Diamonds and Dogs
Affirm Holdings (AFRM) having a good day. Th digital and mobile-first commerce platform stock is up 30% following earnings. The buy now, pay later firm reported a loss, but sales rose 53% to $354.8 million. Affirm raised guidance expecting to achieve a sustained profitability run rate on an adjusted basis by the end of the next fiscal year.
Figs (FIGS) down 24% following earnings and supply chain chaos. The maker of medical scrubs missed earnings estimates as revenue rose 26.4% to $110.1 million. The company also lowered guidance due to supply chain problems. We're seeing a common theme of recent IPOS crashing over the following year. Figs is no exception down 70% from last years' IPO.
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