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Casper Sleep (CSPR) Q4 2020 Earnings Call Transcript

Operator Good morning, and welcome to Casper Sleep s fourth-quarter 2020 conference call. today s call is being recorded. I would like to turn the conference over to Norberto Aja, investor relations for Casper. Mr. Aja, you may begin. Investor Relations Thank you, operator, and good morning, everyone. Thank you for joining the Casper Sleep 2020 fourth-quarter and full-year conference call. We ll get started in just a minute with management s comments and your questions. But before doing so, let me take a minute to read the safe harbor language. This call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made on this call that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management s plans, strategies, goals, and objectives, our anticipated financial performance and the expected impact of novel coronavirus on our business.

Casper Sleep reports revenue beat

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

Sleep Tech Devices Market Value Could Exceed $31 Billion By 2026 News provided by Share this article Financialnewsmedia.com News Commentary 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

Sleep Tech Devices Market Value Could Exceed $31 Billion By 2026

Sleep Tech Devices Market Value Could Exceed $31 Billion By 2026
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