Purple Innovation Q3 revenue $143.3M (-16% YoY); adj. EBITDA $12.1M vs $0.6M

Purple Innovation, Inc.

2022-Q3 EPS reported -$0.25 revenue$430,568,000

Net revenue $143.3M, down 16.1% YoY; DTC revenue fell 25% as ad spend reduced 57%.
Gross margin improved 570 bps YoY to 41.5%; operating income $1.3M vs loss of $6.6M.
Adjusted net income $2.8M ($0.03 diluted) vs adjusted loss of $4.9M in 3Q21.
Adjusted EBITDA $12.1M, up from $0.6M; cash and equivalents $59.1M.
Company provided revised adjusted EBITDA guidance for 2022 (specific figure not in excerpt).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Purple Innovation, Inc. reported third quarter ended September 30, 2022 results: revenue $143.3 million, net income $2.3 million.

Period: third quarter ended September 30, 2022
Revenue: $143.3 million
Net income: $2.3 million
Result: reported results

Exact text from the filing

Net revenue was $143.3 million, a decrease of 16.1% compared to 3Q21 and relatively flat compared to 2Q22.

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Purple Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-070604

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