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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%.
Grainger Reports Results For The First Quarter 2021
Company delivers strong revenue and earnings growth and provides full year guidance as economic trends improve
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First Quarter Financial Highlights
Delivered sales of $3.1 billion, up 2.8%, and up 5.9% on an organic, daily, constant currency basis compared to the first quarter 2020 (excluding divestitures and foreign exchange)
Expanded reported and adjusted operating margins by 630 and 20 basis points, respectively
Generated $294 million in operating cash flow and returned $256 million to shareholders through dividends and share repurchases
Provides full year guidance: Total company daily revenue growth of 8.5-11.0% and earnings per share of $19.00-20.50 (growth of 17.5% to 26.5%)
3 weeks ago
Company Results at Top End or Exceeds Preliminary Announcement;
Reports Over 40% Sequential Quarterly Revenue Growth and GAAP and Non-GAAP EPS of $0.30 and $0.29 per share
SAN FRANCISCO–(BUSINESS WIRE)–#haptics–Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter Financial Summary:
Total revenues of $10.9 million, compared to $11.5 million in the fourth quarter of 2019. Royalty and license revenues were $10.9 million, compared to $11.4 million in the fourth quarter of 2019.
GAAP operating expenses of $5.7 million declined 48% from $11.0 million in the fourth quarter of 2019. Non-GAAP operating expenses of $3.5 million declined 58% from non-GAAP operating expenses of $8.3 million in the fourth quarter of 2019. (See attached table for a reconciliation of GAAP to non-GAAP financial measure
Company Results at Top End or Exceeds Preliminary Announcement;
Reports Over 40% Sequential Quarterly Revenue Growth and GAAP and Non-GAAP EPS of $0.30 and $0.29 per share
Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter Financial Summary:
Total revenues of $10.9 million, compared to $11.5 million in the fourth quarter of 2019. Royalty and license revenues were $10.9 million, compared to $11.4 million in the fourth quarter of 2019.
GAAP operating expenses of $5.7 million declined 48% from $11.0 million in the fourth quarter of 2019. Non-GAAP operating expenses of $3.5 million declined 58% from non-GAAP operating expenses of $8.3 million in the fourth quarter of 2019. (See attached table for a reconciliation of GAAP to non-GAAP financial measures.)