Purple Innovation (PRPL) Prices 7.308M Shares Secondary Offering at $30/Sh
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May 18, 2021 5:52 PM EDT
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May 18, 2021 4:37 PM EDT
Purple Innovation, Inc. (NASDAQ: PRPL), a leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced the launch of an underwritten secondary public offering of 7,308,792 shares of its Class A common stock to be sold by Coliseum Capital Partners, L.P., Coliseum Co-Invest Debt Fund, L.P., Blackwell Partners LLC Series A, and Coliseum Capital Co-Invest III, L.P. (collectively, the "Selling Stockholders"). The underwriters have a 30-day option period to purchase up to 1,096,318... More
May 18, 2021 7:18 AM EDT
Raymond James analyst Bobby Griffin raised the price target on Purple Innovation (NASDAQ: PRPL) to $38.00 (from $32.00) while maintaining a Outperform rating.... More
May 18, 2021 6:35 AM EDT
Wedbush analyst Seth Basham raised the price target on Purple Innovation (NASDAQ: PRPL) to $37.00 (from $32.00) while maintaining a Outperform rating.... More
May 17, 2021 7:05 AM EDT
Purple Innovation (NASDAQ: PRPL) reported Q1 EPS of $0.17, $0.07 better than the analyst estimate of $0.10. Revenue for the quarter came in at $186.4 million versus the consensus estimate of $167.16 million.
First Quarter Financial Summary (Comparisons versus First Quarter 2020)1
Net revenue increased 52.3% to $186.4 million, compared to $122.4 million.Direct-to-Consumer (DTC) revenue increased 54.8%; Wholesale revenue increased 47.6%.Gross margin improved to 46.9% compared to 43.5%.Operating expenses as a percent of net revenue were 37.9% compared to 37.3%.Operating income increased 125.3% to $16.9 million compared to operating income of $7.5 million.Net income was $20.9...
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