Purple Innovation Reports Fourth Quarter and Full Year 2018 Results
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Purple Innovation (PRPL) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Below Consensus
March 12, 2019 4:23 PM EDTPurple Innovation (NASDAQ: PRPL) reported Q4 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $78.5 million versus the consensus estimate of $77.1 million.
Net revenue increased 24.5% to $78.5 million, compared to $63.0 million.Gross margin was 34.2% compared to 41.1%.Operating expenses as a percent of net revenue were 40.8% compared to 48.3%.Operating loss was $(5.2) million compared to an... More