Healthcare apparel brand Figs has appointed Mark Bixby as its new chief technologies officer. Bixby will be accountable for utilizing Figs’ information and technologies capabilities to create a much more seamless and customized expertise for healthcare experts. Bixby joins the business just 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 establishing technologies options. Figs has constantly been a leader in information and technologies inside the healthcare apparel market, and they are committed to preserving that position as they perform towards their purpose of reaching $1 billion in annual net revenues.
The appointment of Bixby follows Figs’ current release of a digital stethoscope in partnership with wellness technologies business Eko Overall health. The Figs Eko Core 500 stethoscope attributes 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 prior year, with a net revenue of $four.six million. Figs also saw a 21% enhance in active clients, bringing the total to two.five million.
Throughout an earnings contact, the CFO of Figs, Daniella Turenshine, noted that the business knowledgeable larger fulfillment expenditures due to enhanced storage charges. Nevertheless, Spear talked about that they count on storage charges to reduce more than the subsequent two quarters as they perform by way of excess inventory and invest in a project to enhance fulfillment efficiency.