Purple Innovation Q4 Earnings Call Highlights

Gross margin in the fourth quarter was about 41.9%, which Todd said remained “well above our 40% quarterly margin target” and was down 100 basis points from last year. He also noted that, viewed over a two-year period, gross margin increased by nearly 870 basis points, driven by “direct material savings, plant efficiencies, restructuring benefits, and volume leverage.” Operating expenses were $61.2 million, down 2.9% year over year.CFO Todd said fourth-quarter net revenue was $140.7 million, up 9.1% year ov ...