Purple Innovation (PRPL) Tops Q3 EPS by 2c, Misses on Revenue; Offers FY24 Revenue Guidance
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Purple Innovation Reports Third Quarter 2024 Results
November 4, 2024 4:05 PM ESTÂ Restructuring Initiatives are On Track and Delivering Significant Margin Improvement
GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5%
Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last Year
LEHI, Utah, Nov. 4, 2024 /PRNewswire/ --Â Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure Mattress," today announced results for the third quarter ended September 30, 2024.
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