Brilliant earth reports third quarter 2023 results

Exceeded profitability expectations and increased order volume by 17% generated gaap diluted eps of $0.02 and adjusted diluted eps of $0.05 san francisco, nov. 09, 2023 (globe newswire) -- brilliant earth group, inc. (“brilliant earth” or the “company”) (nasdaq: brlt), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and nine months ended september 30, 2023. third quarter 2023 financial highlights (compared to third quarter 2022): delivered net sales of $114.2 million , a 2.5% increase year-over-year, and growth of 22% on a four-year cagr basis increased order volume by 17% expanded gross margin by 380 bps to 58.5% generated strong profitability net income was $2.0 million adjusted ebitda was $7.6 million "our third quarter results highlight the power of brilliant earth's brand to drive share gains and sustainable profitable growth," said beth gerstein, co-founder and chief executive officer.
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