Purple Innovation

Purple Innovation, Inc. engages in the design and manufacture of comfort technology products. It offers mattresses, bed pillows, seat cushions, mattress protector, and bamboo sheets. The company was founded by Terry V. Pearce and Tony Marion Pearce in 1989 and is headquartered in Lehi, Utah.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Purple Innovation reports Q4 revenue decline but positions for growth

Purple Innovation's Q4 2022 performance reflected revenue decline but improved cost management and operational efficiencies, positioning the company for future growth.
Strategic initiatives like cost reduction, leadership team additions, and product expansion present strengths for market competitiveness and revenue enhancement.
Challenges in revenue guidance, industry conditions, and promotional strategies require careful navigation, balanced with opportunities in product growth and margin improvement.
Overall, Purple Innovation aims for sequential improvement in 2023 through new product launches, marketing strategies, and operational optimizations, focusing on sustainable growth.

Purple Innovation reports Q1 revenue decline but improves margins

Purple Innovation navigated a challenging Q1 with revenue decline but improved gross margins and better-than-expected adjusted EBITDA. The company's strategic plan focuses on product innovation, brand enhancement, and showroom expansion to drive future growth. Despite inventory challenges and lower-than-expected performance, Purple Innovation remains optimistic about its positioning and market differentiation.

Purple Innovation reports strong Q2 performance amidst revenue challenges

Purple Innovation's Q2 performance reflects growth in net revenue, positive consumer feedback on new products, and a focus on premium offerings.
While facing challenges in revenue performance and operational efficiencies, the company remains confident in its growth strategy and future opportunities.
Adjustments in financial guidance and concerns from analysts highlight the need for strategic adjustments to navigate industry softness and achieve profitability targets.
Effective inventory management, strong consumer reception, and consistent media planning position Purple Innovation for potential sales growth and market expansion.

Purple Innovation reports Q3 growth, eyes profitability by 2024

Purple Innovation's Q3 showed revenue growth and increased brand interest, but profitability was impacted by transition costs. The company is focusing on refining strategies to achieve profitability by 2024.
Despite challenges like price pressure and inventory management, Purple is leveraging strengths in premium products and partnerships to drive growth. Opportunities lie in margin enhancement and product category expansion.
With a clear roadmap to profitability, Purple is navigating market challenges while capitalizing on its strengths and exploring avenues for growth and margin improvement.

Purple Innovation reports Q4 growth, eyes revenue rebound in 2024

Purple Innovation's Q4 performance showed revenue growth and positive EBITDA.
Despite revenue decline in 2023, the company is optimistic about 2024 targets.
Challenges include margin pressures and the need for effective execution.
Opportunities lie in revenue growth, margin improvement, and new initiatives.

Purple Innovation reports solid Q1 growth, eyes e-commerce expansion

Purple Innovation is focused on driving long-term profitable market share gains through various initiatives. Management is confident in achieving financial targets for the year and aims for sustained profitable growth as a premium sleep brand.

Purple Innovation reports mixed Q2 results, focuses on profitability

Purple Innovation's Q2 2024 performance showed mixed results with sales growth in showrooms but decline in e-commerce revenue. Despite challenges, the company demonstrated improvements in gross margins and adjusted EBITDA. Strategic shifts towards profitability and operational enhancements were highlighted.

Purple Innovation navigates revenue challenges with operational efficiency and savings

Purple Innovation faced revenue challenges in Q3 but made significant strides in operational efficiency and gross margin improvement.
The company's restructuring efforts are expected to drive substantial EBITDA savings, supporting a path to positive cash flow in 2025.
Despite short-term hurdles, Purple Innovation remains confident in its long-term business model and premium market positioning.

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Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript

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.

Purple Innovation (PRPL) Reports Q3 Loss, Misses Revenue Estimates

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 , 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, 2024. "While our third quarter revenue was challenged, we are encouraged by both our year-to-date performance modestly exceeding the broader industry and the sustained improvements in our profitability," said CEO Rob DeMartini.

Purple Innovation Reports Third Quarter 2024 Results

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.

Purple Innovation to Report Third Quarter 2024 Results on November 4, 2024

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Purple Innovation, Inc. (Nasdaq: PRPL) concerning the Company and its directors' and officers' possible violations of state laws. If you own Purple Innovation stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 101.

Glancy Prongay & Murray LLP Announces Investigation of Purple Innovation, Inc. (PRPL)

ALPINE, Utah--(BUSINESS WIRE)--Tony Pearce, inventor of Purple's flexible grid technology, has developed a new pressure-isolating system for mattresses. After the tremendous, industry-shaking success of Purple, Mr. Pearce divested from the company and retired. But an inventor's mind doesn't rest; Tony had unfinished goals in the sleep industry. “I am forever proud of the grid technology my brother and I created and the incredible improvements it has made for millions of people. It remains one m.

Inventor of Purple Mattress Unveils New Technology and New Brand for Better Sleep

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, Utah. The closure of the Utah manufacturing facilities is expected to be completed during the first quarter of 2025 and the consolidation into the McDonough, Georgia facility is expected to be completed by December 31, 2024.

Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth

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 Silverstein – UBS Operator Good afternoon, ladies and gentlemen, and welcome to the Purple Innovation Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Purple Innovation, Inc. (PRPL) Q2 2024 Earnings Call Transcript

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Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging

Purple Innovation (PRPL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.20 per share a year ago.

Purple Innovation (PRPL) Reports Q2 Loss, Misses Revenue Estimates

LEHI, Utah , Aug. 5, 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 second quarter ended June 30, 2024. Second Quarter Financial Summary (Comparisons versus Second Quarter 2023) 1 Net revenue increased 2.0% to $120.3 million compared to $117.9 million.

Purple Innovation Reports Second Quarter 2024 Results

Purple Innovation (PRPL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Purple Innovation (PRPL) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

LEHI, Utah , July 25, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report second quarter 2024 financial results on Monday, August 5, 2024, at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m.

Purple to Report Second Quarter 2024 Results on August 5, 2024

LEHI, Utah , June 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 that the Company will make a presentation at the Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference.   The presentation is scheduled for Monday, June 10, 2024 at 10:30 a.m.

Purple to Participate in Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference

Purple Innovation, Inc. (NASDAQ:PRPL ) Q1 2024 Results Conference Call May 7, 2024 4:30 PM ET Company Participants Cody McAlester - ICR Rob DeMartini - Chief Executive Officer Todd Vogensen - Chief Financial Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Seth Basham - Wedbush Securities Matt Koranda - ROTH MKM CJ Tipolino - Craig Capital Groups Brian Nagel - Oppenheimer Bobby Griffin - Raymond James Dan Silverstein - UBS Securities Operator Good afternoon, ladies and gentlemen. Welcome to Purple Innovation First Quarter 2024 Earnings Conference Call.

Purple Innovation, Inc. (PRPL) Q1 2024 Earnings Call Transcript

Purple Innovation (PRPL) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.12 per share a year ago.

Purple Innovation (PRPL) Reports Q1 Loss, Lags Revenue Estimates

LEHI, Utah , May 7, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL), a comfort innovation company known for creating the "World's First No Pressure ™ Mattress," today announced results for the first quarter ended March 31, 2024, which were in line with guidance. First Quarter Financial Summary (Comparisons versus First Quarter 2023) 1 Net revenue increased 12.5% to $120.0 million compared to $106.7 million.

Purple Innovation Reports First Quarter 2024 Results

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LEHI, Utah , April 30, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report first quarter 2024 financial results on Tuesday, May 7, 2024, at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m.

Purple to Report First Quarter 2024 Results on May 7, 2024

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Fast-paced Momentum Stock Purple Innovation (PRPL) Is Still Trading at a Bargain

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Why Fast-paced Mover Purple Innovation (PRPL) Is a Great Choice for Value Investors

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CFO Todd Vogensen and CLO Tricia McDermott Received Inducement Grants LEHI, Utah , March 14, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced the Todd Vogensen, Chief Financial Officer, and Tricia McDermott, Chief Legal Officer received equity grants. These inducement grants were originally granted in connection with each officer's initial employment offer in October 2023, but delayed for official granting until the post-2024 earnings call open window period The grants consist of performance share units (PSUs) and restricted share units (RSUs).

Inducement Grants to Executive Officers

LEHI, Utah , March 13, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced that the management team is participating in the 36th Annual ROTH Conference.  A fireside chat presentation is scheduled for Monday, March 18, 2024 at 2:00 p.m.

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