Financial Performance - Purple Innovation reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.14, and an improvement from a loss of $0.19 per share a year ago, representing an earnings surprise of 21.43% [1] - The company posted revenues of $104.17 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.13%, and down from $120.03 million in the same quarter last year [2] - Over the last four quarters, Purple Innovation has surpassed consensus EPS estimates three times [2] Stock Performance - Purple Innovation shares have declined approximately 14.9% since the beginning of the year, compared to a decline of 3.9% for the S&P 500 [3] - The current Zacks Rank for Purple Innovation is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $112.75 million, and for the current fiscal year, it is -$0.30 on revenues of $471.52 million [7] - The trend of estimate revisions for Purple Innovation is mixed, which could change following the recent earnings report [6] Industry Context - Purple Innovation operates within the Consumer Products - Staples industry, which is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [8]

Purple Innovation (PRPL) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Purple Innovation First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer I would now like to turn the conference over to Stacy Turnoff. ...

Exhibit 99.1 Purple Innovation Reports First Quarter 2025 Results; Reaffirms 2025 Guidance Exceeded Q1 Adjusted EBITDA Target; Delivered Q1 Sales Consistent with Guidance GAAP Gross Margin of 39.4% in Q1; Adjusted Gross Margin Above 40% for Fourth Consecutive Quarter Lehi, Utah, May 6, 2025 – 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 first quarter ended March 31, 2025. "Our fir ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37523 PURPLE INNOVATION, INC. (Exact name of registrant as specified in its charter) | Delaware | 47-4078206 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | 4100 NORTH CHAPEL RIDGE ROAD SUITE 200 FOR THE QUARTERLY PERIOD ENDED MARCH 3 ...

LEHI, Utah, May 2, 2025 /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 2025 financial results on Tuesday, May 6, 2025 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 800-715-9871 (domestic) or 646-307-1963 (inter ...

Lehi, Utah, April 30, 2025 (GLOBE NEWSWIRE) -- Proper body alignment is vital to good health, whether exercising, sitting, or sleeping. Sleeping is especially important because it involves being immobile for so many hours.If you want to wake up in the morning without stiffness, aches, or pains, this Purple mattress review will show you how its patented GelFlex Grid keeps you aligned and comfy. Discover how science can help you sleep like someone has cast a magic spell on you. Overview of Purple Mattress Pu ...

Purple Innovation (PRPL) Q4 2024 Earnings Call March 14, 2025 01:36 AM ET Company Participants Stacy Turnof - Senior Vice PresidentRobert DeMartini - CEO & DirectorTodd Vogensen - Chief Financial OfficerBobby Griffin - Managing Director Conference Call Participants Matthew Koranda - MD & Senior Research AnalystBrian Nagel - MD & Senior Analyst - Consumer Growth & eCommerceJeremy Hamblin - Senior Research Analyst Operator Thank you for joining Purple Innovation's Fourth Quarter twenty twenty four Earnings Ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as ...

Company Performance - Purple Innovation reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.08, and an improvement from a loss of $0.15 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $128.98 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.18%, but down from $145.94 million in the same quarter last year [2] - Over the last four quarters, Purple Innovation has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Purple Innovation shares have declined approximately 9.6% since the beginning of the year, compared to a decline of 4.8% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $115.5 million, and for the current fiscal year, it is -$0.28 on revenues of $491.85 million [7] Industry Outlook - The Consumer Products - Staples industry, to which Purple Innovation belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Purple Innovation's stock performance [5]

Revenue Performance - Fourth quarter 2024 net revenue decreased by 11.6% to $129.0 million, down from $145.9 million in Q4 2023[4] - Full year 2024 net revenue was $487.9 million, a decline of 4.4% compared to $510.5 million in 2023[8] - Revenues for the three months ended December 31, 2024, were $128.975 million, a decrease of 11.6% compared to $145.936 million for the same period in 2023[27] - For the three months ended December 31, 2024, adjusted revenues, net were $128,975 thousand, a decrease of 11.5% compared to $145,936 thousand for the same period in 2023[36] Profitability Metrics - Gross profit for Q4 2024 increased to $55.3 million, with a GAAP gross margin of 42.9%, an improvement of 970 basis points year-over-year[5] - Gross profit for the year ended December 31, 2024, was $181.132 million, an increase of 5.8% from $171.825 million in 2023[27] - Adjusted gross profit for the year ended December 31, 2024, was $196,574 thousand, representing an increase of 0.5% from $195,506 thousand in 2023, with an adjusted gross profit margin of 40.3%[36] EBITDA and Operating Loss - Adjusted EBITDA for Q4 2024 was $2.9 million, a significant improvement compared to $(9.8) million in the prior year[7] - Full year 2024 adjusted EBITDA improved to $(20.8) million, compared to $(54.7) million in 2023[11] - Adjusted EBITDA for the three months ended December 31, 2024, was $2.871 million, compared to $(9.791) million for the same period in 2023[34] - Operating loss for the three months ended December 31, 2024, was $(7.694) million, an improvement from $(16.196) million in the same period of 2023[27] Cash and Cash Flow - Cash and cash equivalents increased to $29.0 million as of December 31, 2024, up from $26.9 million a year earlier[12] - Cash flows from operating activities for the three months ended December 31, 2024, generated $6.761 million, compared to $1.146 million in the same period of 2023[29] - The company reported a net cash increase of $5.612 million for the three months ended December 31, 2024[29] Operating Expenses - Operating expenses for Q4 2024 were $63.0 million, down 2.6% from $64.7 million in Q4 2023[6] - Total operating expenses for the year ended December 31, 2024, were $273.315 million, a decrease of 4.3% from $285.536 million in 2023[27] - Operating expenses for the year ended December 31, 2024, were $273,315 thousand, down 4.3% from $285,536 thousand in 2023[38] Net Loss and Adjusted Net Loss - Net loss attributable to Purple Innovation, Inc. for the year ended December 31, 2024, was $(97.897) million, compared to $(120.757) million in 2023, reflecting a reduction of 18.9%[27] - Adjusted net loss for the year ended December 31, 2024, was $61,682 thousand, compared to an adjusted net loss of $72,227 thousand in 2023, reflecting a 14.5% improvement[39] - The net loss attributable to Purple Innovation Inc. for the year ended December 31, 2024, was $98,098 thousand, a decrease from $121,215 thousand in 2023[39] - Adjusted net loss per diluted share for the year ended December 31, 2024, was $0.57, compared to $0.69 for the same period in 2023[45] Strategic Initiatives - The company expects full year 2025 revenue to be in the range of $465 to $485 million and adjusted EBITDA to be flat to positive $10 million[14] - The company plans to launch the Rejuvenate 2.0 product in the second quarter of 2025, aiming to enhance profitability[3] - The company has formed a special committee to evaluate strategic alternatives, including potential mergers or sales[16] Other Financial Metrics - The weighted average common shares outstanding for the year ended December 31, 2024, were 107,139 million, an increase from 103,602 million in 2023[27] - The company incurred $2.651 million in paid-in-kind interest for the three months ended December 31, 2024[29] - The effective tax rate applied to adjusted net income before income taxes was estimated at 25.9% for the year ended December 31, 2024[44] - The company incurred restructuring related charges of $20,915 thousand in operating expenses for the year ended December 31, 2024[38] - Adjusted cost of revenues for the year ended December 31, 2024, was $291,303 thousand, down from $329,894 thousand in 2023[36] - The company reported a total cost of revenues of $306,745 thousand for the year ended December 31, 2024, compared to $338,716 thousand in 2023[36]