The bottom line swung to $12,413,000 in income from last year’s loss of $45,678,000 on a 164% jump in revenues to $176,468,000 from $66,836,000, including 162% higher DTC revenues to $164.2 million, and 197% growth from wholesale to $12.3 million. Total orders were up 105%, and AOV was up 14% on product mix. Gross margin increased 110 b.p. to 63.3% despite increased freight rates and higher logistics costs. SG&A increased four-fold on increased ad and marketing spend, a boost in employee headcount, higher equity-based compensation expense, and increased shipping costs.

For the full year, net income came in at $56,495,000 against ... Log in to view full article.