Figs Appoints New Chief Know-how Officer

Healthcare attire model Figs has appointed Mark Bixby as its new chief expertise officer. Bixby can be answerable for utilizing Figs’ information and expertise capabilities to develop a extra seamless and personalised expertise for healthcare professionals. Bixby joins the corporate after serving as vice chairman of engineering at GameStop, and beforehand holding roles at Chewy and Wayfair.

Figs goals to reinforce its tech capabilities with the addition of Bixby. The CEO and co-founder of Figs, Trina Spear, expressed pleasure over having Bixby on the group, highlighting his experience in creating expertise options. Figs has at all times been a pacesetter in information and expertise throughout the healthcare attire business, and they’re dedicated to sustaining that place as they work in direction of their purpose of reaching $1 billion in annual web revenues.

The appointment of Bixby follows Figs’ latest launch of a digital stethoscope in partnership with well being expertise firm Eko Well being. The Figs Eko Core 500 stethoscope includes a full-color display screen with coronary heart charge and electrocardiogram tracing. The corporate’s second-quarter outcomes confirmed a 13% enhance in revenues in comparison with the earlier yr, with a web revenue of $4.6 million. Figs additionally noticed a 21% enhance in energetic prospects, bringing the whole to 2.5 million.

Throughout an earnings name, the CFO of Figs, Daniella Turenshine, famous that the corporate skilled larger success bills attributable to elevated storage prices. Nevertheless, Spear talked about that they anticipate storage prices to lower over the following two quarters as they work via extra stock and put money into a challenge to enhance success effectivity.