By Karen Roman
Healthcare apparel brand FIGS, Inc. (NYSE: FIGS) said fourth quarter net revenue increased 4.8% to $151.8 million compared to the year prior, beating analysts’ expectations.
Adjusted EBITDA was $21.1 million and adjusted EBITDA margin was 13.9%, compared to 18.4% the year prior, it declared.
Net income was $1.9 million, or $0.01 in diluted earnings per share, the company said.
“We finished the year with solid momentum, as our fourth quarter results exceeded our expectations and were powered by an impactful flow of product newness driving repeat frequency,” said Trina Spear, FIGS CEO and co-founder.
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