Purple Innovation Reports Record First Quarter 2020 Results

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Go back to Purple Innovation Reports Record First Quarter 2020 Results

Purple Innovation (PRPL) Tops Q1 EPS by 6c, Revenues Beat

May 11, 2020 4:33 PM EDT

Purple Innovation (NASDAQ: PRPL) reported Q1 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $122.4 million versus the consensus estimate of $106.97 million.

First Quarter Results

Net loss available to common shareholders was $0.30 per share, or $27.4 million, compared to net income available to common shareholders of $0.66 per share, or $61.7 million, for the prior year period. The current year period was impacted by a non-cash impairment charge totaling $45.7 million, or $0.47 per share, related to the... More