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Purple Innovation Revises Full Year 2024 Guidance; Company Announces Participation in the 2025 ICR Conference
Prnewswire· 2025-01-13 12:00
Expects full year net revenue between $486 and $488 million and adjusted EBITDA between $(23) and $(21) millionExpects positive cash flow and adjusted EBITDA in the fourth quarterLEHI, Utah, Jan. 13, 2025 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today provided a business update, revising its revenue and EBITDA outlook for the full year of 2024."We continued to navigate a challenging macro env ...
Purple(PRPL) - 2024 Q3 - Earnings Call Transcript
2024-11-05 03:42
Purple Innovation, Inc. (NASDAQ:PRPL) Q3 2024 Results Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Stacy Turnof - Investor Relations, Edelman Smithfield Rob DeMartini - Chief Executive Officer Todd Vogensen - Chief Financial Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Matthew McCartney - Wedbush Securities Seth Basham - Wedbush Securities Matthew Koranda - ROTH-MKM Bobby Griffin - Raymond James Dan Silverstein - UBS Keith Hughes - Truist Securities ...
Purple Innovation (PRPL) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-11-04 23:31
Purple Innovation (PRPL) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.13, delivering a surprise of -18.18%.Over the last four quarters, the company has surpasse ...
Purple Innovation Reports Third Quarter 2024 Results
Prnewswire· 2024-11-04 21:05
 Restructuring Initiatives are On Track and Delivering Significant Margin ImprovementGAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5%Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last YearLEHI, Utah, Nov. 4, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced results for the third quarter ended September 30, ...
Purple(PRPL) - 2024 Q3 - Quarterly Results
2024-11-04 21:02
Exhibit 99.1 1 Purple Innovation Reports Third Quarter 2024 Results Restructuring Initiatives are On Track and Delivering Significant Margin Improvement GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5% Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last Year Lehi, Utah, November 4, 2024 – Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today ...
Purple(PRPL) - 2024 Q3 - Quarterly Report
2024-11-04 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share PRPL The NASDAQ Stock Market LLC Preferred Stock Purchase Rights N/A The NASDAQ Stock Market LLC Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
Purple Innovation to Report Third Quarter 2024 Results on November 4, 2024
Prnewswire· 2024-10-28 20:05
LEHI, Utah, Oct. 28, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report third quarter 2024 financial results on Monday, November 4, 2024 at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results. Investors and analysts interested in participating in the call are invited to dial 844-481-1976 (domestic) or 412- 317-064 ...
Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth
Prnewswire· 2024-08-22 20:05
Actions will expedite Grid innovation and deliver cost synergies Anticipated to generate $15 to $20 million in EBITDA benefit in 2025 LEHI, Utah, Aug. 22, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company with the #1 Gel Grid technology in the world, today announced the consolidation of its mattress production operations into its McDonough, Georgia facility, and the corresponding closure of two manufacturing facilities in Salt Lake City and Grantsville, Uta ...
Purple(PRPL) - 2024 Q2 - Earnings Call Transcript
2024-08-09 05:55
Purple Innovation, Inc. (NASDAQ:PRPL) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Cody McAlester – ICR Rob DeMartini – Chief Executive Officer Todd Vogensen – Chief Financial Officer Eric Haynor – Chief Operating Officer Conference Call Participants Bobby Griffin – Raymond James Brad Thomas – KeyBanc Capital Markets Matt Koranda – ROTH Capital Seth Basham – Wedbush Securities Brian Nagel – Oppenheimer Jeremy Hamblin – Craig-Hallum Capital Group Keith Hughes – Truist Dan S ...
Purple(PRPL) - 2024 Q2 - Quarterly Results
2024-08-05 20:04
Exhibit 99.1 Purple Innovation Reports Second Quarter 2024 Results Lehi, Utah, August 5, 2024 – Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced results for the second quarter ended June 30, 2024. Second Quarter Financial Summary (Comparisons versus Second Quarter 2023) ● Net revenue increased 2.0% to $120.3 million compared to $117.9 million. o Wholesale revenue increased 7.2% and Direct-to-Consumer ...