October 1, 2023 2:48 pm
Figs Appoints New Chief Technologies Officer

Healthcare apparel brand Figs has appointed Mark Bixby as its new chief technologies officer. Bixby will be accountable for making use of Figs’ information and technologies capabilities to create a extra seamless and customized knowledge for healthcare specialists. Bixby joins the enterprise immediately after serving as vice president of engineering at GameStop, and previously holding roles at Chewy and Wayfair.

Figs aims to boost its tech capabilities with the addition of Bixby. The CEO and co-founder of Figs, Trina Spear, expressed excitement more than obtaining Bixby on the group, highlighting his experience in building technologies options. Figs has often been a leader in information and technologies inside the healthcare apparel sector, and they are committed to preserving that position as they operate towards their objective of reaching $1 billion in annual net revenues.

The appointment of Bixby follows Figs’ current release of a digital stethoscope in partnership with overall health technologies enterprise Eko Overall health. The Figs Eko Core 500 stethoscope functions a complete-colour screen with heart price and electrocardiogram tracing. The company’s second-quarter outcomes showed a 13% enhance in revenues compared to the earlier year, with a net earnings of $four.six million. Figs also saw a 21% enhance in active clients, bringing the total to two.five million.

Throughout an earnings get in touch with, the CFO of Figs, Daniella Turenshine, noted that the enterprise skilled larger fulfillment costs due to improved storage charges. Even so, Spear described that they count on storage charges to reduce more than the subsequent two quarters as they operate via excess inventory and invest in a project to strengthen fulfillment efficiency.

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