Purple Innovation (PRPL) Reports Q3 Loss of $0.09, Revenues Miss; Offers FY18 Revenue Guidance Below Consensus

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Go back to Purple Innovation (PRPL) Reports Q3 Loss of $0.09, Revenues Miss; Offers FY18 Revenue Guidance Below Consensus

Purple Innovation Reports Third Quarter 2018 Results

November 14, 2018 4:05 PM EST

ALPINE, Utah, Nov. 14, 2018 /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 third quarter ended September 30, 2018.

Third Quarter Financial Summary (Comparisons versus Third Quarter 2017)1

Net revenue increased 26.4% to $70.8 million, compared to $56.0 million. Gross margin was 39.7%... More