Purple Innovation Q4 revenue down 22% to $145.1M; net loss widens to $70.2M

Purple Innovation, Inc.

Net revenue $145.1M, down 22.2% YoY; DTC revenue fell 34.5% as ad spend was cut 77.7%.
Operating loss improved to $(11.1)M from $(31.1)M in Q4 2021.
Net loss widened to $(70.2)M from $(21.8)M; adjusted net loss $(9.1)M ($0.10 per share).
Adjusted EBITDA approximately breakeven versus a $(23.4)M loss a year ago.
Company provided 2023 guidance; specific numbers not available in excerpt.

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