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  "documentTitle": "FIGS, Inc. (FIGS)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "The prospect of new market entry generates excitement among the FIGS investor base. However, we believe investors are ignoring the significant accompanying execution risks and negative impacts such expansion could have on the oft-stated advantages of the current FIGS business model.",
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      "kind": "quote",
      "text": "Having that maniacal focus on the healthcare professional makes us great, it makes us who we are today.",
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      "text": "Source: FIGS Q3 2021 earnings transcript, FIGS 424B filed 5/28/21, FIGS promotional video",
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      "text": "Benefits of FIGS Current Market Focus (Scrubs) vs Realities of New Markets",
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      "text": "We Believe FIGS Likes To Speak About Potential New Markets But Fails to Acknowledge The Downside",
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