Purple Innovation Reports Third Quarter 2019 Results
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Purple Innovation (PRPL) Tops Q3 EPS by 14c, Revenues Beat; Maintains FY19 Revenue Outlook
November 6, 2019 7:37 AM ESTPurple Innovation (NASDAQ: PRPL) reported Q3 EPS of $0.16, $0.14 better than the analyst estimate of $0.02. Revenue for the quarter came in at $117.4 million versus the consensus estimate of $105.29 million.
Third Quarter Financial Summary (Comparisons versus Third Quarter 2018)1
Net revenue increased 65.8% to $117.4 million, compared to $70.8 million.Gross margin increased 530 basis points to 45.0% compared to 39.7%.Operating expenses as a percent of net revenue improved to 35.7% compared to 44.6%.Operating income was $11.0 million compared to an operating loss of $(3.4)... More