Warby Parker Inc (N:WRBY)

Business Focus: Glasses, Spectacles & Contact lenses

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 233 Spring Street, 6Th Floor East
NEW YORK NY 10013
Tel: N/A
Website: https://www.warbyparker.com
IR: See website
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Key People
Neil Blumenthal
Co-Chairman of the Board, Co-Chief Executive Officer, Co-Founder 		Dave Gilboa
Co-Chairman of the Board, Co-Chief Executive Officer, Co-Founder 		Andrew Hunt
Co-Founder, Independent Director
Steve Miller
Chief Financial Officer, Senior Vice President, Treasurer 		   
Business Overview
Warby Parker Inc. is a lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. It offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. It sells a range of prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses. Its customers can customize their prescription lenses with a variety of options, including single-vision, progressive, light-responsive, blue-light-filtering, and non-prescription lenses. It also offers in-house technologies like Virtual Vision Test and Virtual Try-On to enhance the overall customer experience. It sells its own brand of contacts, Scout by Warby Parker, and third-party contact lenses; this allows it to provide customers a vision care offering. Its Website and mobile app make it easy for its customers to browse, virtually try on, and purchase glasses.
Financial Overview
For the fiscal year ended 31 December 2023, Warby Parker Inc revenues increased 12% to $669.8M. Net loss decreased 43% to $63.2M. Revenues reflect Eyewear Products segment increase of 10% to $627.6M, Services and Other segment increase of 44% to $42.2M. Lower net loss reflects Stock-based Compensation in SGA decrease of 28% to $69.5M (expense), Interest and other loss, net increase from $1.3M to $9.2M (income).
Employees: 2,140 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,246M as of Dec 31, 2023
Annual revenue (TTM): $669.77M as of Dec 31, 2023
EBITDA (TTM): -$27.98M as of Dec 31, 2023
Net annual income (TTM): -$63.20M as of Dec 31, 2023
Free cash flow (TTM): $7.32M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 118,156,921 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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