Continued omnichannel leadership: In 2022, Brilliant Earth opened 10 new showrooms, bringing its U.S.Adjusted EBITDA was $11.0 million and $39.0 million for the fourth quarter and fiscal year, respectively.Net income was $6.2 million and $19.0 million for the fourth quarter and fiscal year, respectively and.Expanded gross margin 360 and 400 basis points to 54.7% and 53.3% for the fourth quarter and fiscal year, respectively, as compared to the same prior year periods, driven by continued strong brand resonance, differentiated product offerings, performance of the Company's pricing engine, procurement efficiencies and benefits from the Company's enhanced extended warranty program.Delivered net sales of $119.6 million and $439.9 million for the fourth quarter and fiscal year, respectively, achieving a record level of orders for the year and reflecting growing demand for and resonance of the Brilliant Earth brand.(“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, 2022.įourth Qu arter and Fiscal Year 2022 Highlights (quarterly and annual periods ended December 31, 2022): SAN FRANCISCO, Ma(GLOBE NEWSWIRE) - Brilliant Earth Group, Inc.
Generated Q4 GAAP Diluted EPS of $0.05 and Q4 Adjusted Diluted EPS of $0.08 Generated Net Income of $19.0 million and Adjusted EBITDA of $39.0 million for Fiscal Year 2022 Delivered 15.7% Net Sales Growth for Fiscal Year 2022
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