Purple Innovation Reports Record First Quarter 2021 Results
First Quarter Net Revenue Increased 52% to $186.4 Million
First Quarter Net Income was $20.9 Million
First Quarter Adjusted EBITDA Increased 115% to $22.8 Million
Raises 2021 Outlook
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LEHI, Utah, May 17, 2021 /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 first quarter ended March 31, 2021.
First Quarter Financial Summary (Comparisons versus First Quarter 2020)
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Direct-to-Consumer (DTC) revenue increased 54.8%; Wholesale revenue increased 47.6%.
Gross margin improved to 46.9% compared to 43.5%.
Operating expenses as a percent of net revenue were 37.9% compared to 37.3%.
Purple to Report First Quarter 2021 Results on May 17, 2021
Company Announces Filing Form 12b-25 and Form 10-K/A
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LEHI, Utah, May 11, 2021 /PRNewswire/ Purple Innovation, Inc. (NASDAQ: PRPL) ( Purple ), the leader in comfort innovation and the creator of the renowned Purple
® Mattress, will report first quarter 2021 financial results on Monday, May 17, 2021, at approximately 7:00 a.m. ET. The Company will hold a conference call that day at 8:30 a.m. ET to review the financial results.
Investors and analysts interested in participating in the call are invited to dial (877) 425-9470 (domestic) or (201) 389-0878 (international) and provide the Conference ID: 13719816. The conference call will also be available to interested parties through a live webcast at investors.purple.com. Please visit the website at least 15 minutes prior to the start of the call to register and download any necessary software.
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Purple Announces Upcoming Conference Participation
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LEHI, Utah, March 5, 2021 /PRNewswire/ Purple Innovation, Inc. (NASDAQ: PRPL) ( Purple ) the leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced that the Company is participating in the BofA Securities 2021 Consumer and Retail Technology Conference on March 9, 2021. Management s fireside chat presentation is scheduled for 1:30 pm Eastern Time.
Purple is also participating in the UBS Global Consumer and Retail Virtual Conference on March 10, 2021. Management s fireside chat presentation is scheduled for 4:00 pm Eastern Time
Live webcasts of both presentations will be available at https://investors.purple.com/.
Purple Innovation Reports Record Fourth Quarter and Full Year 2020 Results
Fourth Quarter Net Revenue Increased 40% and Operating Income Increased 171%
Full Year Revenues Increased 51% and Operating Income Increased 339%
Establishes 2021 Revenue Guidance Range of $840 to $880 Million
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LEHI, Utah, March 4, 2021 /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 fourth quarter and year ended December 31, 2020.
Fourth Quarter Financial Summary (Comparisons versus Fourth Quarter 2019)
1
Direct-to-Consumer (DTC) revenue increased 57%; Wholesale revenue increased 9%
Gross margin was 47.2% compared to 47.7%.
Operating expenses as a percent of net revenue were 42.9% as compared to 45.4%.