Purple Innovation Reports Fourth Quarter and Full Year 2019 Results
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Purple Innovation (PRPL) Misses Q4 EPS by 33c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus
March 9, 2020 4:11 PM EDTPurple Innovation (NASDAQ: PRPL) reported Q4 EPS of ($0.29), $0.33 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $124.3 million versus the consensus estimate of $119.52 million.
Fourth Quarter Financial Summary (Comparisons versus Fourth Quarter 2018)1
Net revenue increased 58.3% to $124.3 million, compared to $78.5 million.Gross margin was 47.7% compared to 34.2%.Operating expenses as a percent of net revenue were 45.4% compared to 40.8%.Operating income was $2.8 million compared to an operating loss of $(5.2) million. Adjusted operating income was $3.9 million compared to an adjusted operating loss... More