (FIGS) 
Company Research Source: Business Wire
Completed State-of-the-Art Fulfillment Center TransitionAnnounces Minority Investment in OOG, Inc., A New Online Platform for Healthcare ProfessionalsUpdates Full Year 2024 Outlook SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS) (the “Company”), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its third quarter 2024 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results.Third Quarter 2024 Financial HighlightsNet revenues(1) were $140.2 million, a decrease of 1.5% year over year, due to a decrease in average order value (“AOV”),(2) partially offset by an increase in orders from existing customers.Gross margin was 67.1%, a decrease of 1.3% year over year, primarily from higher discounted sales and, to a lesser extent, product mix shift related to limited edition scrubwear.Operating expenses were $102.7 mi Show less Read more
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