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 the third quarter ended September 30, 2023 results: revenue $140.0 million, net income $(36.0) million. Guidance lowered.
- Period
- the third quarter ended September 30, 2023
- Revenue
- $140.0 million
- Net income
- $(36.0) million
- Guidance
- lowered
- Result
- reported results
Exact text from the filing
for the third quarter ended September 30, 2023. Third Quarter Financial Summary (Comparisons versus Third Quarter 2022 and Second Quarter 2023) 1 ● Net revenue decreased 2.0% to $140.0 million compared to 3Q22 and increased 18.8% compared to 2Q23. o Wholesale revenue increased 2.6% compared to 3Q22 and increased 20.0% compared to 2Q23. o Direct-to-Consumer (DTC)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Purple Innovation, Inc. amended ABL Amendment and Waiver with Bank of Montreal and group of financial institutions (ABL Lenders) valued at Provides waivers of Subject Events of Default and amends provisions including weekly borrowing base (effective 2023-11-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of Montreal and group of financial institutions (ABL Lenders)
- Value
- Provides waivers of Subject Events of Default and amends provisions including weekly borrowing base
- Effective
- 2023-11-06
Exact text from the filing
On November 6, 2023, the Loan Parties entered into (i) a First Amendment and Waiver to the ABL Agreement (the “ABL Amendment”) and (ii) a First Amendment and Waiver to the Term Loan Agreement (the “Term Loan Amendment”), with the Term Loan Lenders and ABL Lenders, respectively (collectively, the “Lenders”), including waivers of the Subject Events of Default.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Purple Innovation, Inc. amended Term Loan Amendment and Waiver with Callodine Commercial Finance, LLC and group of financial institutions (Term Loan Lenders) valued at Provides waivers of Subject Events of Default and amends provisions including weekly borrowing base (effective 2023-11-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Callodine Commercial Finance, LLC and group of financial institutions (Term Loan Lenders)
- Value
- Provides waivers of Subject Events of Default and amends provisions including weekly borrowing base
- Effective
- 2023-11-06
Exact text from the filing
On November 6, 2023, the Loan Parties entered into (i) a First Amendment and Waiver to the ABL Agreement (the “ABL Amendment”) and (ii) a First Amendment and Waiver to the Term Loan Agreement (the “Term Loan Amendment”), with the Term Loan Lenders and ABL Lenders, respectively (collectively, the “Lenders”), including waivers of the Subject Events of Default.
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