{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-070604","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.547483+00:00","generated_at":"2026-06-22T01:24:55.049632+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Purple Innovation Q3 revenue $143.3M (-16% YoY); adj. EBITDA $12.1M vs $0.6M","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-070604","json":"https://secwatch.observer/filing/0001213900-22-070604.json","markdown":"https://secwatch.observer/filing/0001213900-22-070604.md","text":"https://secwatch.observer/filing/0001213900-22-070604.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/0001213900-22-070604-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/ea168320-8k_purpleinno.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:24:55.049632+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f98cdc836edee0c7c8c8a11f88951e5addc795be","claim":"Purple Innovation, Inc. reported third quarter ended September 30, 2022 results: revenue $143.3 million, net income $2.3 million.","evidence_excerpt":"Net revenue was $143.3 million, a decrease of 16.1% compared to 3Q21 and relatively flat compared to 2Q22.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/0001213900-22-070604-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$143.3 million"},{"label":"Net income","value":"$2.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}