Casper Sleep reports revenue beat
Casper Sleep Inc. stock jumped 4.6% after the mattress company reported fourth-quarter revenue that beat expectations and narrower-than-expected losses. Net loss totaled $15.0 million, or 37 cents per share, after a loss of $25.6 million, or $2.41 per share, last year. Revenue totaled $150.3 million, up from $126.9 million last year. The FactSet consensus was for a loss of 39 cents per share and revenue of $138.0 million. “Fourth-quarter revenue growth was driven by 43% year-over-year growth in North American retail partnership revenue and 19% growth in North American direct-to-consumer revenue,” said Chief Executive Philip Krim in a statement. Casper is guiding for revenue of $118 million to $125 million for the first quarter, and full-year revenue of $570 million to $600 million. The FactSet consensus is for Q1 revenue of $130.1 million and full-year revenue of $577.9 million. Casper shares have rallied 57.2% over the past three months, though
Sleep Tech Devices Market Value Could Exceed $31 Billion By 2026
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PALM BEACH, Fla., Feb. 23, 2021 /PRNewswire/ Changing lifestyle, consumption of junk food and lack of exercise have disturbed the normal metabolism of an individual s body ultimately increasing the prevalence of sleeping disorders such as obstructive sleep apnea, narcolepsy, insomnia, etc. Thus, there has been an increase in the demand for sleep tech devices that enhances the sleep activity in individuals suffering from sleep-related disorders. Technological advancements in sleep tech devices will prove beneficial for industry growth. Innovations introduced within these sleep devices have enhanced the comfort levels in individuals suffering from chronic disorders. Currently available sleep devices effectively monitor and provide overall analysis that enables people to optimize their sleep patterns. Hence, growing availability of advanced
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ASID names CEO, The Novogratz has a new president, and more ASID names CEO, The Novogratz has a new president, and more
Business of Home’s February roundup of new hires in design, manufacturing, media and more.
TO THE TRADE
Lynchburg, Virginia–based leather company Moore & Giles has promoted
Adam Shurr to the position of director of marketing, where he will lead the team and oversee strategies.
St. Augustine, Florida–based home furnishings manufacturer Brown Jordan Inc. has named
Bernie Guerin as its new chief financial officer. Guerin comes to the role with more than 30 years of business finance experience, most recently having served as COO and CFO at environmental services and waste management provider Clean Earth Inc. At Brown Jordan, he will oversee the company’s financial strategies and manage its outdoor living and contract furnishings divisions.