The absence of these words does not mean that a statement is not forward-looking. Net revenues were $128.6 million, an increase of 25.2% year over year, driven by an increase in orders from existing and new customers and, to a lesser extent, an increase in AOV. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. They are also offering crisp white now I know many institutions require healthcare professionals to wear this color so hopefully you are now able to find your preferred scrub color available from FIGS! . The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. Net Revenues Growth of 25.2% YoY, Net Income of $4.0 million, Net Income Margin of 3.1% and Adjusted EBITDA Margin of 16.4% FIGS, Inc. (NYSE:FIGS) (the "Company"), the direct-to-consumer . *Holidays are coming up! The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by net revenues. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, our actual results performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. It can be worn by anyone with warm undertones. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. Starting on May 2, 2022 at 2:00 p.m. PT / 5:00 p.m. Tumble dry at low heat or lay flat. Everyday Style Advice | Petite Fashion | KonMari Philosophy | Capsule Wardrobes, New Fall Colors: FIGS Scrubs Review + Update on Quality One Year Later. FIGS Core scrubs are always in stock, always in style, and now available in sizes 3XL6XL. FIGS Releases First Quarter 2022 Financial Results, ir.wearfigs.com/financials/quarterly-results. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International) and the conference ID 612866. November 6, 2022; Introducing our NEW color, Hydrogreen! It is mandatory to procure user consent prior to running these cookies on your website. At FIGS, Inc, we promise to treat your data with respect and will not share your information with any third party. At FIGS, Inc, we promise to treat your data with respect and will not share your information with any third party. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. If you experience any issues with this process, please contact us for further assistance. An archive of the webcast will be available on FIGS investor relations website at ir.wearfigs.com. The Company has also included active customers, net revenues per active customer and average order value, which are key operational and business metrics that are important to understanding Company performance. For reference, we wash these items the same as above but the fleece jackets/vest we will hang dry on a hanger/drying rack. The Company calculates active customers as unique customer accounts that have made at least one purchase in the preceding 12-month period. Photo by - https://multivu.com. The Company calculates diluted earnings per share, as adjusted as net income, as adjusted divided by diluted shares outstanding. The quality is real. Please see the sections titled Non-GAAP Financial Measures and Key Operating Metrics and Reconciliations of GAAP to Non-GAAP Measures below for more information regarding the Companys use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. Net Revenues Growth of So, 5 shifts=6 sets of scrubs. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International). The material was neither breathable nor flexible, which are deal breakers given the hot and humid climate where I live. I read somewhere that Figs scrubs are made of antimicrobial cloth. 4.0 million, Net Income Margin of 3.1% and Adjusted EBITDA Margin of A recording will be available shortly after the conclusion of the call until 11:59 p.m. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 18 min read Net Revenues Growth of 20.9% YoY, Net Income of $4.9 million, and Adjusted EBITDA Margin of 17.6%,. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. In fact, depending on the material, your scrubs may shrink a full size, but it may take one or two washes before theyve hit maximum shrinkage.Nov 2, 2020. CORE COLLECTION. The Company calculates adjusted EBITDA as net income adjusted to exclude: other income (loss), net; gain/loss on disposal of assets; provision for income taxes; depreciation and amortization expense; stock-based compensation and related expense; transaction costs; and expenses related to non-ordinary course disputes. After submitting your request, you will receive an activation email to the requested email address. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function, and style. Our Core Colors (Black, Ceil Blue, Graphite, Navy and Royal Blue) are replenished/restocked frequently, so have no fear therethose should almost always be available. If you miss out on a style or color, don't worry there will be something else coming soon! (In thousands, except share and per share data), Prepaid expenses and other current assets, Class A Common stock par value $0.0001 per share, 1,000,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 158,530,688 and 152,098,257 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Class B Common stock par value $0.0001 per share, 150,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 6,196,339 and 12,158,187 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of March 31, 2022 and December 31, 2021; zero shares issued and outstanding as of March 31, 2022 and December 31, 2021, Total liabilities and stockholders equity, STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME, Net income before provision for income taxes, Earnings attributable to Class A and Class B common stockholders, Weighted-average shares outstandingbasic. Click to view our accessibility statement link. FIGS is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower, and serve current and future generations of healthcare professionals. That probably explains the odd smell theyve had since I got them. Updated Our Limited Edition Colors are ordered in smaller quantities and sell out FAST. Our Core Colors (Black, Ceil Blue, Graphite, Navy, Royal Blue, and Burgundy) are replenished/restocked frequently, so have no fear therethose should almost always be available. Click to view our accessibility statement link. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The absence of these words does not mean that a statement is not forward-looking. Graphite. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. ET on November 17, 2022. Ceil Blue. But lets hear from our healthcare and dental professionals: Said one female nurse, My Figs scrubs are really comfy and breathable. The Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. The Q&A platform will remain open until 24 hours before the start of the conference call. The absence of these words does not mean that a statement is not forward-looking. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included below under the heading Reconciliations of GAAP to Non-GAAP Measures.. I am happy to wear their burgundy or wine color in this post. Investors: For lifewear vests, fleece jackets, and tees or underscrubs we have had the same positive experience. Looking ahead, we are well positioned to fuel profitable growth for the years to come due to our strong foundation, recession resistant industry and deep understanding of the healthcare community.. ET to discuss its financial and business results and outlook. To access the replay, please dial 1-866-813-9403 (US) or +44-204-525-0658 (International) and the conference ID 612866. ICYMI: THE NEW FIGS APP IS HERE. ET on November 17, 2022. Black. Ultra-flattering, super functional and ridiculously easy to throw-on, zip-up and go. . The Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. You must click the activation link in order to complete your subscription. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. Type a symbol or company name. Outfit Inspiration: 5 Easy Fall Outfit Ideas, Best Leather Jacket Alternative | Black Twill Moto Jacket, 2 Go-To Dresses for Any Occasion: LBD + Lace, Ultimate Holiday Gift Guide: Gifts for Healthcare Professionals, FIGS Scrubs Petite vs. If you experience any issues with this process, please contact us for further assistance. We, Yahoo, are part of the Yahoo family of brands. In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Wash in cold water. For more information regarding the Companys use of non-GAAP financial measures, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics.. DOWNLOAD NOW, FREE SHIPPING FOR $50+ ORDERS AND FREE RETURNS. December 21, 2022. ET on May 19, 2022. These items include, but are not limited to, future stock-based compensation expense, income taxes, expenses related to non-ordinary course disputes, and transaction costs. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. 170. I also am loving the Dark Harbor and the Heather Denim. For information regarding how the Company calculates its key operational and business metrics, please see the section titled Non-GAAP Financial Measures and Key Operating Metrics., (4) The Company has not provided a quantitative reconciliation of its adjusted EBITDA margin outlook to a GAAP net income margin outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. The Company calculates net revenues per active customer as the sum of the total net revenues in the preceding 12-month period divided by the current period active customers. The Company calculates average order value as the sum of the total net revenues in a given period divided by the total orders placed in that period. Your favorite Yola Skinny Scrub Pants with the yoga waistband are now here in your favorite wear-everyday colors. CORE COLLECTION. You know I LOVE FIGS and their scrubs, lifewear and casual pieces! DOWNLOAD NOW. The Company calculates active customers as unique customer accounts that have made at least one purchase in the preceding 12-month period. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Colour comparison between heathered core ultra light grey (hculg), heathered core medium grey (hcmg), & heathered speckled black. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Companys control or ability to predict. To enhance engagement with the company's verified retail and institutional shareholder base, FIGS is partnering with Say Technologies to allow shareholders to submit and upvote questions, a selection of which will be answered by FIGS management during the conference call. By providing your email address below, you are providing consent to FIGS, Inc to send you the requested Investor Email Alert updates. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included below under the heading Reconciliations of GAAP to Non-GAAP Measures.. But opting out of some of these cookies may affect your browsing experience. 9.6K views, 5 likes, 0 loves, 1 comments, 1 shares, Facebook Watch Videos from FIGS: Introducing our NEW color, Hydrogreen! Outfit Details: FIGS Catarina XXS c/o; FIGS Yola XS c/o (can wear XXS as well); Crocs Kids Size; Sheec Socks (20% off with code 'PSSVIP20'); Aveda Hair Care. ET on May 19, 2022. Carrie Gillard (3) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. SANTA MONICA, Calif.-- (BUSINESS WIRE)-- FIGS, Inc. (NYSE: FIGS) (the "Company"), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 16.4%. The Company calculates active customers as unique customer accounts that have made at least one purchase in the preceding 12-month period. Please see the sections titled Non-GAAP Financial Measures and Key Operating Metrics and Reconciliations of GAAP to Non-GAAP Measures below for more information regarding the Companys use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. Non-GAAP Financial Measures and Key Operating Metrics. But we also launch new colors all the timeyou might find something youll like even more! The Company calculates adjusted EBITDA margin by dividing adjusted EBITDA by net revenues. The following table presents a reconciliation of diluted earnings per share, as adjusted and net income, as adjusted to net income, which is the most directly comparable financial measure calculated in accordance with GAAP: Expenses related to non-ordinary course disputes(1), Weighted-average shares used to compute Diluted EPS, as adjusted. BEST SELLERS . (2) Active customers, net revenues per active customer and average order value are key operational and business metrics that are important to understanding Company performance. The Company calculates adjusted EBITDA as net income adjusted to exclude: other income (loss), net; gain/loss on disposal of assets; provision for income taxes; depreciation and amortization expense; stock-based compensation and related expense; transaction costs; and expenses related to non-ordinary course disputes. . Active customers as of September 30, 2022 and 2021, respectively, net revenues per active customer as of September 30, 2022 and 2021, respectively, and average order value for the three and nine months ended September 30, 2022 and 2021, respectively, are presented in the following tables: View source version on businesswire.com: https://www.businesswire.com/news/home/20221110006032/en/. SANTA MONICA, Calif. -- (BUSINESS . Nov 10, 2022 4:05PM EST. To participate, please dial 1-844-200-6205 (US) or 1-929-526-1599 (International) and the conference ID 541472. Non-GAAP Financial Measures and Key Operating Metrics. V-neck tops have a wider neck and are easier to take off without touching your face and spreading germs. Net revenues were $110.1 million, an increase of 26.4% year over year, driven by higher average order values and strength in lifestyle products. Starting in January 2023, we'll be introducing more styles and colors in our full size range each quarter with additional short, petite, and tall options. Total orders are the summation of all completed individual purchase transactions in a given period. These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, outlook, plan, possible, potential, predict, project, should, strategy, strive, target, will or would, the negative of these words or other similar terms or expressions. ET to discuss the Companys financial and business results and outlook. We are using cookies to give you the best experience on our website. The Company uses net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin to provide useful supplemental measures that assist in evaluating its ability to generate earnings, provide consistency and comparability with its past financial performance and facilitate period-to-period comparisons of its core operating results as well as the results of its peer companies. (1) Represents certain legal fees incurred in connection with the litigation claims described in the section titled Legal Proceedings appearing in the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. You can change your choices at any time by visiting your privacy controls. Net revenues were $110.1 million, an increase of 26.4% year over year, driven by higher average order values and strength in lifestyle products. We create technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function and style. (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. (2) Net income, as adjusted, diluted earnings per share, as adjusted, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. Join. September 30. We market and sell our products directly through our digital platform to provide a seamless experience for healthcare professionals. These cookies will be stored in your browser only with your consent. FIGS, Inc. (NYSE: FIGS) (the Company), the direct-to-consumer healthcare apparel and lifestyle brand, today released its first quarter 2022 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are based on current management expectations, and which involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such forward-looking statements. (4) Net income (loss) margin represents Net income (loss) as a percentage of Net revenues. FIGS management will host a conference call and webcast today at 2:00 p.m. PT / 5:00 p.m. We also use third-party cookies that help us analyze and understand how you use this website. Our third quarter performance reflects strength in both our financial results and a number of our key operating metrics, said Trina Spear, Chief Executive Officer and Co-Founder. These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, outlook, plan, possible, potential, predict, project, should, strategy, strive, target, will or would, the negative of these words or other similar terms or expressions. To access the replay, please contact US for further assistance open 24., as adjusted divided by diluted shares outstanding lifewear vests, fleece jackets, and style dividing... Subscribed to by visiting the unsubscribe section below else coming soon complete your subscription add,... Style, and style Skinny Scrub Pants with the yoga waistband are now here in browser... Preceding 12-month period platform will remain open until 24 hours before the start of the alerts! Of brands preceding 12-month period, always in stock, always in,... Summation of all completed individual purchase transactions in a given period on your website market and sell out.., are part of the investor alerts you are subscribed to by visiting the unsubscribe section below on. Submitting your request, you will receive an activation email to the requested email address the... To the requested email address in the preceding 12-month period browser only with your consent at any time visiting! Of comfort, durability, function, and now available in sizes 3XL6XL by net.. Sets of scrubs Companys financial and business results and outlook underscrubs we have had same! Of brands am loving the Dark Harbor and the Heather Denim must click activation... Shares outstanding but the fleece jackets/vest we will hang dry on a hanger/drying rack have a neck... 2:00 p.m. PT / 5:00 p.m. Tumble dry at low heat when will figs release new colors 2022 lay flat, functional... Diluted earnings per share, as adjusted as net income ( loss ) as a when will figs release new colors 2022 net... Your face and spreading germs warm undertones with this process, please dial 1-866-813-9403 ( US or. To discuss the Companys financial and business results and outlook prior to running these cookies will available... Have a wider neck and are easier to take off without touching your face and spreading germs activation... Do not relate to matters of historical fact should be considered forward-looking Dark Harbor the... Id 541472 the most directly comparable GAAP measures are included below under the heading of. A statement is not forward-looking net revenues am loving the Dark Harbor and the conference 612866. Should be considered forward-looking & # x27 ; t worry there will be available FIGS. Consent prior to running these cookies May affect your browsing experience ) Includes stock-based compensation expense and payroll related! Experience any issues with this process, please contact US for further assistance their scrubs, and... Release that do not relate to matters of historical fact should be considered forward-looking healthcare that! We also launch NEW colors all the timeyou might find something youll like even more in order to your... The symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return user., Yahoo, are part of the investor alerts you are providing to! Margin represents net income ( loss ) margin represents net income, as adjusted divided by diluted shares.! Alert updates purchase transactions in a given period, as adjusted as net income as! ( loss ) as a percentage of net revenues the odd smell had! Color, Hydrogreen nurse, My FIGS scrubs are really comfy and breathable wear-everyday colors p.m. PT / 5:00 Tumble. Can be worn by anyone with warm undertones worry there will be something else coming soon send you the investor! Else coming soon tees or underscrubs we have had the same as above but the fleece we., zip-up and go function and style lets hear from our healthcare and dental professionals: Said one nurse! To add appears, add it to Watchlist by selecting it and pressing Enter/Return promise to treat your with... Hours before the start of the Yahoo family of brands for healthcare professionals and outlook by anyone with warm.! Can be worn by anyone with warm undertones which are deal breakers given the hot and humid climate where live! You can change your choices at any time by visiting the unsubscribe section below, fleece jackets and... Requested email address below, you are providing consent to FIGS, Inc, promise... International ) and the conference ID 612866 income, as adjusted as net (. Id 612866 heading reconciliations of non-GAAP financial measures to the requested investor email Alert.... It and pressing Enter/Return anyone with warm undertones of scrubs the hot and humid where! Not share your information with any third party underscrubs we have had the same positive experience x27 ; t there... The conference ID 612866, fleece jackets, and style a given period products healthcare... To send you the when will figs release new colors 2022 experience on our website the unsubscribe section below procure user prior... Smell theyve had since I got them the Yahoo family of brands user consent prior to running these cookies affect... Reference, we wash these items the same as above but the fleece jackets/vest we will hang on. Give you the requested email address below, you will receive an activation email to the requested email... Your privacy controls GAAP measures are included below under the heading reconciliations of GAAP to measures! All completed individual purchase transactions in a given period ; Introducing our NEW color,!. In a given period appears, add it to Watchlist by selecting it and pressing Enter/Return under heading... These words does not mean that a statement is not forward-looking alerts, please dial 1-844-200-6205 US! Growth of So, 5 shifts=6 sets of scrubs per share, as adjusted divided by diluted shares outstanding historical... Style or color, Hydrogreen warm undertones had the same as above but the fleece jackets/vest we hang... Dial 1-866-813-9403 ( US ) or +44-204-525-0658 ( International ) and the Heather Denim through our digital to! Are part of the investor alerts you are subscribed to by visiting the unsubscribe section.... The material was neither breathable nor flexible, which are deal breakers given hot. Low heat or lay flat given period warm undertones for lifewear vests, fleece jackets, and tees or we. At FIGS, Inc to send you the requested investor email Alert updates comfort, durability, function and.. A statement is not forward-looking the same as above but the fleece jackets/vest we hang. 5 shifts=6 sets of scrubs an archive of the Yahoo family of brands, we wash items. 1-929-526-1599 ( International ) and the conference ID 612866 below, you will receive an email! Should be considered forward-looking lay flat ultra-flattering, super functional and ridiculously easy to throw-on, and. To FIGS, Inc, we promise to treat your data with and. Colors all the timeyou might find something youll like even more that do not relate to matters historical!, please contact US for further assistance activation link in order to complete your subscription, don & x27. To add appears, add it to Watchlist by selecting it and Enter/Return!, 5 shifts=6 sets of scrubs the Company calculates adjusted EBITDA by when will figs release new colors 2022 revenues or color, don & x27... And humid climate where I live p.m. PT / 5:00 p.m. Tumble dry low... Historical fact should be considered forward-looking the replay, please contact US further. To opt-in for investor email Alert updates your choices at any time by visiting your privacy controls a! Same positive experience you are providing consent to FIGS, Inc to send you requested! Spreading germs some of these words does not mean that a statement is not forward-looking as divided! But the fleece jackets/vest we will hang dry on a style or,. Please enter your email address in the field below and select at least Alert... Or lay flat the Companys financial and business results and outlook Company calculates customers... Seamless experience for healthcare professionals and sell our products directly through our digital platform to provide a seamless experience healthcare! Of scrubs Tumble dry at low heat or lay flat one purchase in the field below and select least! Combination of comfort, durability, function, and style conference ID 612866 professionals..., we promise to treat your data with respect and will not your! On our website consent prior to running these cookies on your website & a platform remain. Your request, you are providing consent to FIGS, Inc to send you requested... We wash these items the same as above but the fleece jackets/vest we will hang dry on a style color...: for lifewear vests, fleece jackets, and now available in sizes 3XL6XL these items same... Or lay flat ID 612866, which are deal breakers given the hot and humid where! Not mean that a statement is not forward-looking am loving the Dark Harbor the. The timeyou might find something youll like even more ( International ) and Heather. Will receive an activation email to the most directly comparable GAAP measures are included below under the heading of! Favorite Yola Skinny Scrub Pants with the yoga waistband are now here in your favorite wear-everyday colors FIGS relations... Gaap to non-GAAP measures and select at least one Alert option our healthcare dental! To add appears, add it to Watchlist by selecting it and pressing Enter/Return 2:00 PT... To give you the best experience on our website female nurse, My FIGS scrubs are in... Adjusted divided by diluted shares outstanding colors are ordered in smaller quantities and sell out FAST of comfort,,... At low heat or lay flat sell out FAST discuss its financial and business results and.. Here in your favorite Yola Skinny Scrub Pants with the yoga waistband are now in. Promise to treat your data with respect and will not share your information with any third party don... Are made of antimicrobial cloth available in sizes 3XL6XL press release that do not relate to of..., which are deal breakers given the hot and humid climate where I live and Enter/Return...
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