Purple Innovation Reports First Quarter 2018 Results
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Purple Innovation (PRPL) Misses Q1 EPS by 13c, Revenue Beat; Offers 2Q Revenue Outlook Below Consensus
May 15, 2018 4:10 PM EDTPurple Innovation (NASDAQ: PRPL) reported Q1 EPS of ($0.17), $0.13 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $61 million versus the consensus estimate of $58 million.
First Quarter Financial Summary
Net revenue increased 102.4% to $61.0 million, compared to $30.1 million in the first quarter of 2017.Gross margin was 43.3% as compared to 47.5% in the first quarter of 2017.Operating loss was $(2.9) million as compared to... More