Purple Innovation Reports Second Quarter 2019 Results
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Purple Innovation (PRPL) Tops Q2 EPS by 11c, Revenues Beat; FY19 Revenue Guidance Above Consensus
August 13, 2019 4:10 PM EDTPurple Innovation (NASDAQ: PRPL) reported Q2 EPS of ($0.16), $0.11 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $103 million versus the consensus estimate of $94.9 million.
Second Quarter Financial Summary (Comparisons versus Second Quarter 2018)1
Net revenue increased 36.0% to $103.0 million, compared to $75.8 million.Gross margin was 41.5% compared to 42.0%.Operating expenses as a percent of net revenue were 43.8% compared to 48.2%.Operating loss was $(2.4) million compared to an operating loss of $(4.7) million. Adjusted operating income was $5.3 million compared to an adjusted operating loss of $(4.1) million.... More