FIGS Results Presentation Deck

Q2 2023 Gross Margin Gross margin decrease in Q2 was primarily related to product mix shift, and to a lesser extent, increased duties and a higher mix of promotional sales, partially offset by lower air freight utilization and ocean freight rates 72.3% FY'20 71.8% FY'21 70.1% FY'22 Strong gross margin sustained despite headwinds 70.6% Q2 '22 OFIGS 69.5% Q2 '23

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