Healthcare attire model Figs has appointed Mark Bixby as its new chief know-how officer. Bixby shall be liable for utilizing Figs’ information and know-how capabilities to develop a extra seamless and customized 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 boost its tech capabilities with the addition of Bixby. The CEO and co-founder of Figs, Trina Spear, expressed pleasure over having Bixby on the crew, highlighting his experience in growing know-how options. Figs has all the time been a frontrunner in information and know-how inside the healthcare attire trade, and they’re dedicated to sustaining that place as they work in direction of their aim of reaching $1 billion in annual web revenues.
The appointment of Bixby follows Figs’ current launch of a digital stethoscope in partnership with well being know-how firm Eko Well being. The Figs Eko Core 500 stethoscope contains a full-color display screen with coronary heart price and electrocardiogram tracing. The corporate’s second-quarter outcomes confirmed a 13% enhance in revenues in comparison with the earlier 12 months, with a web revenue of $4.6 million. Figs additionally noticed a 21% enhance in lively clients, bringing the full to 2.5 million.
Throughout an earnings name, the CFO of Figs, Daniella Turenshine, famous that the corporate skilled greater achievement bills because of elevated storage prices. Nonetheless, Spear talked about that they anticipate storage prices to lower over the following two quarters as they work by way of extra stock and spend money on a mission to enhance achievement effectivity.