Figs Appoints New Chief Know-how Officer

Healthcare attire model Figs has appointed Mark Bixby as its new chief know-how officer. Bixby will likely be answerable for utilizing Figs’ information and know-how capabilities to develop a extra seamless and personalised expertise for healthcare professionals. Bixby joins the corporate after serving as vp 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 workforce, highlighting his experience in growing know-how options. Figs has at all times been a pacesetter in information and know-how inside the healthcare attire trade, and they’re dedicated to sustaining that place as they work in the direction of their aim 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 know-how firm Eko Well being. The Figs Eko Core 500 stethoscope encompasses 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 earnings of $4.6 million. Figs additionally noticed a 21% enhance in energetic clients, bringing the whole to 2.5 million.

Throughout an earnings name, the CFO of Figs, Daniella Turenshine, famous that the corporate skilled increased achievement bills as a result of elevated storage prices. Nevertheless, Spear talked about that they count on storage prices to lower over the following two quarters as they work by means of extra stock and put money into a mission to enhance achievement effectivity.