secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001213900-22-070604
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/0001213900-22-070604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/ea168320-8k_purpleinno.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070604

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer